25 Jan 2024
Average 3-month ATM implied volatility (max/min range since 2008)
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25 Jan 2024
'The Nasdaq 100 valuation has disconnected from real rates.'
Source: The Daily Shot, Win Smart
25 Jan 2024
Depressed China
China as % of global net exposure is at the lowest levels in "modern times". Source: Goldman Sachs, TME
25 Jan 2024
Mega Cap Tech stocks are approaching an all-time valuation relative to commodities that was last seen during the Dot Com Bubble
Source: Bloomberg, Barchart
25 Jan 2024
There are now 7 comps in the Trillion Dollar Club again. Meta has passed the $1tn mark, and Microsoft is now worth $3tn for the 1st time ever
Note that saudi aramco is the only non-US one Source: Holger Z, Bloomberg
25 Jan 2024
Germany's Dax closed at fresh all-time-high just as hedge fund Qube built a $1bn short bet against top German stocks
Volkswagen, Deutsche Bank, Rheinmetall, Siemens Energy, Hellofresh, and Morphosys are among those being wagered against. Source: Bloomberg
25 Jan 2024
Tesla $TSLA dumped in after hours after reporting an earnings miss
Tesla shares drop 6% on weak auto revenue, warning of slower growth in 2024 Tesla reported revenue growth of 3% in the fourth quarter, trailing estimates. Auto revenue increased just 1% from a year earlier. Vehicle volume growth in 2024 “may be notably lower” than last year’s growth rate, the company warned. Source: barchart
25 Jan 2024
Mega Cap Tech Stocks are now outperforming small-cap stocks by the largest margin since the peak of the Dot Com bubble
Source: Barchart
