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15 Jul 2024

The market is increasingly becoming more driven by earnings than multiples.

Source: BofA, Mike Zaccardi

15 Jul 2024

US 2s/30s yield spread briefly turns positive for 1st time since January

Source: HolgerZ, Bloomberg

15 Jul 2024

Inflows to US large cap funds on pace for 2nd largest on record.

Source: Flow Show, TME

15 Jul 2024

The current equity bull market explained in 4 charts...

Source: TME, BofA

15 Jul 2024

A landslide and sweep victory for Trump, this probably reduces uncertainty which is positive for stocks, BTC and the dollar.

Meanwhile, this could lead to more upward pressure on bond yields and a steepening of the yield curve. We also expect the "pro-republican" type of stocks to move higher. Pro-trump / republican seep victory sectors include Energy, Defense, Immigration-enforcement, For-profit education, Financials, some healthcare stocks, etc. Among the losers: Tech, Renewables, etc. From a geographical point of view, some US-friendly countries (India, Vietnam, etc.) might benefit from a Trump re-election. China and Mexico (and US stocks related to them) might suffer. Same for European autos exporters for instance. Source table: Bob Elliott

15 Jul 2024

Romanian stock market index BET has outperformed the Nasdaq 100 over the past 5 years.

Source: Holgerz, Bloomberg

12 Jul 2024

Yesterday's "SIZE" rotation put into perspective.

US small caps outperformed large caps by 4.5% on Thursday, a 6 standard deviation event and the 2nd biggest outperformance on record (trailing only the 10 sigma differential on October 10, 2008). This brutal rotation is taking place after a huge period of small-caps underperformance vs. large caps $IWM $SPY Source: Charlie Bilello, Steno Research

12 Jul 2024

US manufacturing mega-boom in 2 images

Source: Science is Strategic, The Economist

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