⚠️Corporate executives are EXTREMELY bearish:
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
JP Morgan Chase & Co. has begun publishing research reports on leading private companies.
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
⚠️ Global fund managers are under invested in US stocks:
▶️ 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
Warren Buffett Wealth By Age
Source: Brian Feroldi
Cost Basis Heatmap shows investors stepped in aggressively on the dip
They accumulated ~196.6K $BTC between $116K–$118K. That’s over $23B in value added near the local top, signalling strong conviction and possible positioning for further upside. Source: Glassnode
Investing advice by Warren Buffet.
At $4.3bn, equity-trading revenue for Q2 was about $600mln more than what analysts were expecting and $100mln above Q1. Source: HolgerZ, Bloomberg
The electrification theme in 4 charts
Platinum, palladium, copper, uranium. Four key metals in the electrification of everything. As highlighted by @DimitryFarberov on X, their quarterly charts are starting to come alive. • Copper just broke out of a 15+ year base • Platinum finally cleared its downtrend • Palladium trying to bottom at major support • Uranium still in its handle, consolidating after a huge move Different charts, same theme.
Oops... Jim Cramer just coined a new acronym PARC
Palantir $PLTR AppLovin $APP Robinhood $HOOD Coinbase $COIN Is it the end of the party for these 4 high flying stocks? Source: Evan on X
