“Far more money has been lost by investors in preparing for corrections, or anticipating corrections, than has been lost in the corrections themselves.” - Peter Lynch
Source: J-C Parets
According to BofA, we've just seen one of the largest month-over-month allocations to European equities on record.
Is this signaling a European comeback, or simply a rotation ? source : BofA
Bear markets pale in comparison to bull markets, both in market movement and duration.
Remember this chart during the next - and inevitable - correction or bear market. Source: Peter Mallouk
The 2nd largest rotation into european equities in the last 25 years is currently taking place.
Source: Bloomberg, Barchart
Three years ago, you could have invested in $INTC at just 14x forward earnings or $NVDA at 45x forward earnings.
The returns: $NVDA: +503% $INTC: -55% As Terry Smith said, "Owning good companies is more important than owning undervalued companies." Source: Wolf of Harcourt Street @wolfofharcourt
Record strong breadth!
Yesterday was the 6th consecutive day that more than 2/3 of the S&P advanced. First time this has happened in 30+ years. h/t @FrankCappelleri
Congress Trade: Representative Nancy Pelosi Just Disclosed New Stock Trades
Representative Nancy Pelosi just filed new stock trades, which we received from a Stock Act disclosure: Nvidia $NVDA: (3 separate transactions) 1) - Exercised 500 call options purchased 11/22/23 (50,000 shares) at a strike price of $12 with an expiration date of 12/20/24 for between $500K-$1M 2) Sold 10K shares for between $1M-$5M 3) - Bought between $250K-$500K worth of Nvidia stock Amazon $AMZN: Purchased 50 call options with a strike price of $150 and an expiration date of 1/16/26 for between $250K-$500K Google $GOOGL: Purchased 50 call options with a strike price of $150 and an expiration date of 1/16/26 for between $250K-$500K Apple $AAPL: Sold 31,600 shares for between $5M to $25M Palo Alto $PANW: Exercised 140 call options purchased 2/12/24 & 2/21/24 (14,000 shares) at a strike price of $100 with an expiration for 12/20/24 for between $1M-$5M Tempus AI $TEM: Purchased 50 call options with a strike price of $20 and an expiration date of 1/16/26 for between $50K-$100K Vistra Corp $VST: Purchased 50 call options with a strike price of $50 and an expiration date of 1/16/26 for between $500K-$1M source :evan, nasdaq
This is from where Trump 2.0 is starting...
US stocks now make up 65% of the global equity market, their highest weighting in history. This is more than 11x bigger than the second largest country by market cap (Japan at 5.6%). With his MAGA, can US weight % of the global equity market hit even higher level??? Source chart: Charlie Bilello
