The S&P 500 is expensive on 19 out of 20 metrics, according to the BofA analysis.
Some metrics such as the Buffett Indicator (Market Cap to GDP ratio) are over 100% above historical averages. Source. Global Markets Investor
$BABA beats on the big three revenue, adjusted net income and adjusted EPS!
"Cloud revenue growth accelerated to double digits at 13% year-over-year, with AI-related product revenue achieving triple-digit growth for the sixth consecutive quarter" Source: The Transcript
The ECB has recorded the biggest loss in its 25y history.
This is the result of its aggressive policy responses to Eurozone crises & surging inflation—1st buying large amounts of bonds & then sharply raising interest rates. As a result, ECB is earning less interest from the bonds it holds than it has to pay to banks for their deposits. Source: HolgerZ, Bloomberg
Pretty soon Fort Knox will be filled up again ;-)
Source: Willem Middelkoop @wmiddelkoop on X
Started from the bottom now we're here.
Source: BitcoinTeddy on X
Nikola $NKLA officially files for bankruptcy.
From $2,828 to $0. What a ride... Source: Financelot @FinanceLancelot
The United States makes up almost half of the world’s stock market
Source: Visual Capitalist
Most crowded trades according to latest BofA Fund managers survey China Tech is far behind Mag7
Source: BofA Global Fund Manager Survey
