Active funds are overweight Momentum factors by ~30% vs. the S&P 500
Source: BofA, Mike Z.
The Mag7 peaked on July 10. Since then it has dropped close to 12%, while smallcaps are up more than 10%.
Quite amazing how the market has been behaving despite the pullback of the "generals" Source: Carson, Ryan Detrick
JUST IN: U.S. National Debt surpasses $35 Trillion for the first time in history
Source: Barchart
A critical week ahead for the Nasdaq 100 QQQ which is sitting at critical trendline support at the time of FOMC meeting + $AAPL $MSFT $AMZN $META earnings...
Source; Trend Spider
Junk bonds closed at an ATH (total return) last week $HYG
Source: Mike Z.
Remember when China had a huge rally in April and May?
Nice chart from @HumbleStudent showing relative strength rolling over again. Source: Ryan Detrick on X
Invest in yourself
Source: Compounding Quality
The difference between the MEDIAN and the MEAN CUMULATIVE returns of US stocks since 1926 is amazing...
As mentioned by @SpencerHakimian on X: "Stock returns are so skewed to the 4% of stocks that are responsible for all equity market returns that have occurred in the past 100 years. Statistically, it is virtually impossible to outperform an index over time since you would have needed to specifically own the tiny percentage of stocks that beat the index, and specifically avoid the vast majority of stocks that underperformed the index. Individual stock picking turns investing from a positive sum game to a negative sum game. Index investing is like being the casino. Individual stock picking is like being the gambler". Source: Baird, Michel A.Arouet
