A Stock Market Doom Loop Is Hitting Everything That Touche AI
Source: Bloomberg
US equities market broadening in a few pics.
“Old economy” and interest-rates sensitive sectors have been outperforming lately Note there are also parts of the economy which are LESS subject to AI-disruption Source: Bloomberg, RBC
The "Feel good story of the day".
If you invested $10,000 in Beyond Meat in 2021, today you would have $41. The stock was as fake as the meat. Source: Brew Markets @brewmarkets Wall Street Mav
The typical ETF investor has about half their portfolio in Tech Stocks
Source: Topdown Charts @topdowncharts
Perhaps the trade this year isn't so much "sell America"rather something like: "spend a lot more money everywhere else" -
At least so far this year. For example, Asian stocks have made their best start over US equities since at least 2000: @TheTerminal Source: Lisa Abramowicz @lisaabramowicz1 Bloomberg
Wild market.
Over the last 8 sessions, 115 stocks in the S&P 500 have decline 7% or more in a single day. The average drawdown when that happens is 34%. Right now we're 1.5% below the all-time high. Source: Michael Batnick @michaelbatnick
Who has the highest P/E among these mega caps? Answer: Wal-Mart $WMT...
Meta $META and Nvidia $NVDA are the cheapest, but if we factored in growth rates $NVDA is way cheaper than $META Source: Charlie Bilello
As far as the standout global earnings story is concerned, it's Korea... and then it's everybody else.
Source: David Ingles @DavidInglesTV
