Yes, the Eurostoxx 50 (orange line) is beating the NASDAQ (purple line) since the start of the year...
Source: TME
US equities are shrugging off higher rates.
The chart below shows the level of the S&P 500 Index and the 2-year U.S. Treasury yield. Yields have risen in 2024 but unlike prior episodes of rising yields last year, the S&P 500 has moved higher as well. Past performance does not guarantee future results. Source: Edward Jones
While markets are hitting all-time-highs, some insiders are off-loading their stocks
Source: Genevieve Roch-Decter, CFA
Market Breadth continues to look strong!
More than 72% of sp500 stocks are now trading above their 200D moving average. Source: Barchart
U.S. equity risk premium has fallen to its lowest level since the aftermath of the Dot Com Bubble.
This is the premium that investors receive to compensate them for taking on additional risk in the stock market instead of treasuries. Source: Barchart, BofA
Reddit made its IPO filing public ahead of a planned stock market debut in March.
It also disclosed $90.8 million in losses and revenue growth of roughly 21% in 2023. REDDIT IPO STATS: Ticker: $RDDT Exchange: NYSE Deal size: $100m (we est. $750m) Mkt Cap: Est. ~$5+ billion Annual Sales: $804m Net Loss: -$91m IPO Timing: Est. mid-March
In case you missed it. Chinese stocks have now fully recovered from all year-to-date losses and are now green on the year.
Source: Barchart
Nikkei Parties Like It's 1989
A lot of attention has been focused on the Nikkei 225 index, which topped its all-time high, surpassing 39,000 and breaking the previous record of 38,957 set on the final trading day of 1989. The 34 years it has taken to regain its footing is also a record for a major market, and it's a decade longer than Wall Street took to recoup its losses from the 1929 crash and the Great Depression. source : bloomberg, reuters
