4 Oct 2023
The gap between NASDAQ and the US 10 year (inv) remains absolutely massive
Source: TME
4 Oct 2023
EXTREME FEAR ?
-> Stock Market Fear & Greed Index falls to 16, the most fearful its been in the last year. Meanwhile, only 8% of $SPX stocks are currently trading above their respective 50-day moving averages, representing a 2%ile move over the last decade... Source: barchart
4 Oct 2023
Arm takes the spotlight as the largest 2023 IPO, a year that has been almost deathly quiet for I.P.O.s.
The chip designer, which is owned by SoftBank, had priced its offering at $51 a share, raising $4.87B. Source: Genuine Impact
3 Oct 2023
Q4 has easily been the strongest quarter of the year with an average gain that is more than twice the average of Q1 and Q2
Source: Bespoke
3 Oct 2023
On a growth-adjusted basis, the mega caps trade at the largest discount to the median S&P 500 stock in over six years
Source: TME, Goldman Sachs
3 Oct 2023
Asset class and style returns by JP Morgan
As bonds and stocks fell simultaneously, commodities were the notable outperformer in Q3, returning 4.7% and echoing the market dynamics of 2022. Source: JP Morgan
2 Oct 2023
We have seen one of the fastest drops in equity positioning since early 2022. Time to think about the upside pain trade?
Source: TME, DB
2 Oct 2023
The S&P’s price has diverged from the trend for EPS estimates recently
The rise in bond yields probably explains this dichotomy
