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$SPX/GDP, the 'Buffet' indicator, is back near the 2021 highs
Source: Swordfishvegetable
Why has the sp500 been moving higher despite rate cuts expectations being revised downward?
It is as simple as EPS 12 month estimates have soared. Up another 2% the past 12 months. Source: Ryan Detrick
Active managers had less than 25% exposure to equities in late October when the S&P 500 was at 4,100.
Today their equity exposure has jumped to 104% (leveraged long) with the S&P 500 above 5,100. This is their highest exposure since November 2021. Source: Charlie Bilello
Believe it or not oil is outperforming the NASDAQ this year
Source: Bloomberg
European Stocks are on track for their 8th consecutive green week which would be their longest winning streak since 2022
source : barchart
In case you missed it...energy stocks relative performance vs sp500 has turned around at the end of February...
Source: J-C Parets
Why you need to invest, in one chart...
Over the last 30 years, the purchasing power of the US consumer dollar has been cut in half due to inflation. At the same time, the sp500 has gained 840% (7.8% per year) after adjusting for inflation... Source: Charlie Bilello
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