What a year for ETFs ‼️
ETFs crack $800b in YTD flows, that's a $5b/day pace. That puts them on pace to hit about $1.2T this year, a new record. Source: Bloomberg, www.zerohedge.com
I keep being told about all these tops people are seeing all over the market
I just see a lot of bottoms. Here are a few... Source: J.C. Parets
Essays of Warren Buffett
10 things we can learn. Source: The Investing for Beginners Podcast @IFB_podcast
Credit spreads have rarely been this tight.
So why are investors in corporate bonds undeterred despite the significant tightening in risk spreads (chart below)? Two reasons: 1) Higher yields ("risk free" component + spreads 2) More and more investors see corporate bonds as less risky than sovereign bonds Source chart: Bloomberg
😨 Worried about investing at all-time highs?
History says you shouldn’t be. Since 1989, forward returns after new highs have actually been better than at other times: 1yr: +13.5% vs +11.8% 3yr: +44% vs +39% 5yr: +82% vs +74%. Source: Charlie Bilello
Shorting the market is not an easy sport...
Below S&P 500 returns following Michael Burry’s stock market warnings... Source: Peter Mallouk
Let's hope that all that capex pays off
Source: @PeterBerezinBCA
If you buy individual stocks, you must know how to identify a moat
Source: Brian Feroldi
