Europe is way behind in Tech 💻
Source: Science Is Strategic, The Economist, Pitchbook #venturecapital
From Mag 7 to... Mag 1
$NVDA is up 122% ytd and contributed to toughly 33% of $SPX gains… Source: Rahul on X
S&P 500 $SPX outperformed Global Stocks this week by the largest margin in 15 months...
Source: Barchart, Bloomberg
#china #macro: Retail sales beat expectations
The strong growth in retail spending is particularly notable given the continued pressure on the property sector, with negative spillovers to household sentiment. It’s probably a relief to a government looking to reset the economy over time. Source: CNBC. Bloomberg, Mohamed El Erian
Only 30% of the SP500 stocks have outperformed the index year-to-date.
This is slightly higher than the 29% that occurred in 2023. Since 1990, a streak of 2 consecutive years with such a low percentage has happened only during the 2000 Dot-com bubble. By comparison, the historic median is 49% which typically implied healthy market breadth. The S&P 500 has rallied 12% year-to-date largely driven by just a few tech stocks. A few stocks are driving the entire market. Source: The Kobeissi Letter, Richard Bernstein Advisors
Probably a feeling shared by many households in developed economies and which (partly) explains the rise of populist parties
Source: Markets & Mayhem
McDonald's menu in 1972
Source: Retro Toys and Cartoons
#winners
Source: Leadership First
