Nvidia vs US energy sector...
At $2.6 trillion, Nvidia's market cap is now over $900 billion higher than all of the companies in the S&P 500 Energy sector ... combined. The net income of the Energy sector is $128 billion vs. $43 billion for Nvidia. $NVDA $XLE Source: Charlie Bilello
Deckers Outdoor acquired the Hoka brand roughly a decade ago.
At the time, Hoka’s annual sales were around $3 million. In the past year, sales topped $1.8 billion. And since the acquisition, Decker’s stock has risen by more than 2,000%... (btw I love these shoes !!!) Source: Jon Erlichman
$RSP (S&P Equal-weight) vs. $SPX (S&P 500) just broke key support level
Source: Ian McMillan
Hedge funds build largest long Gold position in more than 4 years
Source: Barchart
BREAKING 🚨: Argentina
Argentina's Peso has plummeted to an an all-time low against the U.S. Dollar on the Black Market (which is where Argentinians go to convert to USD) Source: FT, Barchart
2024 Global Equity Returns...
Source: Charlie Bilello
Starwood Capital limits investor redemptions by up to 80% in its 10 Billion Property Fund...
Source: FT, Barchart
The lesson from Japan:
If you don't get your debt under control, you have to use your central bank to cap yields to avoid a debt crisis, causing big Yen devaluation. If the Euro zone doesn't find a way to bring high periphery debt levels down, the Euro will follow the same path. Source: Robin Brooks
