Which assets are most correlated to the USD?
The U.S. dollar (USD) has weak correlations with major U.S. equities like the S&P 500 and Apple 💵 Source: @OANDA and Visual Capitalist https://lnkd.in/eFccw27e
🚨INSTITUTIONAL INVESTORS HAVE NEVER BEEN MORE BULLISH🚨
Asset managers, leveraged funds and other investors net LONG positioning in the S&P 500 exceeded 240,000 contracts, the most on record. This is DOUBLE the amount seen in 2021 before the bear market started. Euphoria is an understatement. Source: Global Markets Investor
OUCH! French stocks are set for their worst under-performance against European peers since 2010 as a budget standoff threatens to topple the govt.
Source: BBG, HolgerZ
On an inflation-adjusted basis, including dividends, European stocks are up 2% in the last 17 years.
Source: Mike Zaccardi, CFA, CMT, MBA
Wow! JPMorgan's S&P 500 target for the end of 2024 was 4,200. For 2025, it's now 6,500
Source: Trend Spider
US households have not been this giddy on stocks in decades.
Source: The Daily Shot
With their massive market caps and impressive price appreciation, the Magnificent7 stocks have played a crucial role in driving the S&P 500 index’s performance.
Without them, S&P 500 returns since December 2022 would be much closer to average, still good, mind you, but more average. 🤣 @ISABELNET_SA thru Lance Roberts on X
The S&P 500 is currently on pace for back-to-back years with a total return above 20%.
The last time that happened: 1998-1999. $SPX Source: Charlie Bilello
