Straight from the Desk
Syz the moment
Live feeds, charts, breaking stories, all day long.
- All
- us
- equities
- Food for Thoughts
- macro
- Bonds
- Central banks
- sp500
- Asia
- markets
- technical analysis
- bitcoin
- investing
- inflation
- interest-rates
- europe
- ETF
- Crypto
- Commodities
- tech
- performance
- AI
- nvidia
- geopolitics
- earnings
- Forex
- gold
- Real Estate
- oil
- bank
- nasdaq
- apple
- emerging-markets
- Volatility
- Alternatives
- energy
- magnificent-7
- switzerland
- sentiment
- tesla
- France
- trading
- ESG
- Money Market
- UK
- Middle East
- assetmanagement
- ethereum
- meta
- russia
- bankruptcy
- Turkey
- FederalReserve
- amazon
- Industrial-production
- microsoft
- africa
- Healthcare
- Market Outlook
- brics
- Focus
The gap between the Magnificent 7 and the S&P 493 (remaining 493 companies) is now 63%
This year, the Magnificent7 is up a massive 75% while the remaining 493 companies are up just 12%. Combined, the S&P 500 is up ~25%, more than doubling the S&P 493's total return. In other words, the Magnificent 7 is up 3 TIMES as much as the S&P 500 and ~6 TIMES as much as the S&P 493. Just 7 weeks ago, the S&P 493 was DOWN 2% this year. Source: The Kobeissi Letter
The stock market spent 2022 steadily declining and 2023 steadily gaining, to generally wind up about where it started
Source: Peter Mallouk
Simon White posted an excellent chart showing the potential short-term gain / long-term pain of the dual Yellen / Powell pivot
Phase 1: The Yellen Pivot. Early 2023, she decided skewing the Treasury's issuance towards bills. This bought time for risk assets, allowing Fed reserves to rise despite QT Phase 2: The Powell Pivot last week -> His dovish turn should buy more time for risk assets next year. He is literally trying to limit the growing amount of liquidity sucked from the government's ballooning interest-rate bill While this leads to short-term gain, there is a huge risk of long-term pain as these dovish operations have significantly increased long-term inflation risks and the prospect of even higher yields in the near-future. Source: Bloomberg, Macrobond
Antifragile: Things that gain from disorder
Source: Investment Books (Dhaval)
The number of core participants at OP28 in Dubai topped a record 65,000, an increase of 80 per cent on the flagship UN climate summit’s event last year in Sharm el-Sheikh, Egypt
Source: FT
The US added the equivalent of a new Venezuela in oil supply during Q4, with less rigs producing more oil as technological efficiency ramps up
This supply growth has exceeded expectations and furled OPEC's attempt to put a floor under prices, at least for now. Source: Markets & Mayhem, Bloomberg
Investing with intelligence
Our latest research, commentary and market outlooks