An exciting stat from Goldman: Just 10y ago, the collective market cap of the Mag 7 was $1.5tn.
Today, that stands at $13.5tn. Source: GS, HolgerZ
"The stock-bond correlation switch is the ultimate diversification regime shift."
"You don't have as great a need for alternatives when the correlation is negative. Investor search for diversification should be at a heightened level." Source: BofA, Darren
Big Election Year Q1s Dip April-May Before Gains Last 7 Months.
2024 is 3rd best Election Q1 since 1950 tracking. Historically, there is a dip in April-May before gains till year-ned. There was only 2 losses in the last 7 months of election years since 1950 (2000 & 2008) Source: Ryan Detrick, CMT, AlmanacTrader
As shown by Jeroen Blokland >>> The Ishares 20+ Year Treasury Bond ETF is down 48% since April 2020.
This means investors have realized a negative return of 15% annually on long-duration bonds over the last four years. Moreover, this 'return' was realized with structurally higher volatility and, on average, a positive correlation with stocks. It also means the market for long-duration bonds has to double(!) to erase losses. Source: Jeroen Blokland
(Bloomberg) - A surprising thing is happening to some women on weight-loss drugs who’ve struggled with fertility issues: They’re getting pregnant...
Source: Bloomberg, Carl Quintanilla
$BABA Alibaba free cash flow vs share price
Source: KoyfinCharts
An electric vehicle car crash?
As shown below, Battery-electric new car registrations (March 2024, yoy) are crashing in most European countries. Source: Michael A.Arouet
How is it possible? Below is the number of initial filings for unemployment insurance.
Five of the last six weeks, the exact same number. Effectively the same number in the last 11 weeks, except for the holiday weeks (President's Day and Easter). As highlighted by Jim Bianco, how is this statistically possible? --- Consider The US is a $28 trillion economy. It has 160 million workers. Initial claims for unemployment insurance are state programs, with 50 state rules, hundreds of offices, and 50 websites to file. Weather, seasonality, holidays, and economic vibrations drive the number of people filing claims from week to week. Yet this measure is so stable that it does not vary by even 1,000 applications a week. Just the number of applications incorrectly filed out every week should cause it to vary more than this...
