Dividend stocks have been horrendous in 2023
The 100 highest yielding stocks in the S&P had an average total return of -7.94% through last Friday compared to an average gain of 8.94% for the 100 (exactly) stocks in the index that pay no dividend. Source: Bespoke
Stock markets care much more about US Treasury auctions now than they used to
Chart from Citi’s Stuart Kaiser thus Lisa Abramowitz
2023 has been the polar opposite of 2022:
-Worst performing areas of the equity market in 2022 (Nasdaq/Tech/Growth) have been the best performers in 2023. -Best performers from 2022 (Energy/Value/Equal Weight) have been the worst in 2023. Source: Charlie Bilello
Central bank liquidity and the Sp500 are experiencing a rather large divergence. Will it matter?
Source: Markets & Mayhem
Why you should invest for the long run - Nikhil Kamath / InvestyWise Nikhil Kamath
(Stats are for Indian hashtag#stocks but the principle remains the same for most equity markets in the world) "Someone's sitting in the shade today because someone planted a tree a long time ago." - Warren Buffet
Microsoft $MSFT has joined Apple $AAPL as the 2nd individual company that has a bigger market cap than the combined market cap of all stocks in the small-cap Russell 2,000:
Source: Bespoke
This is how Waren Buffet manages risk
Instead of over-diversifying, he takes big bets on companies / stocks on which he has super-strong conviction and knowledge. Almost half of Warren Buffett’s portfolio is made up of Apple at 48%, and valued at $163.7B. The top 5 holdings account for over 75% of the total portfolio... Source: Genuine Impact
Walmart vs Amazon
25 yrs ago: Walmart revenue 305x larger than Amazon. 20 yrs ago: Walmart revenue 51x larger than Amazon. 10 yrs ago: Walmart revenue 7x larger than Amazon. 5 yrs ago: Walmart revenue 2x larger than Amazon. Today: Walmart revenue 1.1x larger than Amazon. Source: Charlie Bilello
