Death cross
-Major indices (DJIA, S&P 500, NASDAQ) have exhibited the dreaded death cross
-By now, FAANG stocks have all succumbed to the death cross
Volatility
-Even went higher from last Friday of 30.11% to Christmas Eve’s 36.07%. More than double the average of 15.3% from 1928 to 2004.
Put-Call ratio
-Recently at its highest in the past five years. A higher figure on this ratio means that investors are buying insurance against further downside.
Yield curve (10y-2y Treasuries)
-An inverted or 2-year Treasuries higher than 10-year Treasures indicate a possible recession ahead. Not yet inverted but at the lowest point since 2007.
AAII Investor Sentiment
-Sentiment of bullish investors is at its lowest since September 2016.
-Sentiment of bearish investors is near January 2016 highs.
Bitcoin
-Bubble just burst. From near $20,000 a year ago to $3,815.09 per cryptocurrency.
Outlook
-S&P revenue and earnings are projected to be lower than 2018's.
Submitted December 25, 2018 at 07:39PM by markyu007 http://bit.ly/2CxZOm1
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