VERY BRIEF: Interesting Charts

Just forwarding along some interesting charts from the last week or so. I tend to focus heavily on fundamentals and macro themes, however, today I’m also sharing some technical charts as they help to illustrate the severity of current extremes.


The first chart shows the explosion in margin debt since the pandemic. Speculation is running rampant and with an explosion in leverage.


The next chart shows the price-to-sales ratio of the S&P 500 at record levels.


The next chart shows the earnings yield of the S&P 500 lower than even the Dot-Com peak.


A technical chart of the S&P 500 showing a replicating wave pattern from Travis Kimmel (@coloradotravis)


This chart shows the S&P 500 index but also the percent of S&P 500 stocks beating the Index on a trailing twelve month basis. Notice the historical relationship between the two…


The next chart shows the Russell 2000 (U.S. small company stock index) along with its 200-day moving average…the Index is currently farther removed from its 200-dma since at least the 80s.


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