Chinese tech stocks are up 10% this week, set for best week since the reopening rally in late 2022 as things stand.Clone)
Source: David Ingles, Bloomberg
The power of share buybacks
'Since 2013, we have now bought back almost 50% of our shares.' Pulte 2023 Annual Report Source: MastersInvest.com, Bloomberg
How are the 'Magnificent 7' Tech Stocks doing so far this year?
Nvidia Is Up +53.9% $NVDA Meta Is Up +35.9% $META Amazon Is Up +14.9% $AMZN Alphabet Is Up +10.5% $GOOGL Microsoft Is Up +6.1% $MSFT Apple Is Down -14.3% $AAPL Tesla Is Down -40.8% $TSLA $SPY Source: Bloomberg, Jesse Cohen
"The stock-bond correlation switch is the ultimate diversification regime shift."
"You don't have as great a need for alternatives when the correlation is negative. Investor search for diversification should be at a heightened level." Source: BofA, Darren
As shown by Jeroen Blokland >>> The Ishares 20+ Year Treasury Bond ETF is down 48% since April 2020.
This means investors have realized a negative return of 15% annually on long-duration bonds over the last four years. Moreover, this 'return' was realized with structurally higher volatility and, on average, a positive correlation with stocks. It also means the market for long-duration bonds has to double(!) to erase losses. Source: Jeroen Blokland
$BABA Alibaba free cash flow vs share price
Source: KoyfinCharts
Is the US stock market becoming THE world stock market?
Source: Sam Ro
Equity Risk Premium (the benefit of owning stocks over treasuries) has fallen to its lowest level in 22 years
Source: Barchart, Bloomberg
