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20 Jun 2024

Is diversification a thing of the past? The sp500 has significantly beaten money managers who diversify investments globally in 13 of the last 15 years

The only 2 years where diversification worked over this period were 2012 and 2023. Such a streak has never happened before. During the 15-year timeframe, the largest outperformance by the S&P 500 occurred in 2015, by nearly 30%. Meanwhile, the S&P 500's return has exceeded global investment assets by 15% year-to-date. Source: The Kobeissi Letter, Bloomberg

20 Jun 2024

For nearly a decade, this group traded in a very narrow price-to-sales range, but it's different this time???

Source: Lawrence McDonald, Bloomberg

20 Jun 2024

The market cap of technology stocks as a percentage of the S&P 500 just hit a record 44%

This percentage is now ~12% higher than after the 2000 Dot-com bubble peak of 32%. Over the last 10 years, this share has more than DOUBLED. Also, since 2014 Nasdaq 100 has added 426% compared to a 182% gain in the S&P 500. Are tech stocks set to account for the majority of the S&P 500? Source: The Kobeissi Letter

20 Jun 2024

The best performing stocks in the SP500 this year...

Source: Charlie Bilello

20 Jun 2024

Mag7 stocks have added $2.3 trillion in market cap in Q2 so far... while the 493 other stocks in the S&P 500 have lost $720 billion...

Source: www.zerohedge.com, Bloomberg

20 Jun 2024

$NVDA, the road to $3,000,000,000,000

Great visual by Quartr 👌

20 Jun 2024

As highlighted by Sentiment Trader, market breadth for Nasdaq 100 QQQ is indeed a growing concern

The Nasdaq 100 continues to notch record high after record high. Many of its stocks are not only lagging, but they're falling to monthly, quarterly, or even yearly lows and below their 10-, 50-, and 200-day moving averages. This is not normal. In fact, it's never happened before to this degree. There is a possibility that the average stock will catch up to the index, that is not how things usually pan out. Almost never, in fact. Risk is high in that index.

20 Jun 2024

These look like trailing P/Es but the visual emains impressive

Source: Jeff Weniger

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