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22 May 2024

Bears of Wall Street

Source: Bloomberg

21 May 2024

Are large cap stocks losing popularity?

The number of large-cap US long-only funds has decreased by ~40% in 10 years, to its lowest level in decades. Since 2013, the number of large cap funds has declined from ~570 to ~340, according to Bank of America. In addition, active mutual funds have been consistently underperforming the market. More than 90% of actively-managed equity funds underperformed their benchmark in over the last 20 years. In 2023 alone, 60% of all active large-cap US equity funds underperformed the S&P 500. Source: Bank of America, The Kobeissi Letter

21 May 2024

Bears are capitulating...

Mike Wilson chief equity strategist of Morgan Stanley has revised his price target of the S&P 500 from 4,500 to 5,400 Notoriously a market bear, he had previously predicted a 15% drop by December for the index. Source: Radar, The Macro Guy, Bloomberg

16 May 2024

Do you remember March 2000 ???

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15 May 2024

The P/E ratio of Gamestop, $GME, has spiked to a WHOPPING 1,210x

In other words, it costs $1,210 to purchase just $1 of earnings generated by $GME. By comparison, the P/E ratio of Nvidia, $NVDA, is 34x. Meanwhile, $GME is up nearly 400% this month hitting its highest levels in over 2 years. Over 175 million $GME shares were traded on Monday, 30 TIMES the 1-year average, according to Bloomberg. Source: The Kobeissi Letter

15 May 2024

Non major macro weeks have been better...

Source: BofA

15 May 2024

Alibaba revenue vs. stock price over the last 10 years

Revenue: +2,047% Stock Price: -16% $BABA

15 May 2024

Radar🚨

BREAKING: Short sellers of GameStop $GME and $AMC have lost $5 billion in 2 days. Who are the short sellers by the way hedge funds ?

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