This is a big negative divergence for global equity markets: Turkey: -70% Nigeria: -68% Russia: -57% Brazil: -57% Italy: -45% Indonesia: -32% China: -25% South Korea: -16% Germany: -14% Japan: -10% UK: -10% India: -8% Canada: -7% US: -0.6% Israel: -0.4% Source: https://twitter.com/charliebilello/status/1037296607279099904
S&P 500 EPS for Q3 fell by 0.9% while S&P 500 price rose by 6.7% from June 30 through August 30. Source: https://insight.factset.com/smaller-cuts-than-average-to-sp-500-eps-estimates-for-q3-to-date …
Another Record Setting Week On Wall Street It was another record setting week on Wall Street as the S&P 500 topped 2,900 and the Nasdaq topped 8,000. In the short-term, the market is very extended and way over due to pullback. There’s an old adage on Wall Street that says, Stocks take the stairs up…
Source: https://www.marketwatch.com/story/the-road-to-fresh-stock-market-highs-is-littered-with-these-awful-correction-calls-2018-08-28