The Fed moneyprinting drugging of the stock markets
Zero Hedge, 22 August 2020
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see:
www.zerohedge.com/markets/roberts-march-was-correction-bear-market-still-lurks
IRS predicts over 10,000,000 pernamently lost jobs in the next decade
Zero Hedge, 22 August 2020
see:
www.zerohedge.com/personal-finance/these-are-real-huge-jobs-numbers-and-they-will-make-your-blood-run-cold
Since the DotCom crash, companies have been cooking-the-books by gradually lowering their "effective tax rate", helping boost EPS or after-tax profits in relation to the actual profit growth generated from top-line economic activity and innovation
Zero Hedge, 19 August 2020
see:
www.zerohedge.com/markets/earnings-gap-why-sp-500-against-clock
Just like before the DotCom crash, SP500 is shooting way above SP500 earnings estimates
Zero Hedge, 19 August 2020
see:
www.zerohedge.com/markets/earnings-gap-why-sp-500-against-clock
If Dow reverses and drops from 27835 to around 26000, it will be tracking the Dow during the first two years of the Great Depression
Wall Street Journal, 17 August 2020
see:
www.zerohedge.com/markets/chart-day-bearish-setup-doubles-down
Gold behaves similarly to a three-times leveraged version of 10-year Treasury inflation-protected securities (TIPS) since 2002
Wall Street Journal, 17 August 2020
see:
www.wsj.com/articles/gold-will-need-more-bad-news-to-keep-prospering-11597492800
US Dollar futures most shorted since 1999 - time to go long
Zero Hedge, 16 August 2020
see:
www.zerohedge.com/markets/short-dollar-now-worlds-most-consensus-trade-so-its-time-go-long
Zhōngguós' credit impulse forward correlation with 10-year real Treasury rates suggests the real rates will rise, pushing down gold prices
Zero Hedge, 14 August 2020
see:
www.zerohedge.com/markets/chart-day-china-about-unleash-inflationary-tsunami-us
Silver's chaos of the last couple of days sent SLV (the Silver ETF) to the steepest discount to NAV since Lehman (Oct 2008)
Zero Hedge, 12 August 2020
see:
www.zerohedge.com/markets/mega-cap-tech-stocks-soar-again-reflation-rotation-ends-abruptly
Since March 2020, the SP500 has pretty much tracked the Global Liquidity Proxy
Zero Hedge, 12 August 2020
see:
www.zerohedge.com/markets/mega-cap-tech-stocks-soar-again-reflation-rotation-ends-abruptly
Since March 2020, the SP500 has been widely divergent way above consensus earnings
Zero Hedge, 12 August 2020
see:
www.zerohedge.com/markets/mega-cap-tech-stocks-soar-again-reflation-rotation-ends-abruptly
SP500 mostly has been tracking the PMI and Earnings Revisions since 2000
Zero Hedge, 10 August 2020
see:
www.zerohedge.com/markets/why-morgan-stanley-expects-10y-yields-be-much-higher-over-next-3-6-months
Spot gold prices still tracking the inverse of the 10-Year Treasury bond Real yield
Zero Hedge, 10 August 2020
see:
www.zerohedge.com/markets/predicting-price-gold
Since the beginning of May, the SP500 has risen 314 in the overnight session, and nothing in the day session
Zero Hedge, 17 July 2020
see:
www.zerohedge.com/markets/craziest-chart-youll-see-today
The strong correlation between the SP500 and permanent job loss
Zero Hedge, 05 July 2020
see:
www.zerohedge.com/markets/permanent-job-losses-will-be-rude-awakening-stock-market
Nasdaq 100 Index continues to steadily rise above a huge gap with the US Continuing Jobless Claims index
Zero Hedge, 02 July 2020
see:
www.zerohedge.com/markets/might-be-craziest-thing-ive-seen-my-stock-market-career
SPY/GLD ratio over last 2 and 10 years suggest SP500 to drop futher
Zero Hedge, 22 June 2020
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see:
www.zerohedge.com/markets/watershed-moment-gold-signaling-stocks-now-shaky-footing
Despite a gargantuan $18+ trillion in fiscal and monetary stimulus, a credit growth which have historically been good indicators of underlying GDP growth, the current sharp divergence between credit and activity observed in the US, the eurozone and China is particularly unusual and highlights how different this crisis is relative to the 2008 financial crisis
Zero Hedge, 19 June 2020
see:
www.zerohedge.com/markets/ready-another-usd-rally
With the Fed Balance Sheet mostly correlated with the SP500 since March, as the balance sheet declines, will the SP500 decline?
Zero Hedge, 19 June 2020
see:
www.zerohedge.com/markets/feds-balance-sheet-posts-biggest-drop-11-years
How the price of gold has tracked the US M2 money supply since the 1980s
Zero Hedge, 14 June 2020
see:
www.zerohedge.com/commodities/how-are-gold-and-money-supply-related
SP500 Railroad stocks index diverges sharply higher while Total US Railroad Freight Carloads index plummets - insane divergences
Zero Hedge, 09 June 2020
see:
Nasdaq volume hits all time high as put-to-call ratio craters - no need to buy call options for insurance while the Fed is propping up the markets
Zero Hedge, 05 June 2020
see:
www.zerohedge.com/markets/record-stampede-stocks-nasdaq-volume-hits-all-time-high-put-call-ratio-craters
Momentum/value ratio crashes and converges to the 30-year Treasury yield - if these interest rates go above 0.84, CTAs could close the long Treasury contracts, sending rates up and causing some equity monies to move to bonds
Zero Hedge, 05 June 2020
see:
www.zerohedge.com/markets/quant-carnage-momentum-melts-down-most-record-yields-spike
Federal Reserve moneyprinting and flooding the markets with liquidity is the ONLY thing propping up the SP500 - not economics, not growth, just money counterfeiting
Zero Hedge, 04 June 2020
see:
www.zerohedge.com/markets/gold-gains-bonds-stocks-dollar-are-dumped
Small cap stocks are the more overvalued ever - the Small Cap (SP600) Forward P/E/ ratio is the highest ever since 1995, and nearly double the height at the 2008 financial crisis
Zero Hedge, 04 June 2020
see:
www.zerohedge.com/markets/gold-gains-bonds-stocks-dollar-are-dumped
A staggering measure of the Fed's socialist policies: the Nasdaq is trading at 152-times the Bloomberg Commodity Index, surpassing the DotCom bubble by a factor of two
Zero Hedge, 04 June 2020
see:
www.zerohedge.com/markets/staggering-powell-bubble-just-one-amazing-chart
The stock market has reached its "maxiumum stupid" price limit, with the small-cap Russell 2000 at a 30-year nose-bleed high of 70 for its P/E ratio
Zero Hedge, 01 June 2020
see:
www.zerohedge.com/markets/its-decision-time-market-has-reached-its-maximum-stupid-price-limit
Only the stocks of the huge tech companies are up because only they have the cash for tens of billions of dollars of stock buybacks
Zero Hedge, 31 May 2020
see:
www.zerohedge.com/markets/buybacks-are-back-heres-who-repurchasing-most-stocks
Persistently low Treasury Bond yields (< 4%) are forcing Americans to spend less as they need to save more for retirement - forced saving further depresses demand in a vicious cycle which depresses corporate earnings
Zero Hedge, 31 May 2020
see:
www.zerohedge.com/markets/here-stunning-chart-blows-all-modern-central-banking
Silver still underperforming gold, though gold/silver is tracking the US dollar index, while gold is still cheap against global money supply since 2012
Zero Hedge, 28 May 2020
see:
www.zerohedge.com/commodities/silver-shines-gold-glut-weighs-barbarous-relic
After March's collapse, April's durable goods orders weakness accelerated, with preliminary data plunging 17.2% MoM (worse than the 16.6% decline in March). This sent durable goods orders down 19.4% YoY - the worst since the financial crisis.
Zero Hedge, 28 May 2020
see:
www.zerohedge.com/economics/collapse-us-durables-goods-orders-accelerates-april
In May, you could only make money buying stocks if you traded in the overnight sessions
Zero Hedge, 27 May 2020
see:
www.zerohedge.com/markets/if-youre-buying-stocks-during-us-day-youre-doing-it-all-wrong
Stock market returns over the next 10 years should average 0%, based on historical data
Zero Hedge, 27 May 2020
see:
www.zerohedge.com/markets/why-credit-suisse-sees-0-returns-over-next-decade
The Federal Reserve has counterfeited $3.3 trillion dollars to give to the 1%, while having no effect on the economy for everyone else
Zero Hedge, 25 May 2020
see:
www.zerohedge.com/markets/tinas-orgy-anything-goes-winners-take-all
Small "retail" stock market investors have beaten hedge funds since last August - so what is the point of all the in-depth analysis conducted by hedge funds if 20-year-old retail investors armed with just an online trading platform and listening to CNBC can outperform them?
Zero Hedge, 24 May 2020
see:
www.zerohedge.com/markets/retail-investors-are-crushing-hedge-funds-again
Federal Reserve moneyprinting is the only thing pushing up forward earnings after the coronavirus market crash in March
Zero Hedge, 22 May 2020
see:
www.zerohedge.com/markets/bear-market-or-just-big-correction
US dollar rising against fiat currencies, but dropping against gold
Zero Hedge, 22 May 2020
see:
https://www.zerohedge.com/markets/path-monetary-collapse
In the last 15 days, US equities only go up after the cash markets close
Zero Hedge, 22 May 2020
see:
https://www.zerohedge.com/markets/easy
European equities continue trade poorly during European-only trading hours
Zero Hedge, 22 May 2020
see:
https://www.zerohedge.com/markets/easy
SP500 is forming a triple-top, three times failing to rise above the 2950 resistance level
Zero Hedge, 18 May 2020
see:
www.zerohedge.com/markets/sp-futures-fail-breakout-above-3000-triple-top-forms
2010-2021 corporate earnings keep on getting revised down
Zero Hedge, 18 May 2020
see:
www.zerohedge.com/markets/chase-momentum-until-fundamentals-matter
The US dollar still has a few years of rising against other currencies
Zero Hedge, 17 May 2020
see:
https://www.zerohedge.com/markets/anatomy-long-term-us-dollar-cycles
The 24-month-forward (not the usual 12-month tea-leaf-reading) P/E ratio is also at 20-year highs
Zero Hedge, 17 May 2020
see:
www.zerohedge.com/markets/goldman-quietly-cuts-q3-q4-eps-forecasts-now-values-market-2023-earnings
Why all economic growth in the Internet era (>1990) has been funded only by debt, not innovation
Zero Hedge, 17 May 2020
see:
realinvestmentadvice.com/macroview-why-siegel-is-wrong-about-end-of-bond-bull-market/
Gold mining stocks are at a 25-year-low against gold and the SP500
Zero Hedge, 17 May 2020
see:
www.knowledgeleaderscapital.com/2020/05/15/heres-5-reasons-why-gold-miners-have-massive-outperformance-in-the-tank/
Cass April Shipping index level drops back to 2009 levels
Zero Hedge, 15 May 2020
see:
www.zerohedge.com/economics/lost-april-and-failure-economic-cheerleading
The current SP500 rally looks eerily familiar to previous bear market rallies
Zero Hedge, 14 May 2020
see:
www.zerohedge.com/markets/battle-fibos-negative-yield-wall
If the leading technology index NASDAQ 100 closes below its 15-day moving average then we have potentially a significant breakdown of the uptrend that started in mid-March
Zero Hedge, 14 May 2020
see:
www.zerohedge.com/markets/crucial-session-stocks-nasdaq-15-dma-breach-signals-imminent-breakdown
The SP500 Fair Model index is still below the SP500 index price, two series with a history of reversion to the mean
Zero Hedge, 13 May 2020
see:
www.zerohedge.com/markets/putting-price-sp-500
SP500 has been above real corporate profits for over 10 years - increasingly too long and suggesting a convergence towards
Zero Hedge, 12 May 2020
see:
www.zerohedge.com/markets/stock-market-isnt-economy
Compared to history, the SP500 bouncing from recent lows is too high too quickly, which could mean a false bottom
Zero Hedge, 12 May 2020
see:
www.zerohedge.com/markets/bear-market-rally-or-new-bull-bofa-has-answer-and-what-happens-next
Core CPI crashes by most on record, as food costs soar while energy and clothing prices collapse
Zero Hedge, 12 May 2020
see:
www.zerohedge.com/markets/core-cpi-crashes-most-record-food-costs-soar-energy-apparel-collapse
World stocks are up for only one economic reason: central banks are printing huge quantities of money to buy everything
Zero Hedge, 11 May 2020
see:
www.zerohedge.com/markets/banks-battered-bitcoin-brusised-big-tech-buying-spree-continues
Consumers expectations of higher stock prices rises above 50% for the first time ever in history - despite the economy sliding into a recession
Zero Hedge, 11 May 2020
see:
www.zerohedge.com/economics/us-slides-depression-consumers-have-never-been-more-bullish-stocks
Another leg lower in stock market prices is coming, but what could leave traders speechless in 2021 is a big drop in the markets if earnings don't recover
Zero Hedge, 11 May 2020
see:
www.zerohedge.com/markets/another-leg-lower-coming-what-happens-2021-will-leave-traders-speechless
A familiar chart from 2019 and years prior: the SP500 levitates higher (chumps buying) even as investors pull money from stock funds, i.e., selling
Zero Hedge, 10 May 2020
see:
We have the largest (physical) silver coin premium since Bernanke disappointed the markets in 2011, and since Lehman sent investors scrambling in 2008
Zero Hedge, 09 May 2020
see:
www.zerohedge.com/markets/silver-coin-premiums-soar-signal-alt-money-demand-economic-recovery-hype-fades
Labor market slack likely to remain substantial even in late 2021
Zero Hedge, 08 May 2020
see:
As markets crashed, the hedge fund otherwise known as the Swiss National Bank went on a FAAMG buying spree
Zero Hedge, 08 May 2020
see:
www.zerohedge.com/markets/nasdaq-now-bigger-rest-worlds-stock-market
World stock index and global liquidity proxy index has a huge divergence away from low global sovereign bond yields - is economic growth strong or weak?
Zero Hedge, 08 May 2020
see:
www.zerohedge.com/markets/investors-need-be-mindful-bonds-stocks-suffer-biggest-disconnect
PEG Ratio (ratio of 12-month forward P/E to long-term EPS growth) is at 40 year high - "more shocking than a 20-times P/E ratio"
Zero Hedge, 08 May 2020
see:
www.zerohedge.com/markets/albert-edwards-one-chart-proving-just-how-insane-market-has-become
Record plunge in service sector "business activity" points to profits crash - the cale of the decline is far bigger than anything seen during the Great Financial Recession and signals a record drop-in service sector Q2 revenue and operating profits - correlation since 2008 sharply diverges
Zero Hedge, 07 May 2020
see:
www.zerohedge.com/markets/record-plunge-service-sector-business-activity-points-profits-crash
SP500 12 months forward P/E is the highest ever in the last 15 years, made worse by plummeting Earnings
Zero Hedge, 06 May 2020
see:
www.zerohedge.com/markets/stocks-have-never-been-more-expensive-disconnect-between-markets-and-reality-hits-idiotic
NASDAQ stock index is disconnected from reality, diverging against many other indicators
Zero Hedge, 05 May 2020
see:
www.zerohedge.com/markets/nasdaq-nears-unch-2020-employment-economy-earnings-collapse
GAAP earnings and GDP growth suggests markets will retest lows
Zero Hedge, 05 May 2020
see:
www.zerohedge.com/markets/will-market-retest-lows-summer
Trillions of dollars in new Federal debt no longer help grow the economy, and multi-trillion dollar deficits will make future growth difficult
Zero Hedge, 04 May 2020
see:
www.zerohedge.com/political/should-we-worry-about-government-debt
One "investing legend", Kiril Sokoloff, sees a second "Great Depression" for stocks by 2023, if the SP500 tracks the Dow Jones average from Oct 1918 to July 1933
Zero Hedge, 03 May 2020
see:
https://www.zerohedge.com/markets/investing-legend-sees-second-great-depression-stocks-2023
The 5 FAANG stocks are up 10% for the year, while the remaining 495 stocks in the SP500 are collectively down 13%
Zero Hedge, 03 May 2020
see:
www.zerohedge.com/markets/faamgs-are-10-2020-remaining-495-sp-stocks-are-down-13
The divergence down of the Dow Transports while the SP500 diverges up, suggests the SP500 has to regress to the level of the Dow Transport
Zero Hedge, 02 May 2020
see:
www.zerohedge.com/markets/if-bear-market-over-why-are-commodities-transports-underperforming
Bond market less optimistic about economy tha stock market
Zero Hedge, 01 May 2020
see:
www.zerohedge.com/markets/bond-market-hasnt-been-overcome-same-optimism-stocks
US GDP expected to contract 30-35% based on estimates by 17 investment analysts, in part due to drop in oil demand
Zero Hedge, 01 May 2020
see:
www.zerohedge.com/energy/berman-game-over-oil-economy-next
Gold is cheap relative to the global money supply
Zero Hedge, 01 May 2020
see:
www.zerohedge.com/commodities/silver-hasnt-been-cheap-5000-years-human-history
Only 3 times since 1990 was VIX above 30 outside of a bear market, and also above 30 about 6 months later, suggesting VIX futures are currently pricing new lows likely ahead for the SP500
Zero Hedge, 01 May 2020
see:
www.zerohedge.com/markets/here-one-indicator-convinced-bofa-another-market-crash-coming
Only 34% of consumers, which make up 70% of GDP, think that business conditions are normal, while the SP500 forward P/E multiple is at an 18 year high - a contradiction
Zero Hedge, 28 April 2020
see:
www.zerohedge.com/markets/us-consumer-confidence-collapses-richmond-fed-crashes-record-lows
Market breadth at lowest levels since the Tech Bubble of 2000
Zero Hedge, 28 April 2020
see:
www.zerohedge.com/markets/market-rises-economy-reopens-routs-riskreward
The stocks have yet to enter Phase 3 of bear markets
Zero Hedge, 27 April 2020
see:
www.zerohedge.com/markets/lessons-forgotten-are-relearned-during-bear-markets
Silver/Gold ratio, at over 110, is at a 100-year high
Zero Hedge, 20 April 2020
see:
www.zerohedge.com/commodities/whats-going-silver-market
The Chicago Fed's National Activity Index crashes into deep recession territoty
Zero Hedge, 20 April 2020
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see:
www.zerohedge.com/economics/feds-national-activity-index-crashes-deep-recession-territory
SP500 mostly flat while the WTI Prompt Spread drops big, diverging down from their correlation
Zero Hedge, 20 April 2020
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see:
www.zerohedge.com/markets/last-time-happened-oil-stocks-collapsed-30
17 of 20 SP500 valuation metrics above their historical averages, as despite recession, SP500 valuations at all time highs
Zero Hedge, 18 April 2020
see:
www.zerohedge.com/markets/fed-all-buyers-have-banks-agree-stocks-have-never-been-more-expensive
In the last 17 years, the Fed has gradually lost all power to boost economic growth, no matter how much money it prints and gives to rich people
Zero Hedge, 16 April 2020
see:
www.zerohedge.com/markets/time-might-be-different
5 stocks - Microsoft, Apple, Amazon, Google, Facebook - account for 21% of the SP500 - the most concentration in history
Zero Hedge, 16 April 2020
see:
www.zerohedge.com/markets/market-now-just-5-stocks-sp-now-more-concentrated-top-5-names-then-ever
While the Nasdaq 100 has tracked Nasdaq 100 Consensus 12m Fwd EPS for the last nine months or so, in March they diverged, indicating Nasdaq 100 is being pumped
Zero Hedge, 16 April 2020
see:
www.zerohedge.com/markets/nasdaq-100-surges-back-green-2020-small-caps-down-30
US retail sales, month-to-month, crash by most ever in March, despite hoarding
Zero Hedge, 15 April 2020
see:
www.zerohedge.com/personal-finance/us-retail-sales-crash-most-ever-march-despite-hoarding
Fed's Empire State Manufacturing index crashes most ever to -78, lowest in history
Zero Hedge, 15 April 2020
see:
www.zerohedge.com/economics/here-comes-depression-empire-state-manufacturing-crashes-most-ever-78-lowest-history
MSCI World stock index remains steady as the Citi Global Economic Surprise index plunges - which will regress?
Zero Hedge, 14 April 2020
see:
www.zerohedge.com/markets/im-no-epidemiologist
Home builders in real denial about dismal state of industry
Zero Hedge, 13 April 2020
see:
www.zerohedge.com/markets/builders-denial
Most profitable technical analysis trade since 1993 now works in reverse
Zero Hedge, 07 April 2020
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see:
www.zerohedge.com/markets/most-profitable-trade-1993-now-upside-down
Half of all small businesses hold a cash buffer of less than on month
Real Investment Advice, 03 April 2020
see:
realinvestmentadvice.com/macroview-the-fed-cant-fix-whats-broken/
While the SP500 has tracked SP Consensus 12m Fwd EPS for the last year or so in March they diverged, indicating SP500 will continue to drop
Zero Hedge, 01 April 2020
see:
www.zerohedge.com/markets/trader-maybe-we-cant-handle-truth-after-all
SP500 market crash tracking crash of 2007/9 - indicating the drop to date will be doubled
Zero Hedge, 31 March 2020
see:
www.zerohedge.com/markets/too-early-still-too-high-goldman-sees-bear-bounce-not-market-turn
Copper/gold price ratio diverging down from 10-year Treasury yields, and copper prices diverges down from oil prices, two long term correlations suggesting copper prices (and the world economy) will continue to decline
Zero Hedge, 18 March 2020
see:
www.cnbc.com/2020/03/19/copper-prices-could-fall-further-amid-the-coronavirus-crisis.html
Bloomberg US Dollar Index at an all-time record high
Zero Hedge, 18 March 2020
see:
www.zerohedge.com/markets/what-12-trillion-dollar-margin-call-looks
Bloomberg US Dollar Index mostly rises during European trading hours
Zero Hedge, 18 March 2020
see:
www.zerohedge.com/markets/what-12-trillion-dollar-margin-call-looks
The SP500, despite the recent crash, has again diverged upward from the 30-year Treasury yield, leaving people split if the economy is still bearish
Zero Hedge, 13 March 2020
see:
www.zerohedge.com/markets/bmo-disconnect-between-treasuries-and-stocks-most-widely-debated-topic-moment
The SP500 has dropped 20% from peak faster than any time in history
Zero Hedge, 13 March 2020
see:
www.zerohedge.com/markets/rohrkrepierer-how-feds-giant-bazooka-misfired
