S&P Futures: Mind the "Bull Market" Gap

9 cze 2023

Is this the proper way to start a new bull market? Asking for a friend...

-Home prices relative to income are higher than during the peak of the 2008 financial crisis.
twitter.com/GameofTrades_/status/1664995357561090054

-62% of new homebuyers are having trouble paying their mortgages.
listwithclever.com/research/homebuyer-report-2023/

-Some cities already seeing a rollover in housing prices with a rise in inventory.
twitter.com/NewsLambert/status/1665056868824240129
twitter.com/NewsLambert/status/1665558549223571456

-Investors are leaving the housing market.
twitter.com/nickgerli1/status/1663952603724611584?t=vwWPX0w5MmG72MtuxbRyQg&s=19

-Commercial real estate is busting.
twitter.com/GRDecter/status/1667162807601704961

-Hotel developers are broke.
reuters.com/business/finance/us-hotel-developers-run-out-cash-construction-lending-dries-up-2023-06-05/

-Total credit card debt has crossed $1 trillion for the first time ever.
twitter.com/KobeissiLetter/status/1663888770154856448?t=Sf_7Gjkd2eRtrOmx_Zd15A&s=19

-Credit card delinquency rates are rising.
twitter.com/GRDecter/status/1666629064940048385?t=899sO9UXEh2uaJEaHQ3UTQ&s=19

-7 stocks are responsible for all of the gains in the SP500 this year.
twitter.com/KobeissiLetter/status/1662552635889577993?t=r5v6Aju-3_AKK5T2aVkLwQ&s=19

- Student debt payments are about to resume putting more pressure on cash-strapped consumers.
twitter.com/FreightAlley/status/1663126966101221378

Good luck out there in this new "bull market". I suspect that the gap will be filled sooner rather than later, especially with that lower TDI indicator showing the RSI above its upper Bollinger Band.