World's Most Valuable Defense Companies
Source: Global Statistics
10 Years ago, JPMorgan had a lower market cap than Wells Fargo.
Today, its market cap of $800 billion is higher than its 3 largest competitors (BofA, Wells Fargo, Citigroup) combined. Too big to fail? We're way past that. Source: Charlie Bilello
⚠️ Global fund managers are under invested in US stocks:
▶️ Professional investors have remained UNDERWEIGHT US equities versus global stocks for the 5th consecutive month. 👉 Meanwhile, the MSCI World Ex. USA index is up 17% year-to-date, beating the S&P 500 gain of 7%. Source: Global Markets Investor, BofA
The SP500's CAPE Ratio is about to cross above 38 for the 3rd time in history, now higher than 98% of historical valuations. $SPX
Source: Charlie Bilello
$10,000 invested in Netflix at its IPO in May 2002 is worth over $10 million today. $NFLX
Source: Charlie Bilello
Berkshire Hathaway is now underperforming the S&P 500 by almost 23 percentage points since Warren Buffett announced his retirement 📉📉
Source: Barchart
S&P 500 earnings have recently seen multiple sharp upward revisions.
This comes after 15 consecutive weeks of downside earnings revisions fueled by tariff fears. Overall, it seems that US corporations are actually coming out on the other side of these fears stronger. This is a tailwind for the stock market. Source: Bravos research
Dow Jones Industrials forms a Golden Cross for the first time since November 2023 🚨
The last one sent prices soaring 29% over the next 13 months 📈📈📈 Source: Barchart
