In the long run, stock prices go up...
Source: BofA
The negative correlation between the us dollar with stocks (and other risk assets) has been strong for quite some time.
Meanwhile, US Dollar Index Futures are up every single week this year. Has this relationship now changed, or is the unwind about to come? Source: JC Parets
Coke’s first new permanent flavor in years adds a spicy twist
Coca-Cola announced the new Spiced flavor Wednesday, saying it blends the traditional Coke flavor with raspberry and spiced flavors. It will be available both in full sugar and zero-sugar varieties when it hits store shelves in the US and Canada in the coming weeks. Coke doesn’t often add new permanent flavors to its lineup: Spiced joins just a few other flavors it always sells, including its flagship flavor, cherry and vanilla. Why Coca-Cola doesn’t want to tell you what’s in those weird flavors Spiced was selected because it’s “all about being on category trend and responsive to our consumer preferences,” who are craving bolder and punchier flavors, Coke’s vice president of marketing for North America, told CNN. source : cnn
Market mood
Source: hedgeye
The bond-stock correlation is crashing to its lowest level in months...
Source: www.zerohedge.com
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
Expensive for a reason...
Since December 2019, the Magnificent 7 stocks collectively delivered a 28% annualized return. Of this, approximately 27% is attributable to earnings growth (21% sales growth and 6% margin expansion) with only 1% due to multiple expansion. In contrast, earnings drove only 13% of the S&P 500’s 17% annualized return since 2019. Looking forward, Goldman expect revenue growth will be the key driver of returns for the Magnificent 7 stocks. Bottom-up consensus expects the seven companies will collectively grow sales at a 12% CAGR through 2026 compared with an 3% CAGR for the remaining 493 companies in the S&P 500 index.
BREAKING: WILD morning in Chinese markets. Nearly 30% of all stocks in China have been halted as China's CSI 1000 index slides 8% in a matter of hours.
CSI 1000 was down nearly 9% at one point. The more broadly tracker indexes CSI 300, HSI, HSTECH reversed most losses in the morning Source: Bloomberg, David Ingles
