๐ Daily #Macro & Market Recap ๐ฐ Let's dive into a quick thread recapping some of today's market moving events ๐, data ๐, & charts ๐๐ for Friday (03/03/23)โฆ ๐งต/๐๐ผ
2/๐งต Looking at the latest @CNNBusines โFear & Greed Indexโ, the markets are still maintaining their GREED readings on the back of last weeks Thurs - Fri #StockMarket reversal rally that was triggered (all, or in-part) on the back of @federalreserve (non-voting) member Bosticโsโฆ twitter.com/i/web/status/1โฆ
3/๐งต Here are the rest of of the โ7 Fear & Greed Indicatorsโ (per @CNNBusiness): ๐๐ vs. ๐ป๐
4/๐งต Here is an update on #StockMarket breath, as we did see a pause on selling pressure as market breadth picked up Thursday into Fridayโs closeโฆ $SPY $SPX
๐ฃ >20 Day (Current: 38%, Previous: 18%) ๐
๐ต >50 Day (Current: 51%, Previous: 44%) ๐
๐ >200 Day (Current: 60%,โฆ twitter.com/i/web/status/1โฆ
Here's a thread of (6) charts ๐ that are worth nothing from this last week's @MorganStanley Global Investment Committee (GIC) Weekly Report (01/30/23)... ๐งต/๐๐ผ
1/๐งต "In the short run, flows, sentiment, positioning & technicals can be powerful drivers, while over the longer term, fundamentals like growth, profitability & productivity are critical, as are earnings surprises." @MorganStanley
2/๐งต "But sometimes, & for extended periods, markets can settle on one particular thesis, no matter how narrow or implausible." ๐h/t @MorganStanley@GoldmanSachs $MS $GS @Bloomberg
Wondering about latest news ๐ฐ in the #realestate#housingmarket ๐ก๐ต with pricing, #interestrates, etc.? Here's an updated thread for January 23' that includes all the latest macro/market data... ๐งต/๐๐ผ
@PwC@PwCUS just released their 2023 Annual Global CEO Survey โ here's a thread of the top takeaways from the survey, including the fact that "40% of CEO's don't think their companies will be 'economically viable' in the next 10yrs"... ๐งต/๐๐ผ
2/๐งต "#inflation and #macroeconomic volatility stand out more prominently than other key threats in the next 12 months than over the next five years." @PwC@PwCUS
๐Chart Update๐ Here's the latest "40-Bar Cycle" chart on $SPY โ including analysis on MACD buy/sell signal(s), breakout of the consolidation range, major support/resistance levels, & more...
As we kickoff 23', here's a thread w/ the latest data ๐ฆ๐ต๐จ on #StockMarket liquidity, credit, & financial conditions within the broader markets... ๐งต/๐๐ผ
2/๐งต In addition to this, investors also have to look past the @federalreserve as global Central Banks ๐ฆ have joined in QT against the #inflation backdrop...