Straight from the Desk
Syz the moment
Live feeds, charts, breaking stories, all day long.
- All
- us
- equities
- Food for Thoughts
- macro
- Bonds
- Central banks
- Asia
- sp500
- markets
- investing
- technical analysis
- bitcoin
- inflation
- interest-rates
- europe
- Crypto
- Commodities
- ETF
- tech
- AI
- nvidia
- performance
- earnings
- Forex
- geopolitics
- gold
- Real Estate
- oil
- bank
- apple
- nasdaq
- Volatility
- Alternatives
- emerging-markets
- energy
- magnificent-7
- switzerland
- sentiment
- tesla
- trading
- ESG
- Money Market
- France
- Middle East
- UK
- assetmanagement
- meta
- russia
- bankruptcy
- Turkey
- amazon
- ethereum
- FederalReserve
- Industrial-production
- microsoft
- africa
- Healthcare
- Market Outlook
- brics
- Focus
BREAKING: The S&P 500 has just hit its 23rd all time high this year and is now up 29% since October 2023
This means that the S&P 500 has officially added $10 TRILLION in market cap since its October 2023 low. The index is now up 11.5% in 2024 even as a total of four interest rate cuts have been priced-out since January. We are on track to see the most all time highs in a year since 2021. Over the last 12 years, the S&P 500 has hit 370 all-time highs, which is more than any 12-year period in history. $SPX Source: Charlie Bilello, The Kobeissi Letter
A new study by the University of Arkansas pitted 151 humans against ChatGPT-4 in three tests designed to measure divergent thinking, which is considered to be an indicator of creative thought
Not a single human won. Source: Jeremiah Owyang
The issue with europe:
1) Over-regulation; 2) Too much bureaucracy: 3) Lack of hashtag#innovation. As shown below, Tech champions are lacking. Source: Bloomberg
New York City now has 349,500 millionaires, more than any city in the world
Over the last decade, the number of millionaires in NYC has risen by a massive 48%. At the same time, in The Bay Area, the number of people with a seven-figure net worth has risen 82% to 305,700, the second-highest worldwide. This surge has been driven by a massive rally in financial markets and real estate prices. Meanwhile, 78% of Americans live paycheck to paycheck, according to the latest Payroll-org survey. The rich are getting richer at the fastest pace ever. Source: The Kobeissi Letter, Bloomberg
Are investors too complacent?
May Fund Manager Survey (FMS) sentiment is at the most bullish level since Nov’21, BofA says. The average cash level of FMS investors fell to 4.0% of AUM from 4.2%, the lowest level since Jun’21. Source: BofA, HolgerZ
Investing with intelligence
Our latest research, commentary and market outlooks