Should we be scared ?
source : mad money, Mayhem4Markets
A little History in a Chart.
Green=Bull Markets 🐂 Red=Bear Markets 🐻 source : bespoke
Nvidia CEO Jensen Huang drew this graphic showing Nvidia's journey from 1964 to today
source : stockmktnewz
Here's the S&P 500 stocks that bought back the most shares in Q4 2023
1 Apple $AAPL: $22.7B 2 Google $GOOGL: $16.2B 3 Raytheon $RTX: $10.3B 4 General Motors $GM: $10B 5 Broadcom $AVGO: $8.3B 6 Facebook $META: $8.2B 7 Exxon Mobil $XOM: $4.7B 8 Microsoft $MSFT: $4b 9 Visa $V: $3.8B 10 Comcast $CMCSA $3.5B source : StockMKTNewz
Remember when unprofitable tech was all the rage in 2021?
It never really recovered. All the money went into the Mag7 stocks instead, and to a lesser extent profitable NASDAQ companies. Chart: TS Lombard thru Markets & Mayhem
Saudi Aramco CEO Amin Nasser said the current energy transition strategy is failing.
The world should give up on the idea of phasing out oil and gas, Nasser said. The CEO called for a reset of the strategy that focuses on reducing emissions, not phasing out oil and gas. “In the real world, the current transition strategy is visibly failing on most fronts as it collides with five hard realities,” Nasser said during a panel interview at the CERAWeek by S&P Global energy conference in Houston, Texas. “A transition strategy reset is urgently needed and my proposal is this: We should abandon the fantasy of phasing out oil and gas and instead invest in them adequately reflecting realistic demand assumptions,” the CEO said to applause from the audience. Source: CNBC
BREAKING - Bank of Japan raises rates to policy range of 0% to 0.1%, the first such rate hike in over a decade 💹 and scraps yield curve control.
The central bank will also stop buying ETFs and phase out buying of corporate debt. 2 key points: 1) That was completely in line with my preview 2) The tone was dovish as the boJ will continue JGB purchases at approximately the same amount as before. It pledged to gradually reduce its purchases of commercial paper and corporate bonds, with the aim of stopping this practice in about a year. Market reaction >>> The Japanese yen weakened to as much as 149.92 against the greenback, while the Nikkei stock index swung between gains and losses following the BOJ decision. Yields on the 10-year and 30-year JGBs dipped. Source: Bloomberg
Dassault Systemes breaking swing support ?
Dassault Systemes (DSY FP) remains under pressure since last earnings release end January. It's now trading below swing support 41.45. Keep an eye at the closing. Next support level is 38.96 - 39.25. Source : Bloomberg
