This month will go down as one of the best ever for the S&P 500
Did you know that after previous months that gained >8% continued strong returns were common? Higher a year later 90% of the time and up 15.8% on average. Source: Ryan Detrick
The S&P 500 gained 8.9% in November, the 18th biggest monthly advance since 1950. $SPX
Source: Charlie Bilello
Global Stocks post a gain of almost 9% during November, their best month in 3 years
Source: Barchart
November was truly a month of "bad news" being "good news" for stocks...
'Hard' data (red line) hits a 14-month low as S&P 500 surge back near record highs. Source: Bloomberg, www.zerohedge.com
Contemporary art beats stocks and Basquiat beats apple
Since 11/84, Jean-Michel Basquiat has been generating higher annualized return than apple... Source: Chartr
This chart shows that correlation between stocks and long duration bonds remain quite high
This is a regime change from previous decade and has implications for portfolio construction. Source: J-C Parets
So the FED is expected to pivot next year, maybe as soon as March
Is a pivot good for equity markets? Well, history shows that the months that follow the pivot are not the best ones for stocks... maybe this time will be different... Source: Phoenix Capital
Fast-fashion giant Shein has filed confidential paperwork for a potential public listing in early 2024
seeking a valuation of up to $90 billion (per Bloomberg), which would make the 15-year-old company more valuable than Lululemon and H&M combined. Established in China in 2008 as ZZKKO, Shein puts the fast in fast fashion: dropping as many as 10,000 new items on its website every day, producing items in small batches (50-100), and only ramping supply reactively for any products getting a lot of demand. Its wallet-friendly offerings — like earrings for less than 50¢ — have won over young consumers across the world, with its US customer base helping to catapult the company’s sales up 45% year-over-year, to $23 billion in 2022. Source: Chartr
