🚨Are investors too complacent?
The US equities put/call ratio fell from the highest level in 12 months to the 2nd-lowest level this year. Since the 2022 bear market, the put/call ratio has rarely been this low. Source: Global Markets Investor
Since 2016, S&P 500 has only had 2 red months during the May-July period 📈📈📈
Source: barchart
Yes, 2025 is likely to be a record year for EU equities funds inflows (according to BofA/EPFR, +$110bn inflow annualized, which will be the biggest since '15).
But despite all the US bashing, it could be a very strong year for US equities inflows as well. Indeed, US equities funds are on course for $416bn inflow, the 2nd biggest year ever... Source: BofA, EPFR
The jump in long equity positioning last week was the largest on record, per Deutsche Bank!
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$1.2 Trillion of S&P 500 $SPX notional options exposure is set to expire on Friday with a max pain price currently sitting at 5,840
Source: Barchart
WARREN BUFFETT'S BERKSHIRE HATHAWAY JUST FILED A 13F UPDATING HIS PORTFOLIO FOR Q1'25.
Adds: $POOL, $STZ, $DPZ, $OXY, $SIRI, $VRSN Exits: $NU, $C Reductions: $CHTR, $DVA, $COF, $BAC, $TMUS, $FWONK HERE’S A LOOK AT ALL HIS HOLDINGS: Source: Wall St Engine on X
The ratio of the US Health Care sector to the S&P 500 is at its lowest level since January 2001.
The Health Care Sector is down 9% over the past year while the S&P 500 is up 14%. $XLV $SPY Source: Charlie Bilello
The post-liberation day rebound is almost as fast as the covid bounce.
Only difference is this time the Fed did not inject several trillion Source: zerohedge
