🚨 February numbers are in and the Mag 7 are now the 𝗙𝗮𝗻𝘁𝗮𝘀𝘁𝗶𝗰 𝟰 year to date
Nvidia , Meta , Microsoft and Amazon driving all the gains while Apple , Google and Tesla fall out of the 7. Source: John Haslett, CA(SA), FRM
Gold (XAU) is trying to break resistance
Gold (XAU) is breaking resistance 2062. This would end December consolidation. Keep an eye at the closing price. Source : Bloomberg
Crude Oil WTI trying to break key level
Crude Oil is on key resistance level 79.71 ! Since December it has tried several times to break but this time the trend is to the upside. Keep an eye. Source : Bloomberg
One billion obese in the world according to a large study published today by British medical journal The Lancet
The study showed an acceleration of the epidemic in low-income countries. Even more worrying, in 30 years, the obesity rate among children and adolescents has quadrupled and doubled among adults. NovoNordisk and Eli Lilly the two main pharma companies in the weight loss race
Déjà vu ?
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Active Funds are underweight all of the S&P 500's largest 10 stocks except for Alphabet $GOOGL. The underweights are most likely driven by diversification / regulatory rules
Source: Bloomberg
New York Community Bank $NYCB crashed 20% in after hours trading citing "material weakness in internal controls."
The weakness is reportedly related to loan review resulting from ineffective oversight and risk assessment. NYCB is the same bank that acquired the collapse Signature Bank during the regional bank crisis. This comes just weeks after the bank posted an unexpected $260 million loss in Q4 2023. The stock is now at its lowest level since 1997. Source: The Kobeissi Letter
BREAKING >>> SNB Chairman Thomas Jordan to step down at the end of September 2024
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