SPX 4,999.89 ......So Close ....
source : bloomberg
LESS IS MORE... or MORE WITH LESS.
This data is eye-opening. The number of workers needed at S&P 500 companies to generate $1 million in revenue has gone from: 7+ in pre-1990 period to only 2 in 2024 With AI developments, this metric is likely to continue declining Source: Game of Trades
Market mood
Source: hedgeye
The bond-stock correlation is crashing to its lowest level in months...
Source: www.zerohedge.com
Buffett's Berkshire Beats the S&P 500 in Jan 2024 by 6%
Berkshire Hathaway outperformed the S&P 500 by an impressive 6% in January 2024, marking the fourth highest monthly outperformance over the last decade. Despite Apple, which represents 50% of Berkshire's portfolio, being down more than 3% (indicated by white bars), Berkshire's value soared. In an extraordinary display in November 2018, despite Apple's plunge of over 18%, Berkshire Hathaway saw an increase of more than 4%. source : John Haslett, CA(SA), FRM, Graphite Asset Advisory
Nvidia's market cap is now over $100 billion higher than all of the companies in the S&P 500 energy sector ... combined. $NVDA $XLE
Source: Charlie Bilello
The short term gap is huge. NASDAQ futs vs US 10 year (inv), 10 min 3 mths chart.
Source: TME
Who did it better? $NVDA or $CSCO in 2000?
On this day in 1996: Apple cover story “The Fall Of An American Icon.” Source: Jon Erlichman
