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23 Aug 2024

L'Oreal Starting to Rebound on Major Support

L'Oreal has tested the major support zone of 372-390 over the last three weeks and has started to break out to the upside from that zone! The trend remains bullish. Source: Bloomberg

22 Aug 2024

Goldman Sach's Head of Global Markets Scott Rubner believes the "pain trade" for US stocks is higher

Source: Bloomberg

22 Aug 2024

Stock buyback tax would quadruple under Democrats' plan

Source: MarketWatch

22 Aug 2024

Nvidia eyes return to record as AI spending bonanza continues

Source: Bloomberg

21 Aug 2024

The U.S. economy is now almost entirely driven by the services sector

The services industry now accounts for ~72% of US GDP, up from ~60% in 1990. By comparison, in the 1950s, services reflected just 47% of the US economy. On the other hand, the manufacturing sector's share in US GDP has declined from ~27% in the 1950s to ~10% currently. Meanwhile, the ISM Manufacturing PMI index has shrunk in 20 of the last 21 months, marking 22 months without two consecutive readings of an expansion, the longest streak since the 1990s. Services are keeping the US economy alive. Source: The Kobeissi Letter, BofA

21 Aug 2024

EBITDA is NOT Free Cash Flow

Source: Brian Feroldi

21 Aug 2024

Top 10 biggest companies in 2024 vs. 2009: What a difference 15 years can make...

Source: Stocktwits, Yahoo Finance

21 Aug 2024

The US Treasury has become a key driver of stocks and other asset markets through its pro-cyclical issuance of debt and the increasing depth and liquidity of repo markets

Writes net treasury issuance leads global equity prices by about 6-9mths due to repo markets. The rise in the volume of collateralized lending, i.e. repo, facilitated by the increase in the supply of USTs is increasingly influential for the behavior of asset prices. Source: HolgerZ, Bloomberg

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