Late November is historically a strong time of the year. Is this year going to be different?
Source: Ryan Detrick, CMT @RyanDetrick
⚠️Retail investors are ALL-IN on US equities:
Individual investors' equity allocation hit 70.5%, near the highest since the 2000 Dot-Com Bubble burst. This is also in line with the 2021 meme stock frenzy peak. Their cash allocation remains historically low at 14.7%. Source: Global Markets Investors
Zombie Companies (businesses unable to cover their debt payments) have reached the highest level in almost 4 years 🚨🚨🚨
Source: Bloomberg
Credit spreads of the hyperscalers (red line - inverted) continue to widen out...and start to put donward pressure on AI equity basket (green line)
Source: Zerohedge
The spread between tech and Bitcoin is stretched to historic extremes.
Either $BTC reclaims ground, or $NQ has unfinished business on the downside. Source: Trend Spider
”The AI Bubble” in perspective.
What if the doomsayers are right but they have been, and they continue, miss the last +30% of the ”bubble” for their told-you-so moment? This is indeed what already happened most of this year. Source: Emre Akcakmak, Bloomberg, FT
Billionaire investor Peter Thiel fully exited Nvidia $NVD in Q3, selling all ~537k shares that were nearly 40% of his fund, per his latest 13F.
Thiel Macro has cut US equity holdings from about $212m to $74m and is now basically parked in Tesla, Microsoft and Apple. Source: Wall Street Engine
The fact is: we're still in a bull market
Source: J-C Parets
