On this week’s Animal Spirits, we discuss
The persistence of CEO performance
Bear market rallies from the Great Depression. pic.twitter.com/MXNJHPEiVZ
— Michael Batnick (@michaelbatnick) January 11, 2016
At 2462.12, $SPX will be down -16.28% from the all time high.
In the history of the index, which began in 1923, it has never been 16.28% below the most recent all time high and NOT then become a Bear Market (-20% from all time highs) before setting a new all time high.
— OddStats (@OddStats) December 20, 2018
Buried in the Lipper report is a shocker: $81b into money market funds IN ONE WEEK, that's a) gotta be a record (that's more then they typically take in a year) and b) is coupled w $56b in eq mutual fund outflows. Just wow. h/t @CapitalObserver pic.twitter.com/bca15ApuEX
— Eric Balchunas (@EricBalchunas) December 14, 2018
Here are the returns in the S&P 500 three months after the Nasdaq Composite tumbled into a bear market, assuming we want to use the 20% drop from a peak, which is as good a definition as any. pic.twitter.com/wYLkl7lIsn
— SentimenTrader (@sentimentrader) December 20, 2018
S&P 500 Year-End Closing Price vs. 52 Week High Past 50 Years: (Currently, 13% below the 52 week high) pic.twitter.com/sNiZs5fVM0
— Michael McDonough (@M_McDonough) December 18, 2018
Out of 7,300 trading days since 1990, today's percentage of new lows among financial stocks is larger than 7,296 of them.
— SentimenTrader (@sentimentrader) December 19, 2018
Fantastic updated look at annual flows by fund type w/ the return of S&P 500 above each bar for context. Picasso-level chart here by @JSeyff.. pic.twitter.com/nEwpuXMJn5
— Eric Balchunas (@EricBalchunas) December 13, 2018