Annualized Total Returns over the last 7 years...
US Stocks: +8.8% US Bonds: -0.3% US 60/40: +5.4% Source: Charlie Bilello
JP Morgan Asset class and style returns by year + October returns
Despite a pullback in October, Growth stocks continue to lead in 2023 by a big margin
WeWork has officially filed for bankruptcy
From a $47 billion private market valuation to a $9 billion IPO via a SPAC in 2021, and now trading at $1.32 a share in after hours, marking a jaw-dropping 99% drop from its IPO price. The co-working space drama continues to unfold, reminding us that even unicorns can stumble in the real world of business. Source: Michael Burry Stock Tracker
Beware the short squeeze... CTAs are now short $25 billion of US equities, one of the largest short positions in the 8 years...
Source: Barchart
The US equity market ultra-dominance
Source: Michel A.Arouet, Bloomberg, Goldman Sachs
Elon Musk’s X is worth less than half of price he paid for Twitter
X is worth $19 billion a year after the $44 billion purchase. Employee restricted stock units are awarded at $45 a share. Source: Bloomberg, HolgerZ
As a remainder, Bank of Japan (8301.JP) is a tradeable stock so you can buy some if you wish
Note that the chart does not look pretty... Maybe the market doesn't give much credibility to the management? Source: www.zerohedge.com
Eli Lilly exceptionalism... $LLY vs. rest of Pharma and S&P 500 Healthcare stocks
Source: Goldman Sachs, TME
