Daily Charts - SPX vs Fed loan officer
1.Banks are Tightening loan criteria
This has been a red flag 🚩 for stocks in the past for a few logical reasons, e.g.
-reflects uncertainty on outlook
-makes it harder to get funding
In other words it can be both an effect, but also a cause (by reinforcing), of emerging credit stress... $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$
Image
2.The Great Deleveraging 👀
Question though: is this the scars of the financial crisis spurring folk to be more prudent with debt? ...or is it more about the dream run in stocks and property on the asset side?
US household leverage (as measured by debt as a % of assets) has dropped to multi-decade lows.
Image
3.We've just seen a big Shake Out in gold
But here's the thing...
Investors are still *underallocated* to gold $Gold - main 2506(GCmain)$
Image
For whom haven't open CBA can know more from below:
🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!
Find out more here：
Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
