The BofA Fund manager survey can be used as a great contrarian indicator.
Even BofA's Hartnett is mocking how contrarian his Fund Manager Survey has become... Source: zerohedge
Warren Buffett looks at market cap-to-GDP as one indicator for how frothy or cheap the markets may be.
The S&P 500 recently traded around 168% market cap-to-GDP vs the global equity markets at around 90%. That suggests US stocks are .. exceptionally expensive. Chart: Goldman, Markets & Mayhem
BREAKING: Luis Antonio Tagle overtakes Pietro Parolin as the likely successor to Pope Francis.
If elected, Cardinal Tagle would be the first Filipino Pope in history. Source; Stocktwits
GOLD IS OUTPERFORMING THE STOCK MARKET BY A WHOPPING 42.5% SO FAR THIS YEAR 😮
Source: GURGAVIN @gurgavin on X
The breaking of this relationship is a measure of stress in markets ...
It continues to widen, i.e higher rates are not supporting the dollar right now. Does it mean they might have to go a lot higher to stop the dollar from falling??? Source: Bianco Research
Current Gold rally put in perspective
Source: Chart @topdowncharts
🚨The US stock market $SPY is now the 2nd worst out of 45 country ETFs since President Trump's term began in January.
The US is down 14% versus the average country that's up 3.7%. Germany $EWG is outperforming the US by 25 percentage points.🚨 Source: Bespoke
Chinese state-backed funds are cutting off new investment in US private equity, according to several people familiar with the situation, in the latest salvo against President Donald Trump’s trade war.
State-backed funds have been pulling back from investing in the funds of US-headquartered private capital firms in recent weeks, according to seven private equity executives with knowledge of the matter. The moves come in response to pressure from the Chinese government, three of the people said. Some of the Chinese funds are also seeking to be excluded from private equity investments in US companies, even if those investments are made by buyout groups based elsewhere, some of the executives added. The change in approach to the US comes as China has borne the brunt of US tariffs announced in the past three weeks that threaten to significantly curtail trade between the world’s two biggest economies. Source: FT
