A Red Indicator for the US Markets
The Dow is on track to close at a new 52-week (and all-time) high. Yet, there are 3 times as many 52-week lows as 52-week highs on the NYSE. Since 1965, that has happened on exactly one* other day.
* December 28, 1999
— SentimenTrader (@sentimentrader) October 2, 2018
Here is every time in the past 25 years when the Dow closed at a 52-week high while most of the NYSE was in a bear market. pic.twitter.com/CZNWhZhq30
— SentimenTrader (@sentimentrader) October 3, 2018
RBI is behind the Curve
Since 2004, average spread of 10 Year GSec & Repo rate is 65bps (median). Current spread of 157bps shows RBI is way behind the curve. Policy rate hike of 25/50bps is non-event as markets have already factored these hikes. Even after 50bps hike, spread would be 40bps above median pic.twitter.com/oeX5NYYwzU
— Giriraj Daga (@GirirajDaga5) September 26, 2018
Linkfest: 04 October, 2018
Some stuff I am reading today morning:
Kotak Bank-Yes Bank : A deal amid adversity? (MC)
IL&FS saga opens a Pandora Box (BL)
Ambani in talks to buy Hathway (ET)
The easy money era is over in India (BQ)
Rs.1 Trillion Railway station modernisation plan (BS)
Liquid Funds see massive outflow (DigitalFC)
Tax on Equity Investments (Mint)
Ignore the “Druckenmiller is bearish” headlines (Macro Tourist)
Stock Market Peaks (Michael Batnick)
Stop it, Private Equity (Preston McSwain)
Source: Real Vision

