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S&P 500 Index Trying to Post a New High
The S&P 500 Index (SPX) has been attempting for several days to break the resistance zone between 5640-5670. The market needs to break through this level to confirm the bullish trend. Keep an eye on it. Source: Bloomberg
World's 10 biggest companies in 2024 vs. 2009
Source: Yahoo Finance
Now that the Fed has given the "all clear" for cuts, the global easing cycle that is likely to gather force
Between 50 - 100 bps in cuts are priced for most central banks across advanced economies for this year alone. Source: Robin Brooks
The sp500 is up 18.1% in the first 163 trading days of 2024, the 18th best start to a year going back to 1928 and 2nd best start to a presidential election year ever. $SPX
Source: Charlie Bilello
Will the share buyback effect soon fade?
Since 2000, Share Buybacks have comprised ~100% of net equity purchases. Such has been a huge support for higher asset prices. That is all fine until you run out of cash to execute buybacks. Source: h/t @ISABELNET_SA, BofA, Lance Roberts
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