Over the last 15 years, the S&P 500 ($SPY) has gained over 360% vs. a 58% increase for the MSCI World ex-US ETF ($ACWX) and just 33% for the Emerging Markets ETF ($EEM)
This is the longest cycle of US outperformance that we’ve ever seen. Source: Charlie Bilello
Can it last?
$TSLA 👇Albert Bridge Capital thru Michel A. Arouet
95% of investors underperform the market
Source: JP Morgan
The largest automakers in the world by market cap
As highlighted by Oktay Kavrak, CFA, the largest US firm is only number 10. There is also an interesting (still relatively unknown) newcomer: VINFAST, a car brand from Vietnam. The stock is up nearly 700% since going public on the Nasdaq and - at least briefly - became the 3rd biggest automaker in the world and at one point was worth more than Boeing, Disney and Goldman Sachs. What is also notable is that VINFAST is not profitable yet. Moreover, the number of cars is still pretty low: 24,000 in 2022 (vs. millions for the more traditional automakers or Tesla). Source Chart: Leverage Shares
This chart from Morgan Stanley shows that growth stocks are missing in Europe. That's why European indices are trading like value stocks
Source: Morgan Stanley, HolgerZ
After the outstanding Nvidia figures and outlook, analysts have raised the avg price target for the chip giant from $520 to $620
Source: HolgerZ, Bloomberg
The median year since 1928 has experienced a 13% intra-year drawdown in the S&P 500, making 2023 relatively mild by comparison
The 7.8% pullback in February-March is the largest thus far. Soruce: Charlie Bilello
If Nvidia continues like this, the chip company will soon be as big as all 40 Dax comps combined
Source: Bloomberg, HolgerZ
