There are now 9 US companies with a market cap above $1 trillion:
Microsoft, Nvidia, Apple, Amazon, Google, Meta, Tesla, Broadcom, and Berkshire Hathaway. A decade ago, Apple was the largest company in the US with a market cap of $750 Billion. Source: Charlie Bilello
⚠️US consumers are struggling: More than 50% of US consumers are not able to cover a $2,000 emergency expense using only savings.
Nearly one-third cannot cover $500, according to the Fed survey released Wednesday. Most Americans have no savings. Source: Bloombrg, Global Markets Investor
The Economist: The solar+battery model is working.
California gets 75% of its power from solar midday. Batteries now kick in for 30% at night. Battery capacity jumped 32x since 2018. Source: @jason on X
Buying a Tesla is becoming more and more affordable with each passing month.
The average price of a used Tesla has moved down to a record low of $28,662. That's 58% below the peak price from July 2022. $TSLA Source: Charlie Bilello
Hermès just surpassed LVMH to become the world's largest luxury company.
"We're about craft, we're not machines" Source: Finchat
The Evolution of Trading
Source: Barchart
LVMH is now down 46.6% from all-time highs.
That's the company's largest drawdown in more than 15 years. $LVMH Source: Finchat
Post-election years tend to be weak early, then bottom in early April. ✔
Then they tend to rally hard in late April and May. ✔ Is this year really that abnormal? Especially when coming off back-to-back 20% gains? Maybe not Source: Carson, Ryan Detrick
