The S&P 500 closed at another all-time high, its 16th of the year.
This follows 57 all-time high in 2024, the 5th most of any year in history. $SPX Source: Charlie Bilello
HedgeFunds have now built the largest short position in small cap stock futures in history
Source: barchart
The best performing stocks in the SP500 this year...
Source: Charlie Bilello
After getting off course in Q1, $SPX has been trending well with the Cycle Composite since.
Will we see a pick up in volatility in the week ahead, in-line with historical cycle? Source: NDR thru Seth Golden
An update on the current sp500 bull market vs history
Source: Ryan Detrick
How to analyze stocks
the 6-step framework inspired by Peter Lynch. Source: Compounding Quality
Many investors bet Germany’s “whatever it takes” fiscal stimulus package and an enormous uplift in European defence spending would drive a prolonged upturn in the region’s equity markets.
A BofA survey of fund managers showed allocations to Eurozone stocks leapt to their highest level since 2021 at the beginning of this year. But the outperformance was short lived. Strong earnings from the US mega caps have sent Wall Street stocks powering ahead again, despite Trump’s tariff onslaught and deteriorating US economic data. Weak second-quarter earnings in Europe have supported the growing view that the region’s stock rally is losing momentum. With more than half of the companies in the Stoxx Europe 600 having reported earnings, the index is on track for no earnings growth compared with a year ago, according to Bank of America, sapping optimism over a revival in the region’s equity markets. By contrast, the S&P 500 index’s constituents are on track to post 9 per cent year-on-year average earnings growth, according to BofA, powered largely by strong results from Silicon Valley’s tech giants and Wall Street banks. Source: Financial Times, LSEG
So much for the end of US exceptionalism...
US equity market cap as a percentage of the developed world total rose for a third month to 72.5% at the end of July, while Europe's weight declined to 16.1%. Source: Augur Infinity
