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27 Nov 2024

BREAKING: S&P 500 buybacks jumped 35% in Q2 2024 to $236 billion, near the all-time record.

Furthermore, a massive 52% of stock repurchases were conducted by the index's top 20 firms. This compares to a long-term average of 48% and pre-pandemic average of 45%. Apple, $AAPL, Alphabet, $GOOGL, Meta, $META, and Nvidia, $NVDA ALONE back $63 billion of stock. The Information Technology sector saw $68 billion of repurchases while Financials and Communication Services saw $45 billion and $35 billion, respectively. Buybacks are fueling the stock market rally. Source: The Kobeissi Letter

27 Nov 2024

Speculative growth stocks relative higher quality growth are breaking out

Source: J-C Parets

27 Nov 2024

GDP growth does not always correlate with earnings and equities performance

Source: Michel A.Arouet

27 Nov 2024

BofA: With the S&P 500 up ~50% over the last two years, history suggests more modest index gains going forward.

Returns were most frequently in the 0-10% range following periods where the index was up 40-50% over a two-year period Source: Mike Zaccardi, CFA, CMT, MBA

26 Nov 2024

US equities: elevated P/E and high growth expectations.

Better for earnings to deliver in order to keep the PEG at reasonable level Source: Morgan Stanley Research

26 Nov 2024

The Russell 2000 $IWM hit new ALL TIME HIGHS today for the first time in 3 years

Source: Evan

26 Nov 2024

Strong seasonal pattern kicking off today through the second trading day of the New Year…

Source: Bloomberg

25 Nov 2024

The giants of the U.S. economy are absolute cash machines.

Here’s their TTM (trailing-twelve-months) net income (and Y/Y growth): $AAPL: $94B (-3%) $NVDA: $63B (+234%) $MSFT: $91B (+17%) $AMZN: $50B (+148%) $GOOG: $94B (+41%) $META: $56B (+87%) $TSLA: $13B (+18%) $BRK.A: $107B (+39%)* $TSM: $33B (+16%) $AVGO: $5B (-63%) *Note: Berkshire's net income includes unrealized gains from its massive investment portfolio. These 10 alone earned $606B this year. Will they continue to grow their profit at similar rates moving forward?

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