Syz the moment

Drug prices in the U.S. are notoriously high for many important medications, including insulin. When comparing the cost of insulin by country, we see that the difference is not even close. This chart shows the average cost of insulin across OECD countries, based on a 2021 publication by RAND Corporation.

Sales actually fell 4.1% MoM (far worse than expected and down for the 20th time in the last 23 months) with September's 2.0% MoM decline revised even lower to -2.2% MoM. That decline left existing home sales down 14.6% YoY... Fewer US existing homes are selling today than at any point since 2010. The 3.79 million annual rate is even below the lowest level of sales during the 2020 covid shutdowns (4.01 million). The chart below by Francois Trahan puts things in greater perspective and shows that when adjusting for population, this is one of the worse housing profiles we have seen in decades. On this "per household" basis October existing home sales data was worse than the lowest reading seen at the depths of the GFC. Source: François Trahan

Source: Charlie Bilello

Source: Steno Research

Mag 7: +105% S&P 500: +19% Source: TME

Source: HolgerZ, Bloomberg

With the Nasdaq up more than 13% from the lows, $NVDA at all-time-high, 95% of sell-side analysts with a BUY rating on $NVDA (!) sentiment of AI probably at record optimistic level after Microsoft "aqui-hire" of openai and the $VIX historically low at 13.5, there is indeed room for a short-term pullback... Source: www.investing.com, kakashiii111

1) Orange Juice: 246% 2) Uranium: 568% Source: Macrobond, Sagar Singh Setia