US stocks have never been higher in August under a second term president in a post-election year.
6 for 6 lower. Source: Ryan Detrick, CMT
Your dollar lost 53% of its purchasing power over the past 30 years.
That’s not a bug. It is a feature of the system. You basically have 3 choices: 1/ Spend now; 2/ Invest into stocks, real estate & other real assets; 3/ Invest into store of values Or watch your money evaporate. Source chart: Peter Mallouk
This chart from Arch Economics sums up what's wrong with anyone pointing to unemployment as a sign the labor market is "solid."
If not for collapsing labor force participation since April, unemployment would've climbed to 4.9% today instead of 4.25%. Source: Parker Ross @Econ_Parker, Arch Global Economics
Should we fear bearish engulfing patterns on the S&P 500?
Fundstrat: " $SPX and equities are overbought. So a bit of consolidation is expected. But we believe the risk/reward for stocks remains favorable. And we think stocks will likely be higher 2 weeks from now." Source: Seth Golden @SethCL
Market expectations for Fed rate cuts have shifted sharply lower after weaker-than-expected US jobs data.
Investors are now pricing in 62bps of rate cuts for the rest of the year, up from ~35bps before the report. The probability of a rate cut at Sep17 meeting has jumped to 92%. Source: Holger Zschaepitz @Schuldensuehner
🚨: China bans cryptocurrency for the 1000th time 👻😱🫂
Source: Barchart
The german stockmarket’s brief comeback (as a percentage of world's market cap) appears to be over – at least for now.
The surge in US big tech stocks, the underperformance of German equities, and a weakening Euro have pushed Germany’s share of global stock market capitalization down to 2.2%, from 2.4% in May. Source: HolgerZ, Bloomberg
Berkshire Hathaway’s cash position is now 30% of their total assets, the most in history.
Source: Barchart
