On this day in 1959 the Dow Jones closed above 600 points for the first time ever
Source :history
If history is any indication, and if we are in a tech bubble, then we still have room left to run, according to Bank of America
source : BofA, barchart
Big Tech Concentration in one chart
The spread of Nasdaq 100 over Nasdaq Composite is near ATH! Source: Bloomberg, HolgerZ
Nvidia’s $NVDA February rally to the $720+ range has taken the stock above the average target price estimate, which sits at just under $700.
"Money time" is on Wednesday (earnings results)... Source: Bloomberg
Magnificent 7 profits now exceed almost every country in the world
The so-called “Magnificent 7” now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research. The meteoric rise in the profits and market capitalizations of the Magnificent 7 U.S. tech behemoths - Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla — outstrip those of all listed companies in almost every G20 country, the bank said in a research note Tuesday. Of the non-U.S. G20 countries, only China and Japan (and the latter, only just) have greater profits when their listed companies are combined. source : cnbc
China and US elections reiterate the durability of the onshoring theme.
Source: Goldman Sachs
The trend is your friend...
Source: Goldman Sachs, TME
China’s National Team Is Back at Work as Stock Trading Resumes – Bloomberg
Several exchange-traded funds in China tracking the nation’s stocks saw a surge in turnover on the first trading day after the Lunar New Year holiday, a likely sign that state-backed funds continue to support the market. Traded values of China AMC CSI 500 ETF and Harvest CSI 500 ETF both surged to records, while those of Tianhong CSI 500 ETF, BOC International CSI 500 ETF and CIB CSI 500 ETF were higher than their average levels.
