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2 Aug 2023

Debt Tsunami Begins: US To Sell $1 Trillion In Debt This Quarter, 2nd Highest In History, As Budget Deficit Explod

The $1.007 trillion in upcoming marketable borrowing is the second highest on record; only the $2.753 trillion in Q2 2020 surpasses it. Source: www.zerohedge.com, US Treasury

2 Aug 2023

The Citi US Economic Surprise Index is at the highest levels since early 2021.

Source: Bloomberg

2 Aug 2023

US housing -> Lots of US Homeowners Want to Move. They Just Have Nowhere to Go

Locked into cheaper borrowing costs and unable to find a new place that fits their budgets, countless people are opting to remain in their current homes, adding to an acute shortage of available properties Source: Bloomberg

2 Aug 2023

The top 10 stocks in the S&P 500 now account for a record 31% of the ENTIRE index

Just 8 years ago, the top 10 stocks accounted for 17% of the index. A few stocks continue to drive the entire market. Source: The Kobeissi Letter

2 Aug 2023

Bonds are looking the most attractive vs stocks in decades, according to one metric

The gap between the earnings yield of the S&P 500 and the yield on the 10-year Treasuries dropped to around 1.1 percentage point last week, its narrowest since 2002. Source: Lisa Abramowicz

2 Aug 2023

2023 has been so far the mirror image of 2022 in terms of #assets returns 2022/2023/2022-23 Combined Total Returns...

$NVDA: -50%/+220%/+59% $AAPL: -26%/+52%/+12% $MSFT: -28%/+41%/+1% $SPY: -18%/+21%/-1% $QQQ: -33%/+45%/-3% $META: -64%/+165%/-5% $GOOGL: -39%/+50%/-8% $AMZN: -50%/+59%/-20% $TSLA: -65%/+117%/-24% $NFLX: -51%/+49%/-27% Source: Charlie Bilello

2 Aug 2023

August SP500 seasonality

Source: Bloomberg

2 Aug 2023

The Top Performing S&P 500 Sectors Over the Business Cycle

Source: Barchart, Markets in Minute

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