The SP500's CAPE Ratio is about to cross above 38 for the 3rd time in history, now higher than 98% of historical valuations. $SPX
Source: Charlie Bilello
Japan PM Ishiba Vows To 'Stay On' Despite Ruling Coalition Facing Major Loss; Exit Polls Show
The governing coalition of Prime Minister Shigeru Ishiba is likely to lose a majority in the smaller of Japan's two parliamentary houses in a key election Sunday, according to exit polls, worsening the country's political instability. Voters were deciding half of the 248 seats in the upper house, the less powerful of the two chambers in Japan's Diet. Ishiba has set the bar low, wanting a simple majority of 125 seats, which means his Liberal Democratic Party, or LDP, and its Buddhist-backed junior coalition partner Komeito need to win 50 to add to the 75 seats they already have. That would mean a big retreat from the 141 seats they had before the election. The LDP alone is projected to win from 32 to 35 seats, the fewest won by the party, which still is the No. 1 party in the parliament. Source: www.zerohedge.com
$10,000 invested in Netflix at its IPO in May 2002 is worth over $10 million today. $NFLX
Source: Charlie Bilello
Berkshire Hathaway is now underperforming the S&P 500 by almost 23 percentage points since Warren Buffett announced his retirement 📉📉
Source: Barchart
Nvidia $NVDA is now less than $600 Billion away from having a higher market cap than the entire Euro Stoxx 50 (largest 50 stocks in Europe) 🚨🚨🚨
Source: Bloomberg, Barchart
Platinum jumps to highest price in 14 years
Source: Barchart
Top 10 Profitable Companies in 2024
1. Saudi Aramco: $120.7B 2. Apple: $97.0B 3. Berkshire Hathaway: $96.2B 4. Alphabet (Google): $73.8B 5. Microsoft: $72.4B 6. ICBC: $51.4B 7. JP Morgan Chase: $49.6B 8. China Construction Bank: $47.0B 9. Meta (Facebook): $39.1B 10. Agricultural Bank of China: $38.0B Source: Statista
BofA launches new weekly periodical 'On Chain,' designed to "drill into the various facets of the fast-evolving digital assets ecosystem."
First call: Bullish ether $ETH Source: @matthew_sigel on X
