18 Apr 2024
Equity Risk Premium (the benefit of owning stocks over treasuries) has fallen to its lowest level in 22 years
Source: Barchart, Bloomberg
18 Apr 2024
SP500 Put/Call Ratio has risen to multi-year highs amid the recent market sell off.
Source: David Marlin
18 Apr 2024
CTAs will dump billions worth of stocks over the next week in EVERY SINGLE SCENARIO warns Goldman Sachs
Source: Barchart
17 Apr 2024
US big tech revolution steamrolling emerging markets equities in one chart.
What would make this trend reverse? Source: BofA, Michel A. Arouet
17 Apr 2024
BANK EARNINGS >>> Bank of America $BAC stock is down -4% today after reporting earnings down -18% yoy.
$BAC Bank of America Q1 FY24. Revenue -2% to $25.8B ($0.4B beat): • Net Interest income: $14.0B (-3% Y/Y). • Noninterest income $11.8B (-0% Y/Y). Net Income $6.7B (-18% Y/Y). Non-GAAP EPS: $0.83 ($0.06 beat). CET1 ratio of 11.8%. Source: App Economy Insights
16 Apr 2024
The S&P 500 is only down 3.7% from its peak closing price at the end of March.
The median intra-year drawdown since 1928 is -13%. What were seeing today is normal volatility - the first 3 months of the year were abnormally smooth. Source: Charlie Bilello
16 Apr 2024
The sp500 closed below its 50-day moving average today for the first time since last November, ending the 10th longest streak since 1950.
Source: Charlie Bilello
15 Apr 2024
The Mag7's weighting in the SP500 just hit another new high
Source: Cheddar Flow
