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6 Sep 2024

Traders weigh "buy the dip" opportunities on Asian tech stocks

Source: Bloomberg

6 Sep 2024

Is a massive regime change in markets taking place?

This week has again been volatile for stocks. But the big news for investors is for the first time in a few years, bonds are acting again as a hedge against stock market drawdowns. Or in other words: after a period of positive correlation which wrecked 60/40 portfolios, the stock/bond correlation is turning negative again. This is an important development. Source: Alfonso Peccatiello

6 Sep 2024

Nobody wants to touch China

Source: Markets & Mayhem

6 Sep 2024

There’s cheap and there’s very cheap.

Chinese stocks are now trading at just 40% of US stock valuations. That ratio is now 2 standard deviations below the historical average. Source: David Ingles, Bloomberg

4 Sep 2024

Beware of some posts on X...

E.g there is a debate today about what Nancy Pelosi did on her Nvdia calls before the DOJ subponea.

4 Sep 2024

Nvidia's market cap fell $279 billion today, the largest single-day decline for any company in history.

That's bigger than the market cap of 474 companies in the S&P 500. $NVDA Source: Charlie Bilello

4 Sep 2024

Adding Insult To Margin Calls, Nvidia Receives DOJ Subpoena Making Record Price Drop Even Worse.

$NVDA is down another 3% in the overnight session After the close, the DOJ sent subpoenas to Nvidia and other companies in an escalation of its investigation into possible antitrust law violations by Nvidia. DOJ is concerned with whether Nvidia penalizes buyers that don’t exclusively use Nvidia chips and makes it difficult to switch suppliers. Source: Markets & Mayhem

4 Sep 2024

September is historically the worst month of the year for stocks:

The S&P 500 has fallen -2.3% on average in September over the last 10 years, marking the only month with negative returns. Since World War II, the average September return has been negative, at -0.8%. Moreover, the Volatility Index, $VIX, has seen an average spike of ~10% in September over the last 33 years. Subsequently, in October and November, the S&P 500 has seen a +1.6% and +3.8% rally on average. Markets are entering their most volatile period of the year. Source: The Motley Fool, The Kobeissi Letter

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