World's largest companies by market cap & the most valued companies
Source: Reza Zahiri
A staggering percentage of US equity funds are underperforming the S&P 1500.
The longer the time period the higher the percentage of underperformers. Source: Charlie Bilello
The top 10 largest stocks in the world are now worth a combined $18.85 Trillion up from $18.21T last week.
Source: Evan
Over the past 32 trading days, Nvidia $NVDA has gained more than $1 trillion in market cap.
To put that into some sort of perspective, the 6-week gain is greater than the total market cap of Berkshire Hathaway $BRKA, which Warren Buffett has spent 6 decades in building... Source: Jesse Felder
It has been a very quiet year so far for US equity markets...
No down day > 2% for the SP500 despite Middle East conflict, China doing military exercises around Taiwan, Fed interest rates cuts expectations moving from 6 to less than 2, etc. Source chart: Ritholtz
Dot Com Bubble vs. Now - Things don't look similar - at least from an earnings angle
Source: Barchart, BofA
🚨: S&P 500 $SPY finished with its lowest volume in 18 years (excluding holiday-shortened trading days)
Source: Barchart
What US stock market concentration? Exhibit below
courtesy of Morgan Stanley and Factset - shows the market concentration at the end of 2023 for a dozen of the largest markets around the world. The U.S. is the fourth MOST DIVERSIFIED market notwithstanding the recent increase in concentration...
