BREAKING: The S&P 500 is down 85% in Bitcoin terms since 2020.
Source: Bitcoin Archive @BTC_Archive
⚠️Corporate executives are EXTREMELY bearish:
11.1% of S&P 500 firms with the recent insider activity saw more buying than selling by corporate officers and directors, the LOWEST share EVER. 10 of the 11 sectors saw negative activity in all company sizes including large-cap. Source: Global Markets Investor
World's Most Valuable Defense Companies
Source: Global Statistics
10 Years ago, JPMorgan had a lower market cap than Wells Fargo.
Today, its market cap of $800 billion is higher than its 3 largest competitors (BofA, Wells Fargo, Citigroup) combined. Too big to fail? We're way past that. Source: Charlie Bilello
⚠️ Global fund managers are under invested in US stocks:
▶️ Professional investors have remained UNDERWEIGHT US equities versus global stocks for the 5th consecutive month. 👉 Meanwhile, the MSCI World Ex. USA index is up 17% year-to-date, beating the S&P 500 gain of 7%. Source: Global Markets Investor, BofA
The SP500's CAPE Ratio is about to cross above 38 for the 3rd time in history, now higher than 98% of historical valuations. $SPX
Source: Charlie Bilello
$10,000 invested in Netflix at its IPO in May 2002 is worth over $10 million today. $NFLX
Source: Charlie Bilello
Berkshire Hathaway is now underperforming the S&P 500 by almost 23 percentage points since Warren Buffett announced his retirement 📉📉
Source: Barchart
