Urban Carmel, Discover and Read the Best of Twitter Threads by @ukarlewitz

Urban Carmel

ukarlewitz

$SPX has reached the 162% Fibonacci extension of the Covid plunge. A short thread on why this *might* matter The 162% extension marked the 2015 top and almost 2 yrs

This valuation chart from Bloomberg is making the rounds, showing that world equities are overvalued because they exceed world GDP, like 2007, 2017 and the start of this year Here’s

My stream went from breadth is terrible to breath is beautiful in the span of a week. The low was 45 days ago and the Wilshire 5k is up 35%

Plunge and bounce. All the market is doing now is debating whether we’ll be on the red line or the green line next yearhttps://twitter.com/adam_tooze/status/1250506680367935488 Everyone has an opinion on red