Coincidence or not?
Source: Bastien Chenivesse, Bloomberg
It seems that many companies are in desperate need for rate cuts...
Source: Bloomberg
BREAKING: Is the BoJ capitulating?
The Bank of Japan Deputy Governor says they WON’T raise rates when the market is unstable. The Yen is getting absolutely destroyed…and the Nikkei is up nearly +3%, Nasdaq Futures is up +1.2% A wild start of August... Source: TradingView
Buying the dip often pays off
Since 1980, an investor buying the sp500 index 5% below its recent high would have generated a median return of 6% over the subsequent 3 months, enjoying a positive return in 84% of episodes. Source: Goldman Sachs, Mike Z.
TS Lombard: "Our analysis of past volatility bouts shows that equities take 4-5 weeks, on average, before a sustained recovery begins.
Markets tend to rebound on oversold conditions such as the current ones, but investors often sell into that strength, which can lead to a relapse. This is what happened, for instance, in 2018, an episode that bears strong similarities to the current one." Source: TS Lombard, The Market Ear
BREAKING: The S&P 500 closes 3.0% lower erasing $1.4 TRILLION of market cap today, posting its worst day since September 2022.
The S&P 500 is now just 1.4% away from correction territory. The Nasdaq 100 is in correction territory and will enter a bear market if it falls 7.5% from current levels. In less than one month, the S&P 500 has erased $5 TRILLION in market cap. Source: The Kobeissi Letter
You might wonder why gold is down in a day like today?
diversification does not always work. When margin calls happen everything gets liquidated...
NASDAQ FUTURES CLOSE TO TRIGGERING CIRCUIT BREAKER.
The limit-down level for the current $NQ contract is at 17,265.25, or a 6.9% drop from Friday's close. This has not happened since the COVID selloff in March 2020. Source: Trend Spider
