Six weeks into 2024, the bond market is struggling ... again.
YTD total return (through Feb 16) of the Bloomberg Agg Bond Index is -2.04% (blue line). Only 1980, 2018, and 2022 had a worse start. (Data started in 1976, so this is the 49th year of data). Source: Jim Bianco, Bianco Research
This chart vividly shows the pronounced overvaluation of US equities versus the rest of the world.
It's important to emphasize that price-to-book is just one metric for comparison. Source: Bloomberg, Tavi Costa
Mag 8: Could Eli Lilly $LLY be the first trillion dollar pharma stock?
$LLY price performance has significantly outpaced the Mag 7 YTD. Source: Factset, TME
Is this time different?
Source: Markets & Mayhem, BofA
Storytelling is a powerful tool in presentations.
It connects ideas to emotions, making lessons memorable. Source: agrassoblog.org
10 Golden rules for investing by Peter Lynch
Source: Compounding Quality, Pieter Slegers
BREAKING 🚨: Black Swan ETFs
Black Swan ETFs have plunged 99% after doomsday dream scenario fails to play out Source: Barchart, Bloomberg
Invest In Assets | Stock Market Investing
If the business model is not right, the long-term returns won't be superior. You might have a temporary great management team that delivers superior results. However, in the long term, the returns will equate to the potential of the underlying business model. Source: Invest in Assets
