The stock market rally continues in Germany.
The Dax is heading for its 9th daily gain in a row. The rally is being driven by the Dax "Glory 5" stocks - an index consisting of SAP, Siemens, Allianz, Munich Re, and Deutsche Telekom. These 5 stocks have outperformed the Dax Price Index by almost 100%-pts over a 10 year period. Source: HolgerZ, Bloomberg
Not all Tech stocks are magnificent...
$AAPL and $TSLA the main downside outliers...
6 out of the top 20 stocks in the SP500 this year are in the Semiconductor space
Nvidia once again leading everything w/ a gain of +66%. $NVDA . Source: Charlie Bilello
High global cost of capital hurts weak global balance sheets
Pakistan, Nigeria, Ethiopia, Egypt, DRC, Iran, Türkiye, Argentina account for 12% of world population (>1bn people) and they are all hit by inflation rates >30% (Argentina 250%, Türkiye 60%, DRC 50%), interest rates >20% & pressure of currencies. Source: BofA
Long large cap-growth relative to small cap value 12-month relative performance hit extreme level
Source: BofA
The SP500 has now traded green in both January and February
When that has occurred (data going back to 1950), the $SPX finished the rest of the year higher 27/28 times with the final 10 months being higher 26/28 times. Seems pretty good for Bulls! 🐂 Source: barchart, H/T Ryan Detrick
🚨 February numbers are in and the Mag 7 are now the 𝗙𝗮𝗻𝘁𝗮𝘀𝘁𝗶𝗰 𝟰 year to date
Nvidia , Meta , Microsoft and Amazon driving all the gains while Apple , Google and Tesla fall out of the 7. Source: John Haslett, CA(SA), FRM
One billion obese in the world according to a large study published today by British medical journal The Lancet
The study showed an acceleration of the epidemic in low-income countries. Even more worrying, in 30 years, the obesity rate among children and adolescents has quadrupled and doubled among adults. NovoNordisk and Eli Lilly the two main pharma companies in the weight loss race
