🔥US STOCK MARKET DOMINANCE KEEPS GROWING🔥
The American stock market accounts for nearly 50% of global market capitalization. It has reached a MASSIVE $55 trillion, or ~200% of US GDP, the most on record. This is almost TRIPLE the value of the Asian and European exchanges. Source: Global Markets Investor, The Daily Shot
#concentration
Source: The Investing for Beginners Podcast
GS: China ... Better late than never..
A package of policy stimulus spanning across the monetary policy cohort, and the housing and stock markets was announced on Sep 24 Source: Goldman Sachs through Mike Zaccardi, CFA, CMT, MBA
Amazing. The top 0.01% has grown their wealth about six times faster than the bottom 50% since 1976. 💰
Source: Markets & Mayhem, Bloomberg
Trust in most US institutions has withered, according to this polling data from Gallup
Source: Markets & Mayhem, Bloomberg
Investors bought the most amount of Chinese Stocks on Tuesday in 3.5 years 👀
Source. Barchart, Goldman Sachs
Gold is now trading at 40-year extremes relative to its 200D moving average
Source: BofA, Barchart
BREAKING: The Richmond Fed Manufacturing Employment Index plummeted to 21 points in September, its lowest level since April 2009.
The index has been in contraction for the majority of 2024 and even sits below pandemic lows. Furthermore, employment expectations for the next 6 months fell to -12 points, the lowest since April 2020. Overall business conditions are now at their worst since May 2020 and second-worst since 2008. Source: The Kobeissi Letter, Bloomberg
