Ben Graham's 10 Points that summarize 60 years of Investing experience
Source: MnkeDaniel
Magnificent Seven? How about Magnificent Mondays?
While the S&P 500 is up over 10% YTD, without Mondays it would be fractionally lower. Source: Bespoke
Amazing chart by CrossBorderCapital
Treasuries out, gold in?
The SP500 has now lost $3.5 trillion in value since the Fed removed a recession from their forecast
The Fed marked the exact high in July 2023 with their "no recession" call. Since then, the S&P 500 is down 9% and just hit its lowest level since May 31st. We are also 1% away from entering correction territory just as earnings season begins. Source: The Kobeissi Letter
China’s Nasdaq-Style Index falls to record low:
Star 50 index, which tracks manufacturers, chipmakers & biggest comps on Star Board, falls to lowest since its inception >3yrs ago as investors’ confidence wanes. Set for 6 straight mths of decline. Source: HolgerZ, Bloomberg
As mortgage rates hit 8% for the first time in 23 years, affordability continues to fall off a cliff
The Housing Affordability Index just hit a fresh record low, at ~90. This means that housing affordability is officially down 50% since 2021. Since then peak in 2012, housing affordability is down nearly 70%. Buying a home has become a luxury. Source: The Kobeissi Letter, www.zerohedge.com
Siegfried retesting May 2021 downtrend support
Siegfried (SFZN SW) broke out in May 2023 the 2021 downtrend. It is now retesting the downtrend support. Keep an eye at this key level. Source : Bloomberg
S&P 500 Index back on major support 4195
S&P 500 Index (SPX) is back on major support 4195. Keep an eye to see if it holds. Source : Bloomberg
