Almost 23 years ago, Standard & Poor's selected Nvidia to replace the departing Enron in the S&P 500 stock index...
Source: Michel A.Arouet
These look like trailing P/Es but the visual emains impressive
Source: Jeff Weniger
US vs. International stocks... 3 standard deviations above the mean...
Source: Charlie Bilello
Momentum Trading is having the most success in history, even surpassing the Dot Com Bubble
Source: Barchart, Bloomberg
2024 looking a LOT different than previous election years.
Will we see a return to the mean? Source: Trend Spider
S&P 500 $SPX outperformed Global Stocks this week by the largest margin in 15 months...
Source: Barchart, Bloomberg
Only 30% of the SP500 stocks have outperformed the index year-to-date.
This is slightly higher than the 29% that occurred in 2023. Since 1990, a streak of 2 consecutive years with such a low percentage has happened only during the 2000 Dot-com bubble. By comparison, the historic median is 49% which typically implied healthy market breadth. The S&P 500 has rallied 12% year-to-date largely driven by just a few tech stocks. A few stocks are driving the entire market. Source: The Kobeissi Letter, Richard Bernstein Advisors
Inflow mania >>
Rubner: "Global equity funds have seen $190.5 Billion inflows YTD. This is the second largest equity inflows on record (only 2021 saw more inflows). This is +$1.7B worth of equity inflows per day." Source: The Market Ear
