Fortune favors the patient investor. NASDAQ Returns By Year Since Inception
by Quartr
China’s economy spooks markets, and stocks sink.
The CSI 300 has underperformed the S&P 500 by >40ppts over the year. Source: Bloomberg, HolgerZ
You’d think there would be more IPOs considering how well stocks have been doing the past year+ all around the world...
Supply is clearly not an issue for tech stock market. Basically we have huge supply coming on the G7 bonds side (to finance growing budget deficits) and shrinking supply on the equity side. make your choice... Source: Topdown charts
Japanese companies profits are surging
but that's not translating into rising domestic wages, keeping a lid on domestic inflationary pressures, and allowing easy monetary & FX policy to persist. The main winners are japan equity investors. Source: DB, Bob Elliott, The Daily Shot
The valuation gap between the S&P 500 $SPX and the rest of the world continues to widen
Source: FT, Barchart
China stocks cbear market continues unabated
As Hong Kong’s Hang Seng index tumbled 3.06% afterweaker than expected GDP numbers were released, while China’s CSI 300 index shed 0.73%. Meanwhile, AMC Nomura Nikkei 225 ETF went limit up today after Chinese traders ignored warnings to avoid chasing gains in Japanese Stocks. This ETF trades with a 9.5% premium over its net asset value... Source: Bloomberg, Barchart
The silent bullmarket...
Global mutual funds' active weighting of Japanese stocks has not risen in the past six months. Source: TME, Factse
Current market mood...
Source: Michel A.Arouet
