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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

12 Jul 2024

🚨 🚨 🚨 HUGE SECTOR ROTATION OUT OF TECH AND INTO SMALL CAPS HAPPENING NOW 🚨 🚨 🚨

⬇ Nasdaq 100 $QQQ -1.0% ⬆ Russell 2000 $IWM +3.3% Source: Stocktwits

11 Jul 2024

We're in a slow-motion melt-up according to Ed Yardeni

Source: Business Insider

11 Jul 2024

Nvidia $NVDA P/E hardly changed last 18 months

Source: Mike Zaccardi, Goldman Sachs

11 Jul 2024

In June, both ISM Manufacturing and ISM Services fell below 49.

Here are all months where both PMI readings were below 49 Source: Bespoke

10 Jul 2024

BREAKING: There are now a record 299,000 new homes for sale in the Southern US states, according to Reventure.

This is even higher than in 2006, a year before the housing market crash began. The number of new houses for sale in the South has nearly DOUBLED in just 4 years. Meanwhile, new home sales have officially dropped below pre-pandemic levels for the first time. It would take ~9 months current new inventory to sell if it sold at the current pace without new inventory coming to the market, 2nd longest duration since 2009. Source: The Kobeissi Letter, Reventure

10 Jul 2024

Apple $AAPL just closed trading today with a $3.506 TRILLION market cap

This is the first time any stock has ever closed a day worth more than $3.5 Trillion Source: Evan

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