Posted by Retail unit sales in the US for items such as laundry detergent, shampoo and diapers fell in the three months through July 10 compared to a year earlier, according to a Bloomberg Intelligence report citing data from market researcher IRI.
— unusual_whales (@unusual_whales) July 21, 2022
US corporate earnings downgrades have accelerated. pic.twitter.com/iKYtowdHz4
— (((The Daily Shot))) (@SoberLook) July 21, 2022
Very short/negative positioning is a often a great longer term contrarian signal, but it isn't the best timing tool. For example, today's BofA Fund Manager survey showed lowest allocation to stocks since Oct 2008, but the S&P didn't bottom until 5 months later and ~30% lower… pic.twitter.com/ECclIVVwAF
— Cameron Dawson (@CameronDawson) July 19, 2022
Global growth optimism at all-time low
BofA bull & bear indicator remains “max bearish” pic.twitter.com/8xRboi2AtV— Kelvin Wong, CFTe (@KelvinSCWong) July 20, 2022
$SPX highest close since June 9
First close > 50dma since 4/20 pic.twitter.com/Vp14TCIQYl— Mike Zaccardi, CFA, CMT (@MikeZaccardi) July 19, 2022