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On today’s show we discuss:
- The fastest stock market ever
- The stock market by the numbers
- A misclassification in the jobs numbers
- Mega respect to Stanley Druckenmiller
- German stimulus
- Private equity coming to retirement accounts
- The racial wealth gap
- How the economy is hurting black workers
- Vacation bookings are surging
- So are bicycle sales
- Why are some people getting prepaid debit cards?
- 511 epidemiologists are surveyed
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This is stunning.
At the peak of speculative fervor in February, small traders bought to open 7.5 million call contracts.
This week, they bought 12.1 million.
Watch what people do, not what they say. They're full-bore bullish, on steroids. pic.twitter.com/T1v74xq1Of
— SentimenTrader (@sentimentrader) June 6, 2020
Today's Volume was 17.6 billion shares.
That's the most volume on an up day in at least a decadeEnjoy the weekend
— Tom Hearden (@followtheh) June 5, 2020
Is this a 1st leg of new bull market or 2nd-largest bear rally of 125 yrs? The March low was 0-for-5 w/ conditions typical at cyclical bear lows. And the 30% surge off the low met 0-of-3 dynamics that usually accompany the 1st leg of a bull market. 0-for-8 is not encouraging. pic.twitter.com/xfPYJqU3Ac
— The Leuthold Group (@LeutholdGroup) June 2, 2020
Cumulative Performance of Q1 Momentum (high momentum) and Q5 Momentum (low momentum) since Beginning of April
Factor = 12-1 Momentum
Sector Neutralized
Universe = Russell 1000
Equal Weight pic.twitter.com/iYsjbungSt— Christopher Cain, CMT (@PythonTrader) June 8, 2020
This is truly shocking. This chart shows the combined balance sheet assets of the Fed, ECB, BOJ and BOE as a percentage of their combined economies. It is now 46.7% of GDP, up from 10% before the financial crisis #Markets pic.twitter.com/jfbO2ywdoI
— Robert Burgess (@BobOnMarkets) June 2, 2020
Visa spending data.
Total payment volume growth now ~ recovered back to the same period last year. https://t.co/2wPEN1SOzm pic.twitter.com/Hz1Zh07RFq
— Morgan Housel (@morganhousel) June 2, 2020
RV’s are the new commercial real estate: pic.twitter.com/HndlaYTkox
— Conor Sen (@conorsen) June 8, 2020
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