TRADE DESK IS JOINING THE S&P 500
Trade Desk $TTD will replace ANSYS in the S&P 500 before the markets open on July 18th.
The electrification theme in 4 charts
Platinum, palladium, copper, uranium. Four key metals in the electrification of everything. As highlighted by @DimitryFarberov on X, their quarterly charts are starting to come alive. • Copper just broke out of a 15+ year base • Platinum finally cleared its downtrend • Palladium trying to bottom at major support • Uranium still in its handle, consolidating after a huge move Different charts, same theme.
Oops... Jim Cramer just coined a new acronym PARC
Palantir $PLTR AppLovin $APP Robinhood $HOOD Coinbase $COIN Is it the end of the party for these 4 high flying stocks? Source: Evan on X
Gold now outperforming the U.S. Stock Market (dividends included) over the last 25 years.
Incredible! Source: Barchart
Wide dispersion among the Mag 7 so far this year
-Nvidia/Meta/Microsoft outperforming -Amazon/Google/Apple/Tesla underperforming Big shift from the previous few years when they all moved in tandem. Source: Charlie Bilello
Our Global M2 proxy continues to point to supportive liquidity dynamics for risk assets in the weeks ahead, even if the charts suggest a potential pause in the upward trend for the short-run.
➡️ Liquidity continues to be injected, not only in the US (with M2 reaching a new all-time high in May), but also in Europe and China, and the USD weakness is supportive of global liquidity conditions. ➡️ The link between our Global M2 proxy and the Bitcoin, but also the S&P500 and the MSCI World, continues to hold quite well! This is NOT an investment recommendation. Many factors influence the price of assets. Do your own research. Source: Adrien Pichoud
Buy $AAPL Apple stock off the 200-week SMA proved to be a winning strategy in the past.
NB: This is NOT an investment recommendation. Do your own research Source: TrendSpider
BofA private clients: 64% stocks, highest since March 2022
10.7% cash, lowest since October 2021 (Hartnett) Source: Mike Zaccardi, CFA, CMT, MBA
