S&P 500 priced in gold...this is what the stock market looks like in real money (looks like a big head and shoulders pattern...)
As highlighted by Quoth the Raven on X, "If we go back to 0.5x, that puts gold at $12,000, or the S&P at 1850 or they meet in middle at $9000/4500 which would be gold 2.5x and S&P -30%ish"
Stocks just saw the largest weekly inflow all year from retail investors
Source: Barchart
Foreigners own more US stocks than EVER
Overseas investors now own a RECORD 18% of the US equity market. Foreign investors collectively own ~$20 trillion of US stocks and ~$14 trillion in US debt, including Treasuries, mortgage and corporate bonds, according to Bloomberg. Source: Global Markets Investor, DB, Haver analytics
Warren Buffett and Berkshire Hathaway $BRK.B no longer own any shares of BYD - CNBC
Source: Evan
The Fed has cut rates by 25bps 47 times since 2000
Here’s how $SPY usually reacted the next week, month, quarter, and year. Source: Trend Spider
The Schiller P/E has hit 40 for the second time in history since the dotcom bubble.
Source: The Great Martis @great_martis
In case you missed it...
The Russell 2000 has joined the Dow, S&P 500, and Nasdaq 100 in hitting a record high – its first since 2021. That ends the longest drought without a new high in Russell 2000 ETF history. Source: J-C Parets
Yesterday's Russell 2000 heatmap by Finviz
That's a lot of green...
