Last year’s price drop of -18.9% was way bigger than this selloff’s -9.1% max drawdown, but this year’s valuation pullback (-18.4%) is almost the same as what we’ve seen last year (-19.5%)
Source: Daily Chartbook
SPX is pushing slightly above the downtrend, testing the 21-day MA.
A close above could turn this into a squeeze setup, but 6700 (futures) remains the key resistance to watch. More here. Source: TME
SPX has tracked oil almost tick-for-tick since the Iran war began. Now it’s starting to decouple.
Do you trust forward-looking equities, or oil stuck at extremes? Source: TME
New paper from Hendrik Bessembinder just analyzed 100 years of stock market data.
And it's shocking. Out of nearly 30,000 stocks analyzed... Just 30 companies generated ~44% of all wealth created. Source: Oktay Kavrak, CFA @OKavrak
So it was just a textbook squeeze?
The short-term trendline and the 21-day MA sit slightly higher, alongside the former range lows, now acting as resistance. As there is no TACO yet and looking at futures this morning, does not seem we will go through resistance today. Source: TME
Last chance to buy nvidia $NVDA at a sub-20 forward PE ?
Source: Matt Cerminaro, TME
If you invested $1,000,000 in this company a year ago, Today you would have nearly $6,000.
A Bitcoin treasury company Nakamoto $NAKA crashed -99.30% in less than a year from its peak market cap of $24 billion to just $180 million erasing $23.3B in value. They company came under fire after the filing revealed that they just sold $20M worth of BTC at $70K which they bought at an average buying price of $118K, booking a -40% loss. The core issue is simple. Bitcoin is trading far below their cost basis, so the value of their treasury is shrinking while liabilities remain fixed. At the same time, the stock has collapsed below $1 for 30+ consecutive days, which directly triggers Nasdaq non compliance. If this is not fixed, the stock is expected to be delisted by 8 June 2026. Once delisted: liquidity drops → institutional access reduces → raising capital becomes extremely difficult. Source: Bull Theory
Kind of mind-boggling.
Source: Lance Roberts @LanceRoberts
