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."

Today:



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:




Banks




Internet




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