In case you missed it... European financials index closed the week at the highest level since 2008...
Source: J-C Parets
Top 10 largest US Stocks vs the rest of the S&P 500 so far in 2024
Source: www.econovisuals.net
If futures are any indication, Mainland Chinese stocks are going through roof at the Tuesday reopen from the week-long holiday.
Source: David Ingles @DavidInglesTV on X, Bloomberg
HedgeFunds are now the least bullish on Mag7 stocks since May 2023
Source: GS Prime, Barchart
Here's a bullish chart.
Achieving a 52 and multi-year high in the Discretionary over Staples performance ratio, in the Q4 period, is not bearish and historically a harbinger of higher equity prices by year-end. Source: @Seth Golden on X
‼️MARKETS JUST ENTERED THE MOST VOLATILE PERIOD OF THE YEAR‼️
In October, equity markets volatility is ~34% above average for the other 11 months of the year. October is also the worst period for the S&P 500 during election years as uncertainty spikes... Sourcre: Bloomberg, Global Markets Investor
RED CAC...
France’s CAC 40 index is back in the red for the year after President Emmanuel Macron backed a temporary tax on the country's largest companies. Source: Bloomberg, HolgerZ
Global Equity Returns this year...
Source: Charlie Bilello
