The US stock market is making history:
The SP500 is now on track to outperform global stocks for the 14th year out of the last 15. This is the longest streak in at least 75 years. During this period, the index has rallied 446%, almost DOUBLE the 229% gain of the MSCI World index. This year alone, the S&P 500 has risen 28%, beating global stocks by 6 percentage points. As a result, the US stock market now reflects a record 74% of the MSCI World Index, even surpassing the 1970s. Source: Bloomberg Opinion, The Kobeissi Letter
⚠️MONDAY MARKET WARNING:
There were only 2 times in history when the cost of hedging for a month against S&P 500 drop was lower than now. This means these put options will profit if the SP500 falls by at least 50 points at any time over the next month. Source: Global Markets Investor
Average Daily Options Volume jumps to an all-time high.
Source: Barchart @Barchart
After the suspected United Healthcare CEO shooter Luigi Mangione was captured, "Luigi Coin" jumped +35,000%.
Luigi Coin hit a market cap of $60 MILLION with $100 million+ in volume over the last 24 hours... Source: The Kobeissi Letter
Idexx Laboratories Rebounding Off Major Swing Support Zone
Idexx Laboratories (IDXX US) recently tested the swing support zone between 372-431 and is now rebounding off that level with increasing volume. Source: Bloomberg
BREAKING: Amazon shareholders request the company explores adds Bitcoin to its treasury.
REMINDER: Microsoft shareholders are set to decide on the firm’s Bitcoin investment proposal this Tuesday, December 10. Source: Dennis Porter @Dennis_Porter, Bitcoin Archive @BTC_Archive
Nvidia $NVDA is the best performing S&P 500 stock over the last 5, 10, 15 and 20 years😲
Source: Evan @StockMKTNewz
China consumer inflation rate drops to a five-month low, missing expectations as economy slows. ARE MORE STIMULUS COMING?
China’s consumer prices rose less-than-expected in November, climbing 0.2% from a year ago, according to data from the National Bureau of Statistics released Monday. Analysts polled by Reuters had expected a slight pickup in the consumer price index to 0.5% in November from a year ago, versus 0.3% in October. China’s producer price index declined for the 26th month. Producer inflation fell by 2.5% year on year in November, less than the estimated 2.8% decline as per the Reuters poll. Source: CNBC, Evan
