U.S. households now have the biggest allocation to stocks in history
Source: Win Smart, CFA @WinfieldSmart
Remember: The average $SPX intra-year drawdown is 14.1%
Source: Bloomberg, Mike Zaccardi, CFA, CMT, MBA
"Be Greedy When Others Are Fearful"
One of Warren Buffett’s most famous quotes is to “be greedy when others are fearful.” Unfortunately, many anxious investors can’t stomach losses in the stock market, causing them to go to “all cash” at exactly the wrong times. Take large declines, for example. Since WW2, the S&P 500 has fallen more than 15% in nine different quarters. Following every single instance, the index was higher a year later with an average one-year gain of 25.1%. Similarly, the S&P 500 has had two-quarter drops of 20%+ just eight times, and over the next year, the index was up by at least 17% with gains every single time. source : bespoke
It seems that US opinion on Ukraine spending and Zelensky is starting to turn.
These numbers are from CNN which is definitely NOT pro-Trump. 👉 More people now think the U.S. is helping Ukraine too much—up from 7% to 41%. 👉On top of that, trust in Zelensky fell from 72% to under 48%
You can add Prague to the list of countries around the world making new highs.
There are more and more countries making new highs, not fewer. A broadening bull market is a positive development. Source: J-C Parets
We have seen some positive correlation between bond yields and stocks recently.
Adding long-dated US Treasuries as a portfolio hedge now makes more sense. Source: Bloomberg, Barclays
JUST IN: Over $330,000,000,000 added to the cryptocurrency market in the past 4 hours.
Source: www.zerohedge.com
Some shorts might get hurt today
Source: www.zerohedge.com
