Warren Buffett has been a net seller of stocks for 9 consecutive quarters now…
(h/t @zerohedge)
While equities took a beating Friday, bonds quietly broke out—closing above 5 months of trendzone resistance.
Right into PCE week… Interesting. $TLT Source: Trend Spider
DAX Futures Gain With Euro in Asia After German Vote Outcome
Bloomberg, C.Barraud
German elections: the polls were spot on; no shocks, no surprises.
What does this mean for the new coalition government (most likely between CDU/CSU and SPD). Here is a handy primer from Deutsche Bank. Source: zerohedge, DB
⚠️Retail investors are buying US stocks at the fastest pace on RECORD.
Mom-and-pop investors flows into technology stocks have more than DOUBLED in just a few weeks. Institutional investors selling to retail as they chase stocks at record valuations. Meanwhile, individual investors have UNDERperformed the market for 3 years in a row. Source: Global Markets Investor, Goldman Sachs
Musk’s Companies Set to Add $613 Billion in Value Since Election
First Tesla Inc. surged. Then SpaceX became the world’s most valuable tech startup and xAI nearly doubled its valuation before looking to do it again. Now, X is looking to join Elon Musk’s other companies in leveraging the billionaire’s unprecedented political power. If the social-media company succeeds in its quest to raise money from investors at a $44 billion valuation, it will lift the cloud that has hung over it since Musk paid that much for it in 2022. It would also boost his wealth by about $20 billion, another lift for the world’s richest person. His companies have gained a combined $613 billion in value since the election assuming anticipated funding rounds go as planned, according to data compiled by Bloomberg. Even after retreating from an all-time high in December, Tesla is still worth nearly $400 billion more than it was the day before the election. Meanwhile, a flurry of new funding rounds for Musk’s private companies, including X, SpaceX and xAI, will add over $220 billion in combined value if investments in X and xAI close at the reported size. Musk’s net worth — $397.1 billion as of Tuesday’s close — is up more than 50% since the election, according to the Bloomberg Billionaires Index. If all the funding rounds close as planned, he’d be worth over $420 billion.
Call options volume on the volatility index, VIX, jumped above 1 million contracts on Tuesday for the 6th time this year.
Source : bloomberg
⚠️Is cash trash in this market?
US equity mutual funds cash as a percentage of total assets hit a RECORD LOW of 1.3%. Cash levels are even lower than in early 2022 when the bear market started. There is not much powder left to put into stocks anymore. Source: Global Markets Investor
