$NFLX announces new logo following earnings
Netflix (NFLX) missed Wall Street third-quarter earnings targets due to an unexpected expense from a dispute with Brazilian tax authorities, though it offered a slightly stronger-than-expected forecast for the rest of the year. Shares fell 4% to $1,186.82 in after-hours trading on Tuesday. Source: John Trades MBA @JPATrades
In gold terms, the S&P 500 is down nearly 30% so far this year.
The decline is about to surpass 2008 as the worst year for the index in gold terms in over two decades. Source: Tavi Costa, Bloomberg
Hong Kong’s IPO Comeback
Chinese IPOs in America have collapsed 93% since 2021, raising just $875 million this year vs. $13 billion at the peak. Meanwhile, Hong Kong is reaping the rewards — Chinese listings there surged 164% to $18.4 billion across 56 deals. The turning point came after Beijing’s regulatory crackdown on Didi’s 2021 New York debut — a short-lived listing that ended with a forced delisting. Since then, companies in “strategic industries” face a regulatory maze for U.S. approval. The Nasdaq has raised the bar with a $25 million minimum for Chinese IPOs, while Hong Kong introduced its “Technology Enterprises Channel” to fast-track tech listings. source : cnbc
S&P 500 Shiller P/E (CAPE) ratio exceeded 40x, the highest level since the 2000 Dot-Com Bubble BURST.
At the same time, US households’ equity allocation jumped to ~45%, the highest EVER. This is a few percentage points above the Dot-Com Peak. Source: Global Markets Investor, TopdownChart
Interactive Brokers might be one of the most under-discussed growth stories of the last decade.
Total accounts are up nearly 20x since 2012. Interactive Brokers reported 79% operating margins for their latest quarter. 79%... Is there any company in the world with higher operating margins? Source: Fiscal.ai (formerly FinChat) @fiscal_ai
Only ~20% of active equity managers have outperformed their benchmarks this year.
Source: Bloomberg, Jefferies
Technology continues to lead
Source: J.C. Parets
Retail investors bought nearly $2 BILLION of US stocks on Friday, Oct 10, following the market pullback.
This marks the BIGGEST buying day since the April 2025 sell-off and one of the largest on record. Mom-and-pop investors are still buying the dip. Source: Global Markets Investor, Vanda
