Investor / Analyst / MSc Finance / No Advice
Joined December 2019
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Bottom Up Equity retweeted
Seura tutki Sitran rahankäyttöä: kokoustarjoiluihin palaa jopa yli 500.000 euroa vuodessa
seura.fi/asiat/ajankohtaista…
Bottom Up Equity retweeted
Here's what seems to be a bet that inflation has already been priced into the bond market: Schwab's $16.7 billion TIPS ETF saw its biggest one-day withdrawal yesterday, of $883 million.
Bottom Up Equity retweeted
It's never been cheaper for the most financially-fragile companies to borrow money. Yields on triple-C bonds have fallen to a record low 8%, with investors mostly shrugging off the risk of default. Via ICE BofA index data & @theterminal:
Bottom Up Equity retweeted
Insiders. I have never seen the ratio this high. Used to be 70 was 'off the charts'.
Whatever you do, please don't waste my time with 'but they sell for a variety of reasons'. It's high, don't rationalize it.
Bottom Up Equity retweeted
96.4% of stocks in the S&P 500 closed above their 200-day moving average today, the highest % ever (data goes back to 2002). $SPX
Bottom Up Equity retweeted
Investors have put more money into stocks in the last 5 months than the previous 12 years combined. cnb.cx/3d1Mx7F
Bottom Up Equity retweeted
Roses are red
Violets are blue
Here's what a decade of pump by the Fed and yield-seeking speculation gets you
#FedValentines are over.
The error exceeds 1929, 2000, and 2007. People will be hurt, and a bubble can be sustained only by worsening its consequences.
@FederalReserve
Bottom Up Equity retweeted
8. Bull market in unprofitable companies
(of course pandemic didn't help, but there was a trend)
h/t @jessefelder
Bottom Up Equity retweeted
There’s a lot of talk right now about how equity valuations aren’t helpful in forecasting returns.
As with anything, that’s a question of measurement.
Here is my composite US equity valuation model vs. S&P 500 YoY.
Current valuation extremes are consistent w/ -29% YoY 12M fwd.
