A whopping ~$504 billion worth of Nvidia’s, $NVDA, options have been traded year-to-date, the most for any single stock.
This is ~$200 billion more than Tesla, $TSLA, the second-hottest stock in the market this year. This is also more than Meta, $META, Apple, $AAPL, AMD, $AMD, Amazon, $AMZN, and Alphabet, $GOOGL, COMBINED. Today, the options market is implying a 12% move after earnings are released. Source: The Kobeissi Letter
Record numbers of US executives are selling shares in their companies
as corporate insiders from Goldman Sachs to Tesla and even Donald’s Trump’s own media group cash in on the stock market surge that has followed his election victory. The rate of so-called insider sales has hit a record high for any quarter in two decades, according to VerityData. The sales, by executives at companies in the Wilshire 5000 index, include one-off profit-taking transactions as well as regular sales triggered by executives’ automatic trading plans. The Wilshire 5000 is one of the broadest indices of US companies. While insider selling is routine — especially as the stock market was already breaking records before Trump’s win — the surge following November 5 underscores how US executives are already profiting personally from his return before he re-enters the White House. https://lnkd.in/eYWW3E5M Source: FT
Interesting point by Barclays on AI stocks
Source: Barclays
Based on earnings yield, Brazilian equities have never been cheaper relative to US stocks.
Source: Bloomberg, Tavi Costa
Here's the outperformance (vs. S&P 500) of a pure play Trump index created by Alpine Macro.
It owns DJTA, Bitcoin, Tesla and GEO equally-weighted
Feast on Small Caps?
The "Thanksgiving/Santa Claus rally trade" starts next Tuesday. Based on historical data, the S&P 500 up 79.73% of times since 1950. Average return is 2.58%. Since 19790, the Russell 2,000 is up 77.78% of times during this period, with an average return of 3.34%. We are supposed to enter the 3 months of the year: Santa Claus Rally + January effect. Source: Jeffrey A. Hirsch @AlmanacTrader
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
