Regarding the stock market, the sp500 is exactly at the same level it was two years ago today, December 6, 2021. As the black line shows, the change in the index is up just 0.17%
Meanwhile, the 3-month T-Bill (orange line) is up 6.3% over the same period. Source: Bianco Research
JUST IN: SpaceX has initiated discussions about selling insider shares at a valuation of $175 billion or more
The shares are expected to be sold at $95 each. The $175 billion valuation is a premium to the $150 billion valuation obtained this summer. If SpaceX went public, it would be one of the largest IPOs of all time. Source: The Kobeissi Letter
Most of this year's Dax rally is driven by higher EPS expectations, not P/E expansion. Dax has gained 18% year-to-date while Dax P/E has expanded only 6% from 11.5 to 12.2
Source: Bloomberg, HolgerZ
INDIA IN THE TOP 5!
India's stock market hit a milestone this week. It's now a $4 trillion market. Here's how that looks alongside the world's biggest. Source: David Ingles, Bloomberg
Liquidity continue to matters for stocks
Source: www.zerohedge.com, Bloomberg
(Source: Bespoke) As shown in the chart below, the S&P 500 total return is within 1.1% of its prior all-time high from 1/3/22
In addition to nearing its prior highs, the pattern of the S&P 500 looks a lot like a cup and handle which technicians consider to be a bullish formation. Source: J-C Gand
BREAKING 🚨: Chinese Stocks have fallen to their lowest prices in 5 years
Source: barchart
Unprofitable Tech stocks continue to outperform the Magnificent 7, with the latter now back at support levels seen in the early summer relative to the unprofitable names...
Source: www.zerohedge.com, Bloomberg
