Make defense industry great again..
France Armies Minister Sébastien Lecornu encourages the French “to invest money patriotically to finance Defense”.
Investors are extremely bullish—heavily invested in stocks while betting against everything else.
Cash levels have dropped to just 3.5%, the lowest since 2010, according to the BofA Fund Manager Survey. Source: BofA
One-Pager on The Intelligent Investor
Source: Daniel @MnkeDaniel on X
Overweight technology is a crowded trade.
"Goldman Sachs: Most of our clients expect Technology to outperform in 2025" Source: Mike Zaccardi, CFA, CMT, MBA
Incredible stat: 98% of Warren Buffett's current net worth of $146 billion came after he turned 65
"My life has been a product of compound interest." - Warren Buffett Source: Peter Mallouk
An important remainder ahead of Trump inauguration:
"Don't let your politics get in the way of your investing. The market finds a way forward, regardless of who is in power. The market soared under both Trump and Biden, as it has under most presidents" - Peter Mallouk
Bullish sentiment is through the roof: US households, mutual funds, pension funds, and foreign investors' financial asset allocations in US stocks hit a record 54%.
Since the 2009 low, this percentage has DOUBLED, exceeding the 2000 Dot-Com Bubble peak of 51%. On the other hand, allocation to debt instruments like bonds has dropped by 9 percentage points to an all-time low of 18%. At the same time, cash allocation has fallen to 13%, near the lowest on record. Investors are all-in on stocks.
What Buffett Looks For and What to Avoid:
Source: The Investing for Beginners Podcast @IFB_podcast on X
