This week: technicals check, bank stocks, global equities, cash, yield curve, valuations, margins, macro, CDS pricing, credit spreads outlook...
Great charts. Add the chart of FRC. Beware of buying on chart support points during a crisis. FRC shows this risk as investors have failed to find fgd bottom. They know the bottom price could be close to zero if the bank fails. Equity holders take the first loss. JPM bought Bears Stearns for $2 a share and Lehman fell to 15 cents a share ( where I sold my 1000 shares). Cheers
Love the big picture given by these charts.
Excellent source charts -from Australia -as you know we have $US 1.5 Trillion GDP and $US 3.6 Trillion Superannuation savings . While approx 60% Govt debt but sky high housing debt as a ratio of overall debt . A country the size of lower US 48 yet high $/sq ft-the stupidest of all scenarios on the planet. I swear our governments here are the silliest in the universe yet we have the temerity to judge others .
Chart #3 on the financial sector support line is fascinating and frightening. You're right. It has to be one of the most important charts to monitor. Thanks for surfacing it for everyone!