US manufacturing mega-boom in 2 images
Source: Science is Strategic, The Economist
🚨 🚨 🚨 HUGE SECTOR ROTATION OUT OF TECH AND INTO SMALL CAPS HAPPENING NOW 🚨 🚨 🚨
⬇ Nasdaq 100 $QQQ -1.0% ⬆ Russell 2000 $IWM +3.3% Source: Stocktwits
We're in a slow-motion melt-up according to Ed Yardeni
Source: Business Insider
Nvidia $NVDA P/E hardly changed last 18 months
Source: Mike Zaccardi, Goldman Sachs
In June, both ISM Manufacturing and ISM Services fell below 49.
Here are all months where both PMI readings were below 49 Source: Bespoke
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
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
BREAKING 🚨 $AAPL is the most valuable company in the world once again Stock is up…
▪ 7.4% in a week ▪ 16.5% in a month ▪ 34.7% in 3 months Source: Stocktwits
