Eurozone CPI slowed less than anticipated in Feb, highlighting stickiness in inflation
Headline inflation eased to 2.6% YoY in Feb, above 2.5% consensus estimate in BBG survey. Core inflation came down by 0.2%-pt to 3.1%, also an upward surprise compared to 2.9% consensus estimate. Source: Bloomberg
Thanks God for tech! Big tech is the only space seeing upward revisions
Source: TME, Barclays
The SP500 has now traded green in both January and February
When that has occurred (data going back to 1950), the $SPX finished the rest of the year higher 27/28 times with the final 10 months being higher 26/28 times. Seems pretty good for Bulls! 🐂 Source: barchart, H/T Ryan Detrick
Wow. If you had invested $5,000 in $NVDA back in 2000 you'd have $4.7M today. 😮
Source: Markets & Mayhem
🚨 February numbers are in and the Mag 7 are now the 𝗙𝗮𝗻𝘁𝗮𝘀𝘁𝗶𝗰 𝟰 year to date
Nvidia , Meta , Microsoft and Amazon driving all the gains while Apple , Google and Tesla fall out of the 7. Source: John Haslett, CA(SA), FRM
Cartoon of the Day by Hedgye:
The Magnificent7 are dropping like flies
Is nivdia $NVDA - cheap?
Via Bear Traps: "NVDA is now trading at a lower multiple than the NDX: fwd P/E is ~29 vs 32x for the NDX. NVDA is expected to grow earnings at 78% y/y for the current year and the Nasdaq 100 EPS growth is an estimated 17%." Source: TME
The World’s Biggest Fashion Companies by Market Cap 👔
Source: Visual Capitalist
