Equal weight S&P 500 (ETF $RSP) is considerably cheaper than the market cap weighted ETF, just as we may see earnings growth broaden out to a wider swath of companies.
Does that spell opportunity? Source: Markets & Mayhem, GS
Is Treasury market liquidity becoming a major problem?
Source: Game of Trades
Nvidia $NVDA coming in for its first test of the 50D moving average since early May
Source: Barchart
Uber long road to profitability...
In 2019, The Economist wondered aloud whether Uber would ever be profitable. The classic refrain from the company and its investors was that at a certain scale, it would be. It first had to get big enough and outlast enough of its competition. As it turns out, they were pretty much right. Last year, Uber had its first annual profit, and recent quarters have also been solidly in the black, with investors expecting another profitable quarter to be announced on August 6th. The company’s main rival still hasn't quite reached that scale. Lyft has narrowed its losses significantly, but is still in the red. Source; Chartr
Adjusting for inflation, the Japanese Yen is at its weakest point in 57 years 🚨
Source: Barchart, Bloomberg
Highest Wall Street price targets for the Mag 7
source: Evan on X
France’s Interior Minister Gerald Darmanin said the minimum wage could be increased, opening the door to a key proposal of the leftist bloc
Raising the floor on the basic wage known as the SMIC by around €200 ($217.64) to €1,600 a month net is a core proposal of the New Popular Front, which won the largest share of seats in a snap election two weeks ago, but not enough to govern alone. Source; Bloomberg
The end of complacency? Fear Index Vix has jumped 32.6% last week, the biggest weekly increase since March 2023.
But at 16.5, the Vix level is still below the long-term average of 19.8. And remember that during election years, volatility tends to increase by 25% between July and November... Source: HolgerZ, Bloomberg
