1 May 2024
Quality is not cheap...
Source: Goldman
1 May 2024
Halfway thru earnings season and buyback announcements are ticking up..
DB notes $85B announced last week. Source: DB
1 May 2024
Goldman Sachs and HSBC are saying that funds and global investors are rotating out of US and Japanese stocks
To reposition on the Hong Kong stock market which appears to offer significantly better opportunity. Hong Kong listed companies mainly do business across Asia with limited interference from the Chinese government. Source: Bloomberg
30 Apr 2024
Projected Q1 earnings for the S&P 500 ex-Mag 7 (left-hand chart) vs. Projected Q1 earnings for the Mag 7...
Source: Bloomberg
30 Apr 2024
72% EPS beat rate so far
6.6% EPS growth SPX ex-Fins & Energy Source: Mike Zaccardi, BofA
29 Apr 2024
Where did all the stocks go?
Since the late 1990s, the number of US publicly traded companies has plunged from just over 8K in 1996 to about 4.6K in 2022. (It’s bounced back a bit more recently.) Source: Quartr
29 Apr 2024
Asset managers and leveraged funds remain very, very long US equities
Source: Bloomberg
29 Apr 2024
Chinese stocks catching a very strong bid Monday.
The most-followed China stock index globally (MSCI China) is set to enter a bull market (note though it’s still a long way back to the top) Source: David Ingles, Bloomberg
