Should we fear bearish engulfing patterns on the S&P 500?
Fundstrat: " $SPX and equities are overbought. So a bit of consolidation is expected. But we believe the risk/reward for stocks remains favorable. And we think stocks will likely be higher 2 weeks from now." Source: Seth Golden @SethCL
Berkshire Hathaway’s cash position is now 30% of their total assets, the most in history.
Source: Barchart
Since 1985, Nasdaq 100 has a rough start to August, with double-dips ultimately resulting in a W-shaped recovery into end-of-month.
Might take a little longer (release of CPI mid-month) if downside persists and before recovery ensues in 2025. Source: Seth Golden
Ever wonder why S&P 500 concentration is hitting record highs?
Investors are piling into mega tech for one big reason: huge free cash flow generation and strong net income growth! ➡️ The net income gap between the top 10 giants and the rest keeps widening. Without the top 6, S&P 500 earnings growth is flatlining. ⚠️ Meanwhile, around 40% of Russell 2000 small caps aren't even profitable. Source: FT thru Andrea Lisi
Will we see the typical post-Powell sell-off again today? It's a tradition.
Source: Bespoke @bespokeinvest
Investors have now plowed $139 Billion into Leveraged ETFs, the highest amount in history 🤯 Risk on folks, Risk on 🤑🫡🚀 🤢
Source: Barchart
Foreign Investors now own 18% of U.S. Equities, the most in history.
Source: barchart
Small Cap Stocks are trading at the largest discount relative to Large Caps in AT LEAST 25 years
Source: Barchart
