Market Behaving Like Past Decade's Pattern Has Been Broken
Going back to 1950, this is currently the 9th longest stretch without the S&P 500 making a new all-time high. Source: Willie Delwiche
SP500 top 10 weights - market cap vs. earnings contribution
Source: J.P.Morgan Asset Management
Larger Corporate Bankruptcy Filings, per Year through June
Bankruptcy filings by larger corporations in the first half of this year rose to the highest level since the same period in 2010, when they were coming down from the Financial Crisis Source: www.wolfstreet.com, WallStreetSilver
ECB Balance Sheet
ECB QT continues w/balance sheet shrank by another €12.8bn to €7,207bn, lowest since Mar2021. ECB's total assets now equal to 53% of Eurozone GDP vs Fed's 31%, SNB's 121%, and BOJ's 128%. Source: HolgerZ, Bloomberg
US 30 year Mortgage Rate
The US 30 year mortgage rate has hit a new decade high at 7.38%, up 23 bps since last week, per BankRate
Spot Bitcoin ETF Official Dates for Applicants
Everything you need to know about the spot bitcoin ETF race in one beautiful table by JSeyff thru Eric Balchunas
$XLE Energy sector ETF surging out of this wedge today!
Source: Trend spider
German ZEW survey highlights concerns over shaky recovery.
ZEW investor expectations fell to -14.7 in Jul (estimate -10.6) from -8.5 in June a bad omen for econ growth. Source: Bloomberg, HolgerZ