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1 Dec 2023

November was truly a month of "bad news" being "good news" for stocks...

'Hard' data (red line) hits a 14-month low as S&P 500 surge back near record highs. Source: Bloomberg, www.zerohedge.com

1 Dec 2023

Cathie Wood's Ark innovation ETF $ARKK just had its best month in HISTORY relative to the Nasdaq 100

Source: Barchart, Bloomberg

1 Dec 2023

The Fed's preferred measure of inflation (Core PCE) moved down to 3.5% in October, the lowest since April 2021

The Fed Funds Rate is now 1.8% above Core PCE, the most restrictive monetary policy we've seen since 2007. Source: Charlie Bilello

1 Dec 2023

As highlighted by The Kobeissi Letter, the US housing market is having its historical moment

The US housing market is having its historical moment. Indeed, Real home prices in the US are currently almost 10% MORE expensive than they were in 2008. In fact, real home prices are now 80% ABOVE the 130-year historical average, according to Reventure. This means that even on an inflation adjusted basis, home prices have never been more expensive. Meanwhile, housing supply is 40% below the historical average. All while mortgage demand is at its lowest since 1994 and the median homebuyer now has a $3000/month payment. Source: The Kobeissi Letter, Reventure

1 Dec 2023

As of the end of October, investor's sentiment index was almost at maximum fear

But November turns out to instead be among one of the greatest months in stock market history. Source: J-C Parets

1 Dec 2023

The Payments Value Chain by Quartr

They jave updated our highly appreciated infographic explaining the complex payments layer between consumers and merchants. It illustrates how and where key players such as $V, $MA, $FISV, $ADYEN, $AMZN, and $PYPL fit in. Source: Quartr

1 Dec 2023

Contemporary art beats stocks and Basquiat beats apple

Since 11/84, Jean-Michel Basquiat has been generating higher annualized return than apple... Source: Chartr

1 Dec 2023

Friday Humor

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