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The S&P 500 4-year Presidential cycle
The 3rd year (pre-election) is historically the best one. The trend is more important than the level. Source: Thomas Callum, All-Star-Charts
US Services Gauge Shrinks Unexpectedly in Worst Slide Since 2020
Source: Bloomberg
US equities: New highs > new lows last week for first time since August and only 3rd time since Nov 2021.
NYSE + Nasdaq New highs & lows (as a % of issues traded) Willie Delwiche, All Star Charts Plus
Michael Saylor Bitcoin strategy
Michael Saylor, CEO of Microstrategy, shows that his strategy of accumulating bitcoin (using Microstrategy Treasury money) since August 2020 is still doing better than investing in any other asset classes.
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