The top 3 country equity ETFs in 2023:
1) Argentina $ARGT: +34.7% 2) Greece: $GREK: +32.5% 3) Nigeria $NGE: +29.8% Just like everyone predicted. Source: Charlie Bilello
Heat map of the S&P 500's $SPY performance so far in 2023
Source: Evan, Bloomberg
Top five stocks by market cap are c.50% of Nasdaq-100 Index market cap
Source: SG
The 10 largest companies in the S&P 500 now make up 34% of the index with an average P/E ratio of 50x
This is the highest percentage since 2001 during the Dot-com bubble. Even in the 2008 bubble, this percentage peaked at ~26%. These same 10 companies have accounted for ~80% of the Nasdaq's entire rally this year. Markets are increasingly held up by a few stocks, particularly in the technology sector. Source: The Kobeissi Letter, Apollo
Apple annual revenue from Greater China
Source: Genuine Impact
If analysts are correct, $NVDA will generate more revenue & EBIT over the upcoming three (3) years than in ALL its previous 25 years COMBINED.
Source: Quartr
The king of pricing power...
How Apple’s $AAPL iPhone pricing evolved over time (higher and across more price points), and versus Android (lower) by Eugene Ng
The e-commerce market is a winner-takes-almost-all industry in each country, with Amazon being the leader in terms of e-commerce revenue
JD follows Amazon in second place, generating significantly less e-commerce revenue. Source: Genuine Impact
