China names healthcare, education, tech as likely venues for more foreign investment
Source: South China Morning Post
L'Oreal Starting to Rebound on Major Support
L'Oreal has tested the major support zone of 372-390 over the last three weeks and has started to break out to the upside from that zone! The trend remains bullish. Source: Bloomberg
Goldman Sach's Head of Global Markets Scott Rubner believes the "pain trade" for US stocks is higher
Source: Bloomberg
Stock buyback tax would quadruple under Democrats' plan
Source: MarketWatch
Nvidia eyes return to record as AI spending bonanza continues
Source: Bloomberg
The U.S. economy is now almost entirely driven by the services sector
The services industry now accounts for ~72% of US GDP, up from ~60% in 1990. By comparison, in the 1950s, services reflected just 47% of the US economy. On the other hand, the manufacturing sector's share in US GDP has declined from ~27% in the 1950s to ~10% currently. Meanwhile, the ISM Manufacturing PMI index has shrunk in 20 of the last 21 months, marking 22 months without two consecutive readings of an expansion, the longest streak since the 1990s. Services are keeping the US economy alive. Source: The Kobeissi Letter, BofA
EBITDA is NOT Free Cash Flow
Source: Brian Feroldi
Top 10 biggest companies in 2024 vs. 2009: What a difference 15 years can make...
Source: Stocktwits, Yahoo Finance
