Long-Dated Treasuries have officially entered a bull market after $TLT surged higher by more than 20% from the 16-year low it hit on October 23
Source: Barchart
Bottom? Will the Turmoil In Used Rolex and Patek Market End After Fed's Pivot?
Extract from a zerohedge article: The secondary market for pre-owned Rolex and Patek Philippe watches has been spiraling down since peaking in early 2022, mainly because the Federal Reserve ended helicopter-dropping trillions of dollars in stimulus checks and was forced to begin the most aggressive interest rate hiking cycle in a generation to curb inflation. Now, the Fed's bizarre, unexpected pivot this week has spurred hope that a bottom nears for the luxury watch market. Bloomberg spoke with Christy Davis, a co-founder of Subdial, a UK-based secondary watch market dealer and trading platform, who believes the turmoil in the secondary luxury watch market is ending. "As we look toward 2024, the potential for a soft landing of stable and eventually declining rates is reason for optimism in the watch market," Davis said. Source: www.zerohedge.com
Markets are full risk-on since November 9th
The Nasdaq 100 and the S&P 500 have underperformed the equal weighted indices. They got beat up pretty badly by the Russell 2000 and have been left in the dust by Regional Banks and $ARKK (Ark Invest Innovation ETF). Source: Peter Tchir of Academy Securities
There is significant dry powder on the side line...
In 2023, we saw very limited US equity inflows vs. $1.4 trillion in money market inflows. If the gap starts to close for real now and gains momentum in 2024 it is needless to say a very good support for equities. Source: Goldman
The Magnificent 7 have a higher weighting in the MSCI World Index than all of the stocks in the UK, China, France and Japan combined
Source: MSCI AllSpring Global Investments
The average market strategist's 2024E S&P 500 target is 4837 with EPS of $237 for a return of 2.5% (excluding dividends) and a P/E of 20.4
Source: Julian Klymochko
Gen Z’s Favorite Brands in 2023 by Visual Capitalist
People have a lot of choice when it comes to shopping brands, but Gen Z’s favorite brands may surprise you.
No one is thinking about you as much as you think
Stop comparing yourself to others, don’t worry about what other people think and focus on your goals. Source: Peter Mallouk
