Dot-Com Bubble, COVID, '94 Bond Crash... and Now?! #stockmarket #history #trading

September's financial stats vs. historical context

• –September shows bizarre financial stats
• –S&P 500 50-day MA above 27.4%
• –S&P 500 200-day MA above 49%
• –Index near all-time high
• –Long-term weakness in breath readings
• –Last similar in 2000 do bubble
• –Market cap gain 0.2%
• –Equal weighted index down 4.4%
• –Last similar gap in March 2020
• –WTI 10-year correlation 0.65
• –Highest since 1990
• –Correlation higher than Arab Spring
• –Correlation higher than global financial crisis
• –Only eclipsed by Gulf War 0.66
• –10-year yield up 87 basis points
• –Biggest jump in 30 years
• –Last similar in 1994 bond massacre