10 Timeless Stock Picking Lessons
Investment Books (Dhaval)
The net long positioning on the Nasdaq 100 by asset managers and leveraged funds is at a record high
When a trade becomes this crowded, how long until things reverse course? Source: Rosenberg Research
How to not lose money in the stock market? Answer: keep a long-term time horizon
Source: BofA
SpaceX Leading on Launches
A chart by Chartr. SpaceX, which has a wide-ranging set of commercial interests beyond taking tourists to the edge of space, continues to move forward — with a tender offer reported last week that could value it at $175bn. Plans for thousands of internet satellites, commercial travel to the moon, a base on the lunar surface and even loftier goals to turn the human race into an interplanetary species by colonizing other planets, are all ambitions of the California-based company. SpaceX has catalyzed much of the excitement about space tourism. The company’s two-stage Falcon 9 rocket is able to launch a kilogram into low-Earth orbit for just ~$1,500, a 10-20x decrease in cost in roughly as many years. That's due to its (partial) reusability — a breakthrough that’s helped SpaceX dominate commercial launchpads in the US. Indeed, FAA data reveals that SpaceX has completed 281 licensed launches since 2000 — 9x as many as Blue Origin and Virgin Galactic have managed between them. Source: Chartr
% Below All-Time High (total returns)...
Dow ETF $DIA: 0% S&P 500 ETF $SPY: -1.0% Nasdaq 100 ETF $QQQ: -1.7% Russell 2000 Small Cap ETF $IWM: -21% ARK Innovation ETF $ARKK: -68% Source: Charlie Bilello
A chart for the history books
Source: Michel Arouet, BofA
The correlation between US stocks and bonds over the last 2 years is the highest we've seen since 1993-95
Source: Charlie Bilello
The S&P 500 technology sector's relative strength versus the broad market is at its highest level since March 2000
Source: Charlie Bilello
