16 Jul 2024
A visual overview of the world's 10 largest public semi conductor companies' market caps:
$NVDA $TSM $AVGO $ASML $TXN $ARM $AMAT $QCOM $AMD Source: Quartr
16 Jul 2024
🚨 Chinese Existing Home Prices declined by 7.9% year-over-year last month, the largest decline in history!
Source: Bloomberg
15 Jul 2024
Monetary policy monetization => 27 of 34 global central banks, or 80% are expected to ease their monetary policy by the end of 2024, the highest since 2021.
By comparison, in July 2023 just 10% of central banks were expected to cut rates. Currently, 42% of central banks have been easing monetary policy. Canada and the European Central Bank were the latest to cut interest rates in June. Meanwhile, the market is pricing the first Fed rate cut in September and a total of 2 cuts this year. Source: The Kobeissi Letter, BofA
15 Jul 2024
The market is increasingly becoming more driven by earnings than multiples.
Source: BofA, Mike Zaccardi
15 Jul 2024
Trump Media shares $DJT surge 50% in premarket trading after assassination attempt
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15 Jul 2024
As we get into the heat of EPS season...
DB notes that more companies have been beating and by a larger amount in recent quarters. If this continues, it is tough to bet against this market... Source: Deutsche Bank, RBC
15 Jul 2024
US 2s/30s yield spread briefly turns positive for 1st time since January
Source: HolgerZ, Bloomberg
15 Jul 2024
Inflows to US large cap funds on pace for 2nd largest on record.
Source: Flow Show, TME
