Ozempic is selling so well that an insurer requests USD 1 bn in payments back
Source: Bloomberg
US equities bull market => are you afraid to be too late to the party?
If history is any guide, you aren't. As shown on the chart below, history shows there is still rooms to go for this bull market in terms of duration AND magnitue. Source: RBC
$SPX The last two bullish engulfing patterns:
Today and May 31st. Source: Frank Cappelleri
Why Nvidia is a different story than Cisco in 2 charts...
Source: JPAM
🚨 THIS IS ONE OF THE MOST EXPENSIVE MARKETS IN HISTORY 🚨
valuation remains a headwind for US equities (out of the 5 pillars of our investment process, valuation is the only negative one) . S&P 500 is expensive on 19 out of 20 metrics according to the Bank of America analysis. Some metrics are over 100% above historical averages. Shiller P/E and S&P 500 Market Cap to GDP are now 101% and 147% above averages. Source: Global Markets Investor, Facset, Bloomberg, BofA
Semiconductors index: Was it a "head & shoulders top" (going to bring down the entire stock market)?
Or is it just a correction in a bull market??? Source: J-C Parets
Are rate cuts necessarily bullish for stocks?
Not if they're associated with an economic downturn and earnings decline. E.g 2007-2008 Source: Charlie Bilello
⚠️US BANKS UNREALIZED LOSSES HIT $512.9 BILLION IN Q2 2024⚠️
Q2 marks the 11th STRAIGHT quarter of unrealized losses on investment securities for banks, a streak never seen before. The number of banks on the FDIC Problem Bank List increased to 66 and represents 1.5% of total. Source: Global Markets Investor
