Extraordinary 3.5 years 🚀
With nearly a century of market history as the backdrop, the S&P 500's surge since late 2022 stands out as one of the more extraordinary rallies in modern market history. Source: The Market Ear
Are France, Italy & Belgium heading into a debt crisis ???
Government interest expenditures (as a & of GDP) is forecasted to explode in the coming years. There are only two options left for them: 1. They cut spending and implement business friendly pro-growth policies 2. They will face a debt crisis. The first Euro crisis was about hundreds of billions, the next one will be about trillions Which one will it be? Source: Michel A.Arouet
Inside $QQQM, Invesco's take on the Nasdaq-100
It holds around 100 of the largest nonfinancial companies listed on the Nasdaq, tilted heavily toward tech and growth names. $NVDA: 7.6% - designs the GPUs powering AI and gaming $AAPL: 7.3% - makes the iPhone, Mac, and a growing services business $GOOG/$GOOGL: 6.5% - runs Google Search, YouTube, and Google Cloud $MU: 4.9% - builds memory and storage chips for computers and data centers $MSFT: 4.7% - sells Windows, Office, and Azure cloud services $AMZN: 4.2% - runs the largest US online store plus AWS cloud $AMD: 3.8% - makes processors and graphics chips for PCs and servers $TSLA: 3.2% - builds electric vehicles and energy storage systems Source: ETF Investments
Token spending index rolling over again, down to 2.5 month low
Source: zerohedge
🚨 Markets sold off in the market as US Central Command forces have begun a series of powerful strikes on Iran in retaliation for Iranian attacks on commercial vessels in the Strait of Hormuz.
The US military called Iran's hostility "unjustified, perilous, and a clear breach of ceasefire." Iranian state media reports seven explosions in Sirik. $1 TRILLION was wiped out from stocks, precious metals, and crypto within 30 minutes after the US announced it was revoking Iran's oil export license Gold dumped -1.33% Silver dumped -2.67% Nasdaq dumped -1.87% S&P 500 dumped -0.46% Oil jumped 5% Source: Bull Theory Crypto is down $27 billion.
In case you missed it... France's 10y risk spread over Germany slightly rises as Le Pen cleared to run in 2027 French Presidential Election race.
Source: HolgerZ, Bloomberg
Fund Managers are now sitting on the lowest cash allocation in history 🚨
Source: BofA
Foreign funds have now pulled $100B from Korean local stocks this year
Source: David Ingles @DavidInglesTV Bloomberg
