Semiconductors index $SOX keeps marching higher without its general.
We have not seen such a wide divergence between SOX and hashtag#nvidia $NVDA in quite some time. Is NVDA quietly becoming the main funding source for the latest semis upside panic? Source: TME
If you invested $100,000 into Zoom $ZM at the peak of the pandemic hype in 2020, you would have less than $12,000 left today.
The stock crashed over -88%, eroding nearly $130 BILLION in market value as the work from home bubble collapsed. Source: Bull Theory
US futures hit a new ALL TIME HIGH after Washington Post confirmed a US-Iran ceasefire framework for 60 days.
Dow Jones is up +0.91% hitting 51,211. S&P500 is up +0.95% hitting 7,569. Nasdaq is up +1.35% hitting 29,995. Russell is up +1.57% hitting 2,922. Source: Bull Theory
The MSCI Emerging Markets index relative chart (vs. the US) looks very different if you take out TSMC, Samsung and SK Hynix.
Source: Oxford Economics
UBS’s balance sheet is bigger than Switzerland’s economy.
Source: @financialtimes
Short Squeeze Risks Rising?
“…Goldman Sachs’ trading desks argue that the core tension in today’s market is not about the strength or weakness of fundamentals, but rather the excessive accumulation of short positions, which—if triggered into covering—could unleash a self-reinforcing upward spiral…” Source: kristen shaughnessy @kshaughnessy2
The decline in the number of public companies has been driven by the disappearance of small companies.
Source: @a16z, (((The Daily Shot))) @SoberLook
Immune SPX?
The gap between SPX and inverse MOVE remains enormous. Equities keep trading as if the recent explosion in bond volatility is somebody else’s problem. Source: TME, LSEG Workspace Activate to view larger image,
