Germany, continues to lose ground on global stock markets.
The market value of German equities has dropped to just 2% of total global market capitalisation, as the early-year momentum has completely faded. Source: HolgerZ, Bloomberg
Lot of panic out there, but don't lose faith in November yet.
S&P 500 up 10% YTD heading into November? November higher 13 of the past 14 years. Final two months of the year higher 16 times in a row. Source: Ryan Detrick, CMT @RyanDetrick
The S&P 500 has gained 10% per year over the long run (including dividends) but that return hasn't come in a straight line.
Changes in investor sentiment have led to huge deviations from the 10% trendline at times, with periods of extreme greed (2000) & extreme fear (2009). $SPX Source: Charlie Bilello
A week ago, S&P 500 Q3 earnings were up 10.7% YoY.
Today is it 13.0%. Earnings continue to drive this bull market. Source: Ryan Detrick, CMT @RyanDetrick Carson
Yesterday was officially the first day Bank of America stock has fully recovered from the Global Financial Crisis.
Source: Dividendology @dividendology
Challenger Job cuts was one of the reasons for the equity market weakness yesterday..
Given the lack of government data, any report gets huge attention... Source: RBC, Bloomberg
Is bitcoin weakness signalling more downside ahead for the Nasdaq?
Source: Bloomberg
Robinhood $HOOD now has 11 separate business segments generating more than $100 Million of revenue on an annualized basis.
Source: Source: Evan @StockMKTNewz
