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11 Oct 2022

#nasdaq

Nasdaq 100 ETF ($QQQ) at a critical juncture. A break from its current support could accelerate the downside. Source: Bloomberg, Crescat Capital

11 Oct 2022

#us #earnings

Third-quarter earnings season begins next week with several big banks reporting; Citigroup, JP Morgan Chase, Morgan Stanley all set to report. Source: Earnings Whispers

11 Oct 2022

#sp500 #presidential-cycle

S&P Performance from November through April in Mid to Pre-election Years. Source: waynewhaley

11 Oct 2022

#reits #commodities

Cross-assets chart of the day: real estate (Dow Jones US REIT index) expressed in commodity prices ($REIT:$CRB). Will the asset rotation last? Source: Tuur Demeester

11 Oct 2022

#us #equities #sector #performance

Energy stocks continue to significantly disconnect from the rest of the market. Let’s not forget: - At 11% FCF yield, the overall sector remains cheap; - It remains a low weight in main benchmarks and is underinvested by most fund managers; - While the sector is not ESG friendly, many Oil majors are now becoming more responsible and are investing into Renewables. Source: Crescat Capital, Bloomberg

11 Oct 2022

#german #mortgages

It‘s a huge difference if someone buys property with 0,8% or 4% mortgage just one year later.. Yields of German mortgage-backed securities (so-called Pfandbrief) have risen to highest level since 2011. Consumers have to pay almost 4% for 10y mortgage loans, 4 times as much as at the start of the year. Volume of mortgage loans has slumped 16% YoY. Source: HolgerZ, Bloomberg

11 Oct 2022

#tlt #us #treasuries

The iShares 20+Year Treasury #etf ($TLT) is now trading below $100. This is a -41% drawdown from 2020 peak. This ETF used to be the favorite diversifier in the pre-2021 world. Source: The Market Ear, Refinitiv

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