Nvidia is within single digits now of becoming the world's most valuable company $NVDA
•5% away from Apple •6% away from Canada •9% away from Microsoft Source: Bloomberg, HolgerZ
Best May for the S&P 500 in 15 years.
Looking at the 10 best monthly returns ever in May showed the future returns were quite impressive. When May return was above 4%, the rest of year up was double the average year (10.5% vs 4.9%) and June was up 1.0% on average vs negative. Source: Carson, Ryan Detrick
BREAKING: Mexico's stock market ETF, $EWW, crashes 11% after as the Mexican stock market posts its worst day since 2008.
The Mexican Peso also lost 4.5% against the US Dollar in its biggest one-day drop in years. This comes after Claudia Sheinbaum was elected as the next president of Mexico. Source: The Kobeissi Letter
Interesting technical development for the uranium mining stocks with the $URA ETF trading at a 10-year high while sector leader Cameco $CCJ is trading at a new all-time-high.
Source: J-C Parets
Low-volatility regimes can last longer than you think.
Source: Mark Ungewitter
This is why you keep buying.
Source: Dividendology
The $SPX is the most concentrated since 1964.
Restated, it has been 60 years since four stocks have accounted for this big a share of the $SPX. Source: Jim Bianco
Exit polls show a clear victory for Prime Minister Modi’s party BJP + allies (called NDA = National Democratic Alliance).
The market is likely to view this very favorably, expecting another 5 years of policy stability, reforms and visibility on growth. Source: Bloomberg, David Ingles
