Syz the moment

Source: Reads with Ravi @readswithravi

Source: BlackRock thru Mike Zaccardi, CFA, CMT, MBA

So far this year, the cumulative gain by buying a down day in the S&P 500 and holding it only for the next session is +18% ... tied for the fourth-highest since 1948 Source: Kevin Gordon @KevRGordon

Source: Evan

11.1% of S&P 500 firms with the recent insider activity saw more buying than selling by corporate officers and directors, the LOWEST share EVER. 10 of the 11 sectors saw negative activity in all company sizes including large-cap. Source: Global Markets Investor

Marking a strategic shift as these firms wield growing influence over global markets, a source told Reuters on Friday. The bank's first note focuses on OpenAI, the ChatGPT creator that ignited Wall Street's AI frenzy with a valuation surpassing $27?billion. As IPO timelines stretch and private market valuations rival those of S&P 500 companies, institutional investors are seeking earlier insights into disruptors like SpaceX and TikTok parent ByteDance. In an internal memo, JPMorgan's head of global research, Hussein Malik, said the reports will provide structured analysis and market tracking but will exclude ratings and price targets. "Private companies are increasingly shaping industries, particularly in the new economy space," Malik wrote. The timing reflects explosive growth in private markets. North America alone hosts over 1,000 unicorn startups valued above $1?billion worth nearly $4 trillion collectively, according to PitchBook. Private capital markets, spanning venture and private equity, reached $18.7 trillion last year and are projected to hit $24 trillion by 2029. RTTNews, Bloomberg

▶️ Professional investors have remained UNDERWEIGHT US equities versus global stocks for the 5th consecutive month. 👉 Meanwhile, the MSCI World Ex. USA index is up 17% year-to-date, beating the S&P 500 gain of 7%. Source: Global Markets Investor, BofA

Source: Brian Feroldi