8 of the 10 biggest winning stocks in 2020 have lost value since the end of that year including Tesla $TSLA
Source: Barchart, FT
Believe it or not, utilities $XLU is now the best performing SP500 ETFsince the start of the year (+13.4%).
Technology $XLV is in the second half of the ranking (+5.4%). So what's going on? Utilities has been on a run as we are reaching the 2nd derivative of the AI trade. Investment bankers are pushing new AI baskets and many of them include some Utilities stocks. Source: Mike Zaccardi
Sell in May and go away? Not in election years…
History shows that the mid-May to mid-June seasonal period is very strong during election years. Source: David Marlin, Goldman Sachs
The real price of the S&P500 has never exceeded the 1929 highs...
...If adjusted for M2 money supply growth 💸 Source. Nicolas Cheron
Don't fight the Mag 7?
The ratio of the Mag 7 vs the S&P 493 (S&P 500 ex Mag 7) has just hit another ATH. Source: Bloomberg, HolgerZ
Wall Street is turning less negative on China stocks
Source: Daily Compounding
The S&P 500 $SPX - it has now reclaimed its 50D moving average
Source: Barchart
Great observation by Dr. Michael Stamos, CFA - Head of Global Research & Development of Global Multi Asset Department at Allianz Global Investors
-> "On days when bonds were up, stocks tended to go up as well. When bonds fell, stocks managed to stay at least flat. Overall it was a pretty nice environment for equity investors. Lets hope this doesn't turn into a high-correlation-when-markets-are-down type of environment".
