Short interest on the $SPY SPDR S&P 500 ETF and $QQQ Powershares Nasdaq 100 ETF as a % of shares outstanding is at record low levels
Source: JP Morgan
Gautam Adani is uber-bullish on indian equities "There has never been a better time to be Indian"
Source: Nikhil Oswal
Here are the most held stocks by hedge funds
Source: Savvy Trade, Visual Capitalist
Is diversification a thing of the past? The sp500 has significantly beaten money managers who diversify investments globally in 13 of the last 15 years
The only 2 years where diversification worked over this period were 2012 and 2023. Such a streak has never happened before. During the 15-year timeframe, the largest outperformance by the S&P 500 occurred in 2015, by nearly 30%. Meanwhile, the S&P 500's return has exceeded global investment assets by 15% year-to-date. Source: The Kobeissi Letter, Bloomberg
For nearly a decade, this group traded in a very narrow price-to-sales range, but it's different this time???
Source: Lawrence McDonald, Bloomberg
The market cap of technology stocks as a percentage of the S&P 500 just hit a record 44%
This percentage is now ~12% higher than after the 2000 Dot-com bubble peak of 32%. Over the last 10 years, this share has more than DOUBLED. Also, since 2014 Nasdaq 100 has added 426% compared to a 182% gain in the S&P 500. Are tech stocks set to account for the majority of the S&P 500? Source: The Kobeissi Letter
The best performing stocks in the SP500 this year...
Source: Charlie Bilello
As per The Kobeisi Letter >>> The S&P 500 is now up 34% in under 8 MONTHS
Since the October 2023 low, the S&P 500 has added 1,370 points or $11.5 TRILLION in market cap. In other words, the S&P 500 has added ~$1.4 trillion in market cap PER MONTH for the last 8 months in a row. This means that the S&P 500's return since October 2023 is now 3 times the average annual return. Nvidia stock alone, $NVDA, has added $2.2 trillion in market cap over this time period. That's ~20% of the S&P 500's market cap gains coming from just one stock...
