21 Oct 2025
Should it be be called Standard & Europoor‘s 500 ?
Source: Michel A.Arouet
21 Oct 2025
S&P 500 Shiller P/E (CAPE) ratio exceeded 40x, the highest level since the 2000 Dot-Com Bubble BURST.
At the same time, US households’ equity allocation jumped to ~45%, the highest EVER. This is a few percentage points above the Dot-Com Peak. Source: Global Markets Investor, TopdownChart
20 Oct 2025
Interactive Brokers might be one of the most under-discussed growth stories of the last decade.
Total accounts are up nearly 20x since 2012. Interactive Brokers reported 79% operating margins for their latest quarter. 79%... Is there any company in the world with higher operating margins? Source: Fiscal.ai (formerly FinChat) @fiscal_ai
20 Oct 2025
Sudden burst of optimism that government shutdown will be resolved in next few days (Polymarket)
Source: zerohedge
20 Oct 2025
Only ~20% of active equity managers have outperformed their benchmarks this year.
Source: Bloomberg, Jefferies
20 Oct 2025
Technology continues to lead
Source: J.C. Parets
20 Oct 2025
Is the Buffett rule sounding the alarm?
Since the 1990s, global financial assets have grown from 75% to over 200% of world GDP. Source: HolgerZ, Goldman
20 Oct 2025
It's over for bitcoin
Source: Bitcoin magazine
