Still no dip to buy...
The S&P 500 is in its longest stretch without a 1% daily move over the past 2.5 years. Quiet markets tend to be strong markets and strong markets tend to be quiet markets. Source: Willie Delwiche, CMT, CFA @WillieDelwiche on X
Gold and stocks *both* with their best YTD performance in 25yrs this year.
Not really the sort of market action that is aligned with an aggressive easing cycle... h/t @thedailyshot thru Bob Elliott on X
😱 US EXECUTIVES ARE SELLING STOCKS 😱
The insider sell-to-buy ratio jumped to the highest level since 2021. Source: Global Markets Investor, Bloomberg
Nvidia $NVDA is now more than 36 times larger than Intel $INTC
Intel was 16 times larger than Nvidia a decade ago Source: Y charts, Ervan on X
Europe's most valuable companies
Source: companiesmarketcap.com
S&P 500 VALUATION IS IN LINE WITH THE 2000 DOT-COM BUBBLE PEAK
S&P 500 Price to Book (assets minus liabilities) ratio is now 5.2x, the most on record and in line with the 2000 Dot-Com bubble burst. When excluding the Magnificent 7 group, the P/B ratio is 4.2x, near a record. Source: Global Markets Investor
The 10 year bond yield soared on Monday, closing i on 4.2%.
The rise in bond yields took stocks down with them. Has the Fed lost control of the bond market? Was the Fed jumbo rate cut a policy mistake?
The race to $4 trillion market-cap is ON. 🏁
Which company do you think will be the first to hit this historic milestone? $AAPL $NVDA $MSFT Source: Trend Spider
