Here’s the current bull market (red line) charted against the nine other bulls since 1928 that lasted 1,000+ days:
Source: Bespoke
The pullback in CEO confidence hasn't shown up in capex intentions though.
“Planned business investment stayed the course in Q2, as most CEOs cited no revisions to capital investment plans. However, the share anticipating increases to capital spending plans in the next 12 months rose further, while fewer CEOs expect to reduce capex compared to Q1." Source: Neil Sethi
Tech giant SoftBank is up nearly 73% so far this year
AI demand powered the country’s stocks to an all-time high and helped Masayoshi Son’s company dethrone Toyota after more than 20 years at the top. Source: FT
South Korean stocks have more than quadrupled over the last 17 months, trouncing every other country.
The reason? 2 South Korean companies in the AI memory space, both of which now have a market cap above $1 trillion: SK Hynix & Samsung. Source: Charlie Bilello
The current market frenzy is far beyond the 2021 MEME STOCK MANIA
Retail investors are now spending a record 4.9 TIMES more money on semiconductor options contracts than the average seen since 2020, according to Citadel data. This is also exceeding the 2024 record by ~25%, when the AI chip frenzy first drove a surge in retail semiconductor options activity. In other words, retail investors are making record bets on semiconductor stocks. Source: Global Markets Investor, Citadel securities Afficher la traduction
Space ETF assets
Eric Balchunas, Bloomberg
Nasdaq at 875 trading days after the release of Netscape on 12/19/94: +144.55%.
Nasdaq at 875 trading days after the release of ChatGPT on 11/30/22: +144.77%. Past performance is no guarantee of future results! Source: Bespoke
Forward P/E Ratios...
Costco $COST: 45 Walmart $WMT: 36 Nvidia $NVDA: 17 Which one is the bubble? Source: Charlie Bilello
