The day of reckoning for this business cycle is at hand.
Here are some charts to consider:
Here are some charts to consider:
Today’s oil set up has eerie resemblances to 2014. 
FX volatility also a major parallel now near record lows.
Similar suppressed levels preceded the Asian Crisis & Great Recession.
Similar suppressed levels preceded the Asian Crisis & Great Recession.
2014-15 was a time when EM economies collapsed.
Watch Brazilian equities today:
Ibovespa just broke down from a 4-year support.
Watch Brazilian equities today:
Ibovespa just broke down from a 4-year support.
Singapore stocks just broke a 10+ year support.
Copper adds tremendously to this bearish thesis.
It just fell below a 17-year support.
A clear barometer for the health of the global economy.
It just fell below a 17-year support.
A clear barometer for the health of the global economy.
The S&P 500 just formed two bearish monthly candles at resistance.
The fall in oil prices is just another reason why US stocks have substantial downside risk today.
Nasdaq is also forming a scary quarterly candle at the top of an extended channel.
Deteriorating fundamentals continue to signal a downturn in the business cycle.
Companies are significantly shrinking hiring plans as profits fall.
Note:
This is all pre coronavirus outbreak!
Companies are significantly shrinking hiring plans as profits fall.
Note:
This is all pre coronavirus outbreak!
The free fall in the venture capital industry is ominous.
Bloomberg’s VC barometer is down 51% in only 8 months!
Two of its components look even worse in the last 3 months:
- Deal counts -40%
- Early financings -54%
Bloomberg’s VC barometer is down 51% in only 8 months!
Two of its components look even worse in the last 3 months:
- Deal counts -40%
- Early financings -54%
To sum it up:
8 out of 11 sectors are at record valuations.
Unparalleled to anything we’ve seen in the last 30+ years.
A mere mean reversion would be brutal today.
8 out of 11 sectors are at record valuations.
Unparalleled to anything we’ve seen in the last 30+ years.
A mere mean reversion would be brutal today.
For more check out our recent Video:
