“Maybe” The World’s Most Powerful Banker Knows Something That We Don’t?
Jamie Dimon bought 1.235 million shares in the open market from 2009 to 2016 at the exact times when markets bottomed. Last week, he sold 821,778 shares of JP Morgan stock worth $150 million for the first time ever. Impeccable timing? Time will tell... Chart: Bespoke through Sagar Singh Setia
It's been 309 trading days since ChatGPT was released on 11/30/22 and the Nasdaq is up 46.07%.
In the 309 trading days after Netscape (the first web browser) was released in December 1994, the Nasdaq was up 45.9%. Source: TME
Despite the surge in market-cap indices, small-cap stocks remain deeply entrenched in a bear market, now down 27% from their recent peak.
Source: Bloomberg, Tavi Costa
Japanese stocks soared to a new all-time high for the first time in almost 35 years but based on global valuation metrics, they could still have room to run...
Source: Bloomberg, Barchart
The Magnificent 7 are now up ~1,700% since 2015 compared to the S&P 500's ~140% gain.
Even the Nasdaq Composite Index, the largest tech index in the world, is up just ~230% since 2015. Source: DB, TME
Nvidia $NVDA hit a $2 Trillion Market Cap faster than any stock in history, including Apple $AAPL and Microsoft $MSFT
Source: barchart, factset
All-time highs are not the finish line.
The stock market surged to a record high last week, having eclipsed the previous high in January 2022 on the back of a new bull market that has delivered a 45% return since October 2022.1 The upshot is that bull markets do not tend to reach exhaustion upon hitting new highs. In fact, history shows that the initial breach of an all-time high tends to be more of a mile marker on the way to further gains Source: Edward Jones
Yes, the Eurostoxx 50 (orange line) is beating the NASDAQ (purple line) since the start of the year...
Source: TME
