1 of the craziest stats in the market right now 👇
$AAPL announced a $110B stock buyback program in Q1. If you strip out the Mag 7 from the index, the average market cap for the S&P 493 is just $65B. $AAPL buyback program is 169% larger than the average S&P 493 company. Source: David Marlin
Hedge Funds dumped stocks at the fastest rate since January and, in particular, sold Industrials at the fastest pace in a decade.
Source: Goldman Sachs thru Barchart
Warren Buffett’s Current Portfolio
Source: Barchart
The Semiconductor Index, $SOX, relative to the S&P 500 has once again exceeded Dot-com bubble levels.
The Semis vs S&P 500 ratio has roughly doubled in just 2 years. This comes after a massive semiconductor sector rally of 85% compared to a 35% gain in the S&P 500. The rally has been led by NVIDIA, $NVDA, which has seen a 560% surge during this time. Meanwhile, the top 10% of stocks in the US now reflect ~75% of the entire market, the most since The Great Depression of 1929-1939. Source: The Kobeissi Letter, Bloomberg
Inflows to equities accelerated to +$12.88bn (largest in 2 months) this week.
via BofA
Deckers Outdoor acquired the Hoka brand roughly a decade ago.
At the time, Hoka’s annual sales were around $3 million. In the past year, sales topped $1.8 billion. And since the acquisition, Decker’s stock has risen by more than 2,000%... (btw I love these shoes !!!) Source: Jon Erlichman
2024 Global Equity Returns...
Source: Charlie Bilello
Nvidia is bigger than entire German stock market, the entire Australian market or the entire Korean market.
Canada and Saudi are within reach. Source: Bloomberg
