"A generational transfer in free cash flow is taking place"
- BofA Source: zerohedge
As somewhat of a rarity this decade, small caps (Russell 2000) are outperforming large caps (S&P 500) so far in 2026.
If sustained to the end of the year, it would end 5-years of consecutive annual outperformance by large caps. Source: Koyfin
Biotech bull
After enduring a 62% collapse, biotech has come roaring back. A combination of M&A optimism and positive clinical news has propelled XBI 156% off its 2023 lows, putting the ETF within touching distance of its 2021 highs. Source: TME
Tech Insiders are buying at the fastest pace in history 🚨🚨
Source: BofA, Sentimentrader
Extraordinary 3.5 years 🚀
With nearly a century of market history as the backdrop, the S&P 500's surge since late 2022 stands out as one of the more extraordinary rallies in modern market history. Source: The Market Ear
Token spending index rolling over again, down to 2.5 month low
Source: zerohedge
🚨 Markets sold off in the market as US Central Command forces have begun a series of powerful strikes on Iran in retaliation for Iranian attacks on commercial vessels in the Strait of Hormuz.
The US military called Iran's hostility "unjustified, perilous, and a clear breach of ceasefire." Iranian state media reports seven explosions in Sirik. $1 TRILLION was wiped out from stocks, precious metals, and crypto within 30 minutes after the US announced it was revoking Iran's oil export license Gold dumped -1.33% Silver dumped -2.67% Nasdaq dumped -1.87% S&P 500 dumped -0.46% Oil jumped 5% Source: Bull Theory Crypto is down $27 billion.
In case you missed it... France's 10y risk spread over Germany slightly rises as Le Pen cleared to run in 2027 French Presidential Election race.
Source: HolgerZ, Bloomberg
