20 Jun 2024
Mag7 stocks have added $2.3 trillion in market cap in Q2 so far... while the 493 other stocks in the S&P 500 have lost $720 billion...
Source: www.zerohedge.com, Bloomberg
20 Jun 2024
The market cap-weighted SP500 is outperforming equal weight index by over 10% this year, following 12% outperformance in 2023
Since 1971, we've never seen consecutive years with >10% outperformance. Source: Charlie Bilello
20 Jun 2024
The US has captured one third of all global capital flows since 2020, compared to just 18% before the pandemic
Source: Barchart
20 Jun 2024
$NVDA, the road to $3,000,000,000,000
Great visual by Quartr 👌
20 Jun 2024
As highlighted by Sentiment Trader, market breadth for Nasdaq 100 QQQ is indeed a growing concern
The Nasdaq 100 continues to notch record high after record high. Many of its stocks are not only lagging, but they're falling to monthly, quarterly, or even yearly lows and below their 10-, 50-, and 200-day moving averages. This is not normal. In fact, it's never happened before to this degree. There is a possibility that the average stock will catch up to the index, that is not how things usually pan out. Almost never, in fact. Risk is high in that index.
20 Jun 2024
Quotes
Source: @PsycheWizard
20 Jun 2024
Almost 23 years ago, Standard & Poor's selected Nvidia to replace the departing Enron in the S&P 500 stock index...
Source: Michel A.Arouet
20 Jun 2024
These look like trailing P/Es but the visual emains impressive
Source: Jeff Weniger
