⚡ Foreign holdings allocation to US stocks hit nearly 60%, a record.
This share has more than DOUBLED over the last 15 years. Allocation to equities exceeds the levels seen at the 2000 Dot-Com Bubble peak Foreigners are all-in on US stocks. Chart: @topdowncharts thru Global Markets Investors
🚨FROM THE MOST EUPHORIC MARKET IN HISTORY TO A COMPLETE BLOODBATH IN 2 HOURS🚨
US stocks, Gold and Bitcoin massacred after the Fed cut rates by 0.25% and expect fewer cuts in 2025 and 2026 due to inflation concerns. VIX and US dollar spiked. Performance yesterday: S&P 500 -3.0% - biggest drop since March 2020 CRASH Nasdaq -3.6% Russell 2000 -4.7% Dow Jones -2.6% Bitcoin -5.5% Bank Index -4.2% VIX +54% front mth futures VIX +17% Gold -2.2% Silver -3.3% WTI Crude Oil -0.9% Source: Bloomberg, Global Markets Investor
Powell is second to none when it comes to market reaction on Fed day.
He lived up to his reputation and track record yesterday. To say the least... Source: Bespoke
‼️AHEAD OF THE FED MEETING YESTERDAY, INSTITUTIONAL INVESTORS WERE ALL-IN ON US STOCKS AND CASH ALLOCATION AT RECORD LOW ‼️
Institutional investors* cash allocation hit the lowest level ON RECORD. This comes as allocation to US equities hit a RECORD HIGH. What will happen when stocks begin to drop? *171 Fund Managers with $450 billion in assets Source: BofA, Global Markets Investor
Why the S&P is up past two weeks
Source: Nomura thru zerohedge
Apple = Unstoppable 📈 $AAPL has now made a new all-time high in 11 of the last 13 trading days
Source: Barchart
The stat of the day >>>
Yes, the Fed has already cut near all-time-highs and you know what ❓ The Bulls 🐮 Liked it 👍 The S&P 500 is less than 2% away from all-time highs the day before a Fed decision. Since 1980, there were 20 other times they cut rates within 2% of ATHs. The S&P 500 was higher a year later 20 times 🚀 Source: Ryan Detrick, CMT @RyanDetrick
Apple now trades at over 41x earnings, its highest P/E ratio since 2007 (first iPhone was released).
When Berkshire Hathaway started buying Apple in 2016 it was trading at less than 10x earnings. Berkshire sold 67% of their stake this year. $AAPL Source: Charlie Bilello
