16 Oct 2023
Cash + Treasury Bills now account for 15% of BoA's Global Wealth AUM, the highest level since the onset of the pandemic and one of the highest levels since the GFC
This could potentially limit the downside risk if that capital rotates back into stocks. Source: Barchart, BofA
12 Oct 2023
Microsoft $MSFT is devoting more than 13% of CAPEX to artificial intelligence, the highest amount out of the world’s top cloud service providers
Baidu $BIDU follows with nearly 10%, while Google $GOOG and Meta $META are putting between 6-7% of CAPEX to AI. Source: FT
12 Oct 2023
Warren Buffett’s Financial Statement Rules of Thumb
Source: Brian Feroldi
12 Oct 2023
Maximum 3-month total return 60/40 nominal drawdown
Source: TME, Haver
12 Oct 2023
How Companies Raise Capital
Watch these four balance sheet categories: by Brian Feroldi
11 Oct 2023
This is by far the longest bond bear market in history, at 38 months and counting...
Source: Charlie Bilello
10 Oct 2023
The famous Sunday calls
by Compounding Quality
9 Oct 2023
Relative performance of prior bull market leader vs. the next bull market leader (beginning of bull market = 100)
Source: BofA, TME
