Syz the moment

Source. DB, Bloomberg

Part of the reasons is share buybacks which currently stand at all-time highs. As shown on the chart below, US share repurchase authorization announcements hit $988 billion, the most on record. This is 3 TIMES HIGHER THAN in 2020 and up 21% year-over-year. Source: Global Markets Investor, Goldman Sachs

US households own 38% of the total equity market, the most among other participants. This equals to roughly $33 trillion. This is followed by foreign investors and active mutual funds with 18% and 12% shares respectively. Source: The Kobeissi Letter

Source: Guilherme Tavares i3 invest on X

Goldman's "Republican Victory" basket surged today and has taken the lead over "Democrat Victory" for the first time since the debate. Source: Bloomberg, www.zerohedge.com

The S&P 500 is about to hit $50 TRILLION in market cap for the first time in history. It's now up +22% this year and over +40% since the October 2023 low. Despite many headwinds (Middle east tensions, US elections uncertainties, etc.), even a pullback of 5% is barely able to hold... How far can this bull market go without any correction??? Source: The Kobeissi Letter

In 2023, it generated more revenue than Hermès $RMS.PA and approximately the same amount as Kering $KER.PA and Richemont $CFR.SW, at around $20 billion. The 114 year-old luxury giant is privately owned by the Wertheimer brothers, whose grandfather was a business partner of Coco Chanel. When the CEO, Leena Nair, was asked about an IPO last year, she said: “We’re going to stay a private, independent company. Rumours always float around, but you can put those to rest." Source: Quartr

If you invested $10,000 in October 2022, you would have over $65,000 Source: Stocktwits