Semiconductor Stocks $SOXX have broken below the 200D moving average for only the 3rd time this year - Uh Oh
Source: Barchart
Last 3 years:
Gold +52% $QQQ +28% Source: Mike Zaccardi, CFA, CMT, MBA
The biggest driver of US equity demand has been buybacks, with $5.5T of purchases since 2000
Source: Markets & Mayhem, Bloomberg
🏇 The race to $4 Trillion...
Apple $AAPL $3,369,000,000,000 NVIDIA $NVDA $3,320,000,000,000 Microsoft $MSFT $3,051,000,000,000 Who will be the first to hit $4 trillion market cap? Source: Trendspider
Halloween Day Massacre $SPY
$953 BILLION was wiped out from the US stock market yesterday. Bloomberg, WallStreetbets
😱 Do you remember Beyond Meat ?
Source: Radar
Despite talks of de-dollarisation, America dominance has never been that strong:
• US stock exchanges capture more than half of global free-float market capitalisation • US share of global stock market is 2.3 times its share of global GDP — the highest-ever ratio Source: Agathe Demarais @AgatheDemarais
🚨THIS IS ONE OF THE MOST OVERVALUED MARKETS IN HISTORY🚨
S&P 500 is expensive on 19 out of 20 metrics, according to the Bank of America analysis. Some metrics such as Shiller Price to Earnings ratio (CAPE) are over 100% above historical averages Source: Global Markets Investor
