US smallcaps #Russell2000 is officially in bear market
First time since 2022
The $VIX ended the day at 30, its highest close since August 5, 2024.
Fear is on the rise and stocks are on sale, providing more opportunities for long-term investors. Source: Charlie Bilello
Bull markets that make it past the two-year mark have typically consolidated in year three before heading higher again.
Source: Bespoke
Germany is the european country the most sensitive to global trade according to Goldman - see chart below
According to Goldman Sachs, the Dax and MDax have a beta of 1.9 to world trade growth — meaning they tend to move almost twice as strongly w/changes in global trade. That’s much higher than the US market, which has a beta of 1.4. In contrast, the UK’s FTSE 100 is less exposed to global trade, thanks to its defensive sector mix and the UK’s services-driven economy. The Swiss SMI is similarly more insulated. It’s also a defensive index, and Swiss exports are generally less sensitive to global demand, as they often consist of high-tech, specialized products. Source: HolgerZ, Goldman Sachs
OpenAI is now the world's second most valuable private company
Source: Markets & Mayhem @Mayhem4Markets
What's your favorite US mega-cap here?
Source: Bespoke
Foreign investors withdrew ~$6 BILLION from US equity funds last week.
This is the the 3rd largest amount on record and in-line with levels seen during March 2020. source : BofA, kobeissiletter
Tom Lee: Conference Board shows largest ever plunge in stock expectations, which is a contrarian buy signal
Source: Mike Zaccardi, CFA, CMT 🍖@MikeZaccardi, FundStrat
