The silent bullmarket...
Global mutual funds' active weighting of Japanese stocks has not risen in the past six months. Source: TME, Factse
More and more companies are staying private for longer, avoiding IPOs until much later in their growth cycle (if they get there at all).
Source: Markets & Mayhem
The current macro environment across global equity markets presents a sharply divided investment setup for 2024 and the remainder of the decade.
Source: Tavi Costa
India stock market cap crossed $4 trillion for 1st time!
Source: Win Smart
60% of S&P 500 stocks are showing a positive correlation with U.S. Bonds. Most since 2001.
Source: Win Smart, SG, Bloomberg
India stocks vs. china stocks
Source: Mac10
Wondering by us bank stocks are doing well?
Since the introduction of the Bank Term Funding Program (BTFP) in March, there is a nice arbitrage opportunity for banks - watch out on the chart below the gap between the rate on the Federal Reserve’s nascent funding facility and what the central bank pays institutions parking reserves. Since March / SVB crisis, the BTFP-Fed Arb continues to offer 'free-money' to banks - and usage of the BTFP has risen by $38BN since the arb started to exist. Source: Bloomberg. www.zerohedge.com
BREAKING: Japan's Nikkei 225 stock index rises above 34,000 for the first time since March 1990. Breakout from a 30-year base!
- Breakout + test from 30-year base (blue circle) - Successful test of 2nd base (purple circle) - $NIKKEI now trading at 34-year high - Still below ATH recorded in 1989 - Yen is undervalued by ~40% on PPP-basis (source: ) Along with hitting a fresh 33-year high, Japan's stock market is now up 120% from its low in 2020. Both technology and health care stocks have been the main drivers. Recently, Warren Buffett began betting on a recovery of Japan's economy. Japan is back in a bull market.
