What happened to the Titanic now seems very clear...
Source: @AutismCapital on X
The S&P 500 has gained over $10 trillion in value this year.
Source: Brew Markets
BREAKING: S&P 500 buybacks jumped 35% in Q2 2024 to $236 billion, near the all-time record.
Furthermore, a massive 52% of stock repurchases were conducted by the index's top 20 firms. This compares to a long-term average of 48% and pre-pandemic average of 45%. Apple, $AAPL, Alphabet, $GOOGL, Meta, $META, and Nvidia, $NVDA ALONE back $63 billion of stock. The Information Technology sector saw $68 billion of repurchases while Financials and Communication Services saw $45 billion and $35 billion, respectively. Buybacks are fueling the stock market rally. Source: The Kobeissi Letter
Speculative growth stocks relative higher quality growth are breaking out
Source: J-C Parets
Options traders are betting 10-Year Treasury Yields could rise as high as 4.9% in the coming months
Source: Barchart, Bloomberg
No one can predict the future so just S&P 500 and chill...
Source: Dividend Talks on YouTube
GDP growth does not always correlate with earnings and equities performance
Source: Michel A.Arouet
Total unsold US (single family) new homes for sale now at its highest level since...December 2007.
The increase in unsold homes takes place as housing affordability is near all-time low (mortgage rates AND prices are too high). A few remarks though: -There is a lack of inventory in some states while in other states inventory is building up due to population loss. - The chart is NOT normalized by population. The US population is about twice that compared to 1960. If you normalize the number from today compared to 1960, they might actually be the same. Source: Don Johnson @DonMiami3
