Happy Q4...
sp500 heatmap October 1st Source: @bremarkets on X
This time is different…
Historically, Fed rate cuts triggered market rallies led by valuation expansion. But this time, it seems that markets front-loaded the Fed by accumulating us stocks AHEAD of the Fed decision. Bottom-line: Current market valuation is now on the high side vs. other instances in history when the Fed cut rates. This should limit the amplitude of the current bull equity Source: David Marlin
😱 The shocking chart of the day: a 128% INTRADAY increase for a HK-listed ETF !!!
The China equities rally look unstoppable... 😱 The Hang Seng Tech Index expanded its gains to 9%, while the Hang Seng Index surged by 6%. The FTSE China A50 Index futures rose by over 8%. As shown on the chart below, the HK-listed Science and Technology Innovation Board 50 ETF, surged dramatically, with an intraday increase of 128%. In the previous trading day, it closed with a rise of over 21%. Source: CN Wire
Sometimes things come at you fast: MSCI China now outperforming MSCI USA year to date
Source: Louis-Vincent Gave, Gavekal
😱Yesterday's China equity market performance in one chart !!!
Below is a heat map of today's returns of the 2,230 stocks which belong to the Shanghai Composite index... Not a single one was down (the worst one was actually flat). And 10 stocks gained more than 20%... Source: Oktay Kavrak, CFA
JUST IN 🚨 : Extreme Greed returns to the Stock Market for the first time since March 🤑 🤑🤑
Source: Barchart, CNN
It's a bull market baby...
Some amazing statistics for the sp500 Q3 performance as highlighted by Grant Hawkridge on X 👉 S&P 500 closed Q3 at 5.4% 👉The average stock in Q3 was 9.2% 👉394 stocks were positive in Q3 👉109 stocks were negative in Q3 👉337 stocks outperformed the S&P 500 in Q3 These are the things you tend to see during bull markets...
September is in the books!
Source: Trend Spider
