Improving market breadth for US equities
More stocks made new 52-week highs yesterday than when the major averages were at all-time highs a little over a year ago. Source: Steven Strazza
How often do active investment managers BEAT the S&P 500?
Source: Saxo
US earnings this week
Source: Earnings Whispers
As your time horizon extends, the probability of negative returns declines
Source: BofA
S&P 500 Q4 GAAP earnings were down 20% year-over-year
S&P 500 Q4 GAAP earnings were down 20% year-over-year, the 3rd consecutive quarter of negative YoY growth and the largest decline since Q2 2020 (note: combination of actual/estimates w/ 37% of companies reported thus far). Source: Charlie Bilello
Tesla has become one of hottest stock-option trades on Wall Street
Tesla has become one of hottest stock-option trades on Wall St attracting equal numbers of enthusiastic supporters & outspoken critics. Both sides have turned to derivatives: Bulls betting on extreme upside scenarios, bears bet share price will plunge. Source: HolgerZ, Cboe
Tech valuations are normalizing
Each generation has its own bubble. Pain after the burst is so severe that it requires new generation of inexperienced investors to become irrational again. Source: LeutholdGroup. Michel A.Arouet
China Stocks Rally in Hong Kong as Holiday Spending Recovers
Source: Bloomberg
