Super Micro Computer $SMCI is up almost 40% overnight 🚀🚀🚀
as the company announced the immediate appointment of BDO USA as its independent auditor and the filing of its compliance plan with Nasdaq !!! Source: Stocktwits @Stocktwits
The S&P 500 ETF, $SPY, just saw 9 consecutive days of money inflows, the longest streak since 2014.
Investors have poured $18 billion into $SPY over these 9 days as post-election buying continues. Since 2000, $SPY has only seen 4 streaks with 9 to 10 straight days of inflows: in 2007, 2013, 2014, and 2016. Massive inflows supported the 5%+ run in the S&P 500 following the election. Over the last 13 months, the S&P 500 has now added more than $15 TRILLION of market cap. Source: The Kobeissi Letter, Goldman Sachs
Space stocks are breaking out from a large consolidation base.
Relative chart also broke out Source: The Strazza Letter
In a new milestone, the combined market capitalization of Dubai and Abu Dhabi stock exchanges has reached $1 trillion value for the first time.
The surge in market cap is driven by a string of new share listings in the last couple of years.
The S&P 500 $SPY P/E Ratios Heat Map.
Besides Banks and Energy, everything is wildly overvalued. $SPY Source: Jesse Cohen @JesseCohenInv
Speculative tech over large cap tech is making a come-back
Source: The Strazza Letter
🍕 BREAKING: Domino's Pizza stock, $DPZ, soars over 8%
after Warren Buffett discloses new position in the company...
Moderna is getting absolutely smacked (-7%) on the news that Trump is nominated RFK Jr to lead HSS $MRNA
Source: Bloomberg
