Eugenio Catone @CatoneEugenio: "This isn't 2008 all over..."

Italy

This isn't 2008 all over again for mortgages, but take a look at credit card delinquencies over 90 days: we are nearing the peak of the Great Financial Crisis. It is quite paradoxical that this is happening with the market at all-time highs, but I suppose this is one of the consequences of the K-shaped economy. Power is concentrated in the hands of a few consumers, while everyone else struggles to make ends meet. After all, financial assets are predominantly held by the top 10%. $SPX500 $BAC (Bank of America Corp) $NSDQ100 $DJ30 $JPM (JPMorgan Chase & Co)

Not investment advice. The author may have financial interests in the mentioned instruments.