No buyers left? hedge fund net exposure to magnificent 7 was 12% at the start of the year. It is now 99%...
Source: Goldman Sachs, www.zerohedge.com
There are few assets that can provide meaningful diversification benefit in a portfolio, particularly from a real return / purchasing power standpoint
In an environment where stocks and bonds are so highly correlated, notable to see the low correlation across commodities - Source: Bob Elliott.
Property foreclosure filings have been increasing recently
This is the result of high interest rates resulting in rising mortgage defaults. Source: Game of Trades
Walmart looking for support after earnings
Walmart (WMT US) is down strongly after earnings. Keep an eye at latest swing low support 155. Source : Bloomberg
Siemens breakout on earnings
Siemens (SIE GY) broke out this morning October last swing high at 139.34. It also broke recently the June downtrend after a 28% consolidation. Source : Bloomberg
Apple cash warchest put into perspective
by Linas Beliūnas
President Joe Biden and China’s President Xi Jinping have their first in-person meeting in about a year
This is the first time since 2017 that Xi has stepped foot on American soil. Although the US-China relationship is breaking, experts and U.S. officials caution not to expect markedly improved relations post-meeting. Mrs Yellen might be rather in favor of some kind of cooperation... Source image: Michel A.Arouet
Stoxx 600 Index unable to break resistance
Stoxx 600 Index (SXXP) wasn't able to break 457 resistance. Trend remains in a downtrend for the moment. Keep an eye at that level. Source : Bloomberg
