The biggest money in investing comes from patience and time
Your biggest edge as an individual investor comes from ignoring short-term fluctuations and playing the long game. Source: Peter Mallouk, Charlie Bilello
US average mortgage rates just surged above 7.5% for the first time in 23 years
There are some reasons why US house prices haven’t crashed: 1. Buyers can’t afford the rates; 2. Sellers would be insane to sell a home with a significantly lower rate to buy another at 7.5%. Market is frozen. The economy is currently experiencing a significant tightening of financial conditions, largely driven by the persisting fragility in the Treasury market. The bill will come due at some point. Source: Crescat Capital, The Wolf of All Streets
Nestle on the lower end of the channel
Nestle (NESN SW) is once again testing the lower end of the channel around 104. Will it rebound like the last times ? Source : Bloomberg
Microsoft approaching support 316
Microsoft (MSFT US) continues it's consolidation since mid July. It's now approaching important support level at 316. That level was March 2022 high and May 2023 breakout level. Keep an eye at that level. Source : Bloomberg
S&P 500 Index approaching support zone 4448-4458
S&P 500 Index (SPX) is approaching strong support zone 4'448-4'458. Keep an eye at that level. If that level breaks, next major support is 4'325. Source : Bloomberg
Siemens under pressure
Siemens (SIE GY) is under pressure. Next support zone is 136-138. Keep an eye on this key level. If it breaks, next level is at 126.50. Source : Bloomberg
Berkshire Hathaway breakout ?
Berkshire Hathaway (BRK/B US) has had an incredible 13% rally since last major resistance 319-320 and a 40% rally since the lows in October 2022 ! Stock is now on resistance 362.10. Will it have enough strenght to breakout ? Source : Bloomberg
Reckitt Benckiser back again on major support level
Reckitt Benckiser (RKT LN) is back on a major support zone. 1st support is the March 2020 trend support at 5575. 2nd one is support zone 5400-5500 that has been tested about 10 times. Keep an eye on these major levels. Source : Bloomberg
