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Seth Golden posted an update 4 years, 7 months ago
The only modern comparable to now is 1987
– $SPX fell 20% in one day, rose 15% the next 2 days, then returned to the low the following week
– Then rose 15% again and then retested the original low 6 weeks later
– It was up 25% a year later and back at prior highs 2 years later -
Seth Golden posted an update 4 years, 7 months ago
Leuthold Group’s James Paulesn compares 1987 crash with 2020 -
Seth Golden posted an update 4 years, 7 months ago
Cornerstone Macro proprietary consumer sentiment survey -
Seth Golden posted an update 4 years, 7 months ago
The CBOE VIX Index closed at 75.5 today, the 4th highest close ever. In every instance from this/similar levels, the S&P 500 rallied by +10% immediately thereafter & over just 1 or 2 days
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Seth Golden posted an update 4 years, 7 months ago
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Seth Golden posted an update 4 years, 7 months ago
GOLDMAN: sets new mid-year S&P 500 target of 2450, “(15% below the current level and 28% below the market peak.)”
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Seth Golden posted an update 4 years, 7 months ago
JPM Technical analyst: Historically, similar extreme technical conditions led to multi-week rebounds, even in cyclical bear markets. While there is always the concern… -
Seth Golden posted an update 4 years, 7 months ago
1. Chinese A shares have been a bright spot in the global equity arena, losing only 1% and outperforming its peers (MSCI AC World) by 17pp since the peak of global… -
Seth Golden posted an update 4 years, 7 months ago
Goldman´s RAI is now below GFC trough levels -
Seth Golden posted an update 4 years, 7 months ago
Business is starting to operate ‘as usual’:
1. 38 out of 42 AAPL stores in mainland China have now reopened as of today
2. BABA’s parcel and meal delivery arms have returned to pre-Coronavirus outbreak staffing levels
3. President Xi Jinping of China made his first visit to Wuhan, arguably a strong ‘signal’ that Beijing believes the worst of the…[Read more] -
Seth Golden posted an update 4 years, 7 months ago
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Seth Golden and Joe Xu are now friends 4 years, 7 months ago
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Seth Golden posted an update 4 years, 7 months ago
This is not nearly good enough. WH: Pence is holding a noon video teleconference with governors from the situation room, 4pm task force meeting, 5:30 press briefing
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Seth Golden posted an update 4 years, 7 months ago
Morgan Stanley’s Mike Wilson -
Seth Golden posted an update 4 years, 7 months ago
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Seth Golden posted an update 4 years, 7 months ago
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Seth Golden posted an update 4 years, 7 months ago
Bear market territory identified in chart -
Seth Golden posted an update 4 years, 7 months ago
Backwardation now at 10 days -
Seth Golden posted an update 4 years, 7 months ago
Wells Fargo: Our short-term outlook (through June 2020)
We are now seeing the third wave of the coronavirus. The first wave was in China’s Hunan province, which remains the epicenter of the disease. The second wave was broader China. The third wave is around the world, focused primarily in Europe, the Middle East, and South Asia.
The p…[Read more] -
Seth Golden and jsferraguto are now friends 4 years, 7 months ago
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