Will the share buyback effect soon fade?
Since 2000, Share Buybacks have comprised ~100% of net equity purchases. Such has been a huge support for higher asset prices. That is all fine until you run out of cash to execute buybacks. Source: h/t @ISABELNET_SA, BofA, Lance Roberts
What are the most under-owned and over-owned large-caps stocks in portfolios?
"Of the large cap stocks we evaluate, MSFT, NVDA, AAPL, AMZN, and GOOGL are currently the most under owned in actively managed portfolios vs. the S&P 500, while INTU, CRM, ADBE and QCOM are the most over-owned." - MS Woodring. Source: Daily Chartbook, MS
TGI Thursdays
The S&P 500 is up an annualized +46.0% on Thursday so far in 2024. This would be the best return for Thursday since '21 (+51.5%) and best for any day since Friday last year (+53.0%). Bottom line, in bull markets you tend to see strength ahead of the weekend. ✔☑✅ Source: Ryan Detrick, CMT @RyanDetrick on X, Carson research
China names healthcare, education, tech as likely venues for more foreign investment
Source: South China Morning Post
Goldman Sach's Head of Global Markets Scott Rubner believes the "pain trade" for US stocks is higher
Source: Bloomberg
Stock buyback tax would quadruple under Democrats' plan
Source: MarketWatch
A shocking chart...
'In gold terms, the SP500 is exactly where it was in August 1971. The significance of that date is that it was the moment when President Richard Nixon severed the dollar's link to gold". Source: Bloomberg, Jesse Felder @jessefelder on X
Here's a look at the 30 best performing S&P 500 stocks over the last 20 years since Alphabet $GOOGL IPO'd
NVIDIA $NVDA is on top followed by Apple $AAPL, Netflix $NFLX and then Monster Beverage $MNST. Alphabet ranks 11th just behind Salesforce $CRM. Source: Bespoke
