Friday, May 5, 2017

Priced For Ponzi Perfection

Any questions?

Rewind to last Friday's subpar GDP print...
"Oil Falls 100% Of The Time A Week Later When GDP Misses by .5%"

"The median return for WTI over those seven instances was a negative 6.14 percent."


The other big story this week was auto sales implosion:

Unit sales (blue)
$ change in leases outstanding, year-over-year  (red)

Then there was the universally ignored subprime meltdown in Canada

Shopping Mall REITs imploded this week

Macron was priced in...

Small caps rolled over this week: