🚨IS THIS THE BIGGEST CONCENTRATION BUBBLE IN HISTORY?🚨
Magnificent 7 stocks now account for ~32% of the S&P 500, near the all-time high. This share has increased by 10 percentage points in just 1.5 years. This is even 10 percentage pts HIGHER than in the 2000 DOT-COM BUBBLE. Source: LSEG Datastream, Global Markets Investor
Americans make more money than they did at the end of 2019, even after adjusting for unusually high inflation since then.
Source: WSJ, Mike Zaccardi, CFA, CMT, MBA
The former ECB head Mario Draghi said yesterday that unless Europe invests an extra €800BN per year, it is "doomed.
This boost in investment (which equals 5% of GDP), would be more than double the size of the Marshall Plan. In other words, Europe is about to unleash a historic orgy of debt and spending... It would most likely raises taxes (and inflation?) This announcement hits its wall of opposition in Germany, irrespective of warning that it’s the only way to make EU more competitive w/China & US. “That can be summarized briefly: Germany should pay for others. That can’t be a master plan,” FinMin Lindner said. Source: Bloomberg, HolgerZ
Those calling for a 50 bps rate cut next week should take a look back at January 2001 & September 2007 when the Fed started cutting cycles with a 50 bps move
If the Fed feels the need to go big because of a weakening economy, that's not bullish. Source: Charlie Bilello
BREAKING: Trump has a whopping 27.8% lead over Harris in Nate Silver’s updated electoral college prediction poll.
Trump - 63.8% Harris - 36% NB: The graph shows the chance of winning, not the percentage of the vote !!! Source: Leading Report, Nate Silver
US home price relative to median income is now at the highest level ever seen
Source: Game of Trades
Dassault Systèmes Demand Building Up
Dassault Systèmes has spent 10 weeks in the major support swing zone between 32.23-34.20. On the short-term chart, there are signs of demand building up. Keep an eye on this level. Source: Bloomberg
TotalEnergies Growing Demand
Since April, TotalEnergies has consolidated 17%, and the trend remains bullish. In August, it tested the major support zone between 57.45-58.76 and rebounded. We are now seeing growing demand at the 60 level. Keep an eye on this development. Source: Bloomberg
