The S&P 500's Dividend Yield has moved down to 1.27%, tied with Q4 2021 for the lowest yield since 2000.
Source: Charlie Bilello
Here's a crazy stat on this Chinese equity rally.
A momentum gauge of the Hang Seng Index just hit the highest level in 50 years. The % of members signalling overbought conditions is at a record. Source: Bloomberg, David Ingles
Michael Burry has had a sensational 2024 so far.
His fund is up 39%. Over the last 8 years he has also managed to provide returns of 345% compared to 110% for the S&P 500...! He only holds 10 companies. Source: @MMMTwealth
Financial statement red flags.
Nice summary by @safalniveshak thru Brian Feroldi
😱 The shocking chart of the day: US PUBLIC DEBT GROWTH HAS BEEN MASSIVE 😱
In 2008, the US federal debt was $9.4 trillion while the US GDP was $14.7T with the debt-to-GDP ratio at 64%. Now, the public debt is $35.7 TRILLION (Total US debt added another $345 billion between Sept 27 and October 1st...) and the US GDP is $29.0 TRILLION with the debt-to-GDP ratio at 122%... What is the pain thresold for the bond market ??? Source: Global Markets Investor, FRED
🚨42% OF US SMALL-CAP COMPANIES ARE UNPROFITABLE🚨
This is in line with the 2009 Great Financial Crisis levels. Notably, the share was higher only in 2020 and 2021. Russell 2000 firms also have $832 billion of debt. More rate cuts may help these zombie companies to stay alive. Source: Apollo, Global Markets Investor
NEARLY 200 MISSILES WERE LAUNCHED INTO ISRAEL FROM IRAN, ISRAELI ARMY RADIO SAYS
ISRAELI OFFICIAL SAYS RESPONSE TOWARDS IRAN ‘WILL BE HARSH’: KANN Bomb alarm sirens across the entire country (map). Oil spikes +4% Gold +1% VIX skyrockets +20% S&P 500 down 0.9% Source: Global Markets Investor on X
Happy Q4...
sp500 heatmap October 1st Source: @bremarkets on X
