Why you need to invest, in one chart
Over the last 30 years, the purchasing power of the US consumer dollar has been cut in half due to inflation. At the same time, the SP500 has gained 962% (8% per year) after adjusting for inflation. Source: Charlie Bilello
All eyes on Jackson Hole this week
Looking at historical returns, it is rarely a big deal for markets. Will this time be different? Source: The Transcript
Retail investors are all in
Retail investors' inflows into U.S. stocks jumped over the last 2 weeks to their highest levels in at least 12 months. Aggregate net retail 5-day moving average purchases have more than DOUBLED in a month and hit~$1.7 billion last week. This comes after the S&P 500 fell ~7%, providing what proved to be a buying opportunity. Following the inflows, the S&P 500 surged over 8% from its low and is now 1.5% away from a new all time high. The risk appetite for stocks is still strong. Source: FT, The Kobeissi Letter
Massive money pours into the Invesco S&P 500 Top 50 ETF
Source: Bloomberg
"Unprecedented Swing": CTAs To Buy $86BN In Global Stocks This Week, The Most On Record
Source: zerohedge, Goldman
A person who invested $10k in the S&P 500 $SPY in 1993 would have faced:
• Asian Crisis, 1997 • Dotcom bubble, 2000 • GFC, 2007 • EU debt crisis, 2010 • Global pandemic, 2020 • Numerous recessions Yet, their initial investment would be worth $195k today (10% CAGR). Source: @KoyfinCharts
If July is a great month for the Nasdaq, September is not
Source: Bloomberg, zerohedge
Fear Index Vix dropped 27.3% this week, most since Nov 2023 as recession fears have faded and bulls are firmly back in control of the narrative.
Source: Bloomberg, HolgerZ
