Breaking out to new highs.
Like the sell-off never even happened. $SPY | $QQQ Source: Trend Spider
The most-hated rally ever ??
A record 91% of fund managers say U.S. stocks are overvalued (BofA fund manager survey). Meanwhile, the S&P 500 index continues on its V-shaped recovery track and remains in the running for the fastest and strongest recovery ever following a 20% drawdown ‼️ Source: Fidelity
The S&P 500 closed at another all-time high, its 16th of the year.
This follows 57 all-time high in 2024, the 5th most of any year in history. $SPX Source: Charlie Bilello
The US president said he was nominating the 'Highly Respected Economist' EJ Antoni from the right wing Heritage Foundation to chair the agency
After firing the former commissioner for a gloomy jobs report he claimed was 'rigged' https://on.ft.com/3UkAOWG Source: FT
Out of all the 1,300+ ETFs that launched since the start of 2024 here are the top 20 that have gotten the most inflows
👑 $IBIT - iShares Bitcoin ETF 🥈 $FBTC - Fidelity Wise Origin Bitcoin Fund 🥉 $ETHA - iShares Ethereum ETF 4. $MSTY - Yield Max MSTR Option Income ETF 5. $SMBS - Schwab Mortgage Backed Securities ETF 6. $JMTG - JP Morgan Mortgage Backed Securities ETF 7. $QQQI - NEOS Nasdaq 100 High Income ETF 8. $ULTY - YieldMax Ultra Option Income ETF 9. $SBIL - Simplify Government Money Market ETF 10. $VBIL - Vanguard 0-3 Month Treasury Bill ETF Source: ETF Tracker @TheETFTracker thru @NateGeraci
The world’s leading energy groups are stepping up their hunt for new oil and gas reserves
As slower than expected transition to renewables sets the stage for stronger fossil fuel demand for decades to come. Source: FT
In proportion to population the millionaires exodus from the UK is unprecedented
Main beneficiaries (in proportion of population): UAE, Italy, Switzerland, Singapore, Portugal and Greece Source: Michel A.Arouet
HedgeFunds have now built the largest short position in small cap stock futures in history
Source: barchart
