WEB 3.0 QUANTUM COMPUTING COMPANIES (4) are together less than 15B marketcap.
NB: These are not investment recommendations.
Historical asset bubble summary from BofA, including the current Mag7 frothiness.
”History shows only central banks end melt-ups”… Source: BofA, Wasteland Capital
THE ISSUE WITH US HOUSING AFFORDABILITY IN ONE CHART...
Annual income needed to buy a house in the US hit a whopping $109,564, an all-time high. This has DOUBLED in just 4 years... At the same time, median income earned is just $83,431. The difference between the two has NEVER been greater. Source: Global Markets Investor
Apollo made a HUGE call on Sunday:
For the first time since the "Fed pivot" began, Apollo has officially declared inflation back on the rise. They warn of a potential repeat the 1970s as the Fed cuts rates into rising inflation. Apollo says the probability of the Fed RAISING interest rates in 2025 is now rising. Here's why: 👉 First, measures of inflation stickiness are all now well above the Fed's 2% target. In fact, the Atlanta Fed Core Sticky CPI index has leveled off near 4%. ALL major measures of CPI stickiness are now above 3%. 👉 Meanwhile, core CPI has levelled off at 3.3% fore multiple months in a row. This was "fine" because headline CPI was moving in a straight-line to 2% all year. However, as of the latest CPI inflation data, it's now RISING and back to 2.7%. Source: The Kobeissi Letter, Apollo
US stocks now make up 65% of the global equity market, their highest weighting in history.
This is more than 11x bigger than the second largest country by market cap (Japan at 5.5%). Source; Charlie Bilello
🚨 The S&P 500 P/E Ratios Heat Map.
What do you notice? $SPY Source: Jesse Cohen @JesseCohenInv
U.S. now accounts for 52% of the entire G7 GDP, up 10 percentage points since 1980.
Source: Visual Capitalist
French PMI big warning:
The drop in employment was the largest since the pandemic, with the political situation often cited by firms as a reason to be downbeat. Source: Frederic Ducrozet
