Japanese stocks soared to a new all-time high for the first time in almost 35 years but based on global valuation metrics, they could still have room to run...
Source: Bloomberg, Barchart
Nvidia $NVDA hit a $2 Trillion Market Cap faster than any stock in history, including Apple $AAPL and Microsoft $MSFT
Source: barchart, factset
All-time highs are not the finish line.
The stock market surged to a record high last week, having eclipsed the previous high in January 2022 on the back of a new bull market that has delivered a 45% return since October 2022.1 The upshot is that bull markets do not tend to reach exhaustion upon hitting new highs. In fact, history shows that the initial breach of an all-time high tends to be more of a mile marker on the way to further gains Source: Edward Jones
Yes, the Eurostoxx 50 (orange line) is beating the NASDAQ (purple line) since the start of the year...
Source: TME
US equities are shrugging off higher rates.
The chart below shows the level of the S&P 500 Index and the 2-year U.S. Treasury yield. Yields have risen in 2024 but unlike prior episodes of rising yields last year, the S&P 500 has moved higher as well. Past performance does not guarantee future results. Source: Edward Jones
While markets are hitting all-time-highs, some insiders are off-loading their stocks
Source: Genevieve Roch-Decter, CFA
Market Breadth continues to look strong!
More than 72% of sp500 stocks are now trading above their 200D moving average. Source: Barchart
U.S. equity risk premium has fallen to its lowest level since the aftermath of the Dot Com Bubble.
This is the premium that investors receive to compensate them for taking on additional risk in the stock market instead of treasuries. Source: Barchart, BofA
