The equal-weighted SP500 relative to the S&P 500 index has dropped to its lowest level since March 2009.
This year, the S&P 500 has gained ~10% while the equal-weighted index rallied just 3%. At the same time, Magnificent 7 stocks have rallied over 50%. Since the ratio peaked in February 2023, the S&P 500 is up ~29% compared to a 7% gain of the equal-weighted index. Meanwhile, the top 10% of US stocks now account for ~75% of the S&P 500, the most since the 1930s’. The market has never been driven by so few names. Source: The Kobeissi Letter
Penny stock trading is booming.
Seven of the top 10 most traded US equities in May are penny stocks worth less than $1. None are profitable Source: FT, Gunjan Banerji
Warren Buffett's Berkshire Hathaway owns 3% of the entire Treasury Bill market according to JP Morgan
Source: Barchart
Japan currently owns the highest share of public debt outstanding.
They will most likely move even higher... and everybody else will follow. There is no other option left. This chart also means there is still a lot of firepower for the Fed to keep treasuries interest rates under control if needed. Source: Michel A.Arouet
Hedge funds are betting big against Bitcoin in the futures markets, possibly looking to profit from elevated funding rates, as the most valuable cryptocurrency continues to trade sideways.
Funds have built up record short positions in Bitcoin futures, according to data shared by zerohedge.
5 famous laws
Source: Reads with Ravi
90 years of bull & bear markets:
Source: Invest In Assets 📈
Money Rules
Source: @moneyinspiring
