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
Big gold buying lately
From BofA, @ISABELNET_SA thru Mike Zaccardi, CFA, CMT, MBA
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
What are the most under-owned and over-owned large-caps stocks in portfolios?
"Of the large cap stocks we evaluate, MSFT, NVDA, AAPL, AMZN, and GOOGL are currently the most under owned in actively managed portfolios vs. the S&P 500, while INTU, CRM, ADBE and QCOM are the most over-owned." - MS Woodring. Source: Daily Chartbook, MS
Gains from the panic lows 3 weeks ago...
Nvidia $NVDA: +43% Bitcoin $BTC: +30% Nikkei 225 $NIKK: +23% Tesla $TSLA: +21% Meta $META: +17% Netflix $NFLX: +17% Amazon $AMZN: +17% Apple $AAPL: +16% Nasdaq 100 $QQQ: +13% Russell 2000 $IWM: +12% S&P 500 $SPY: +10% Microsoft $MSFT: +8% Google $GOOGL: +7% Source: Charlie Bilello
The top 10 largest stocks in the world are now worth a combined $19.48 Trillion up from $19.32T last week
Source: Evan
Eye-opening chart, standard of living in Poland is catching up with Japan within just one generation...
Source: Michel A.Arouet
