12 Aug 2024
After posting its worst and best day in over a year, the S&P 500 just closed the week down 2 POINTS.
That's a 0.04% decline in a week when the $VIX hit 65... Source: The Kobeissi Letter, Bloomberg
12 Aug 2024
Value of U.S. Housing Market hits all-time high of $49.6 Trillion
Source: Barchart
12 Aug 2024
BREAKING: For the first time ever, Kamala Harris is leading Donald Trump in Polymarket's 2024 election odds.
At one point, prediction markets saw a 10+ percentage point lead by Donald Trump. Source: The Kobeissi Letter
12 Aug 2024
The % of Bulls in the Investors Intelligence Sentiment Index moved down over 17% in the past 2 weeks (from 64.2% to 46.9%)
That's the biggest 2-week % drop in Bulls since the October 1987 crash. Source: Charlie Bilello
12 Aug 2024
This chart suggests that liquidity from the yen carrytrade has flowed into the Mag7
Source: Bloomberg, HolgerZ
12 Aug 2024
"You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time." — Charlie Munger
Source: Investment Wisdom
12 Aug 2024
Equities tend to perform well after the Fed cutting cycle starts, unless growth is weak
Source: Goldman Sachs, Mike Z.
12 Aug 2024
There is no free lunch in finance
Funds designed to protect investors from volatility failed to protect investors during periods of high volatility Source: FT, Barchart
