Straight from the Desk
Syz the moment
Live feeds, charts, breaking stories, all day long.
- All
- us
- equities
- Food for Thoughts
- macro
- Bonds
- Central banks
- Asia
- sp500
- investing
- technical analysis
- bitcoin
- markets
- inflation
- interest-rates
- europe
- Crypto
- Commodities
- ETF
- AI
- nvidia
- tech
- Forex
- earnings
- gold
- performance
- Real Estate
- oil
- bank
- geopolitics
- apple
- nasdaq
- Alternatives
- Volatility
- energy
- magnificent-7
- switzerland
- sentiment
- emerging-markets
- trading
- ESG
- Money Market
- tesla
- Middle East
- UK
- assetmanagement
- bankruptcy
- meta
- russia
- Turkey
- France
- amazon
- ethereum
- microsoft
- Industrial-production
- africa
- Healthcare
- Market Outlook
- brics
Hong-Kong listed Chinese stocks are soaring this morning as China July politburo statement is more dovish than expected.
China wows to adjust and optimitize property policy and aims to support domestic economy. Source: CNBC
J.P. Morgan asked investors if they plan to increase or decrease exposure to stocks in the coming days/weeks
We’re down to only 17% of respondents who are looking to add to equity exposure. From a contrarian perspective, this is a positive. Source: J-C Parets
The S&P has gone 37 days without a 1% decline – last seen at the NOV 2021 Top
Many similar streaks ended with some big volatility spike. Source: Macrocharts
Is netflix still a growth stock?
Netflix Q2 revenues were 2.7% higher than a year ago, the second lowest growth rate in company history (lowest was 1.9% in Q4 2022). $NFLX Source: Charlie Bilello
Tesla reported earnings after the bell, showing a record for quarterly revenue but lower margins thanks to price cuts and incentives.
The stock price remained flat after the initial report, but began dropping during the earnings call as CEO Elon Musk and other executives failed to deliver precise specs and start of delivery dates for the Cybertruck, and for a robotaxi-ready vehicle. Musk and other execs also said during the call that vehicle production would slow down during Q3 due to shutdowns for factory improvements. The stock was down as much as 5% after hours. $TSLA Tesla Q2 FY23: • Revenue +47% Y/Y to $24.9B ($200M beat). • Gross margin 18% (-7pp Y/Y). • Operating margin 10% (-5pp Y/Y). • Capex +19% Y/Y to $2.1B. • Free cash flow +62% Y/Y to $1.0B. • Non-GAAP EPS $0.91 ($0.09 beat). • Deliveries +83% Y/Y to 466,140. Source: App Economy Insights, CNBC
Despite weak US retail sales, yesterday was another strong session for us stocks after Microsoft $MSFT announced new pricing for its AI offerings...
For context, $MSFT and $NVDA have added $175BN market cap today, more than the mkt cap of 462 S&P companies, and more than the value of Nike, Wells Fargo, Walt Disney, Morgan Stanley, Intel, etc This ai related news drove value back near its record lows relative to growth... Source: Bloomberg, www.zerohedge.com
Nice look at just how powerful the "Super 7" stocks have been to $SPY and $QQQ, contributing to 75% of their YTD gains.
This has sparked a torrent of flows into equal-weighted SPX ETF $RSP, which has blown away all other smart-beta #ETFs in flows this summer w/ +$6b, Sourc: Eric Balchunas, Bloomberg via JSeyff
Investing with intelligence
Our latest research, commentary and market outlooks