The Magnificent 7 is officially in bear market territory 🐻
Source: Koyfin
The SP500 clawed back earlier losses on Monday to end the session higher after briefly touching six-month low.
However, the tape wasn't all that bullish despite the big reversal. Indeed, Tech completed a top relative to $SPY while defensive stocks completed a bottom. Not the kind of risk appetite you want to see on a rally. Source: Steven Strazza
🔴 They really waited until the last 10 minutes..
Yesterday's "Market On Close" buy imbalance (for pension buying) was the highest on record (source: Goldman) Source: GS, www.zerohedge.com
Fastest market corrections since 1950
Source: Fundstrat
Worst quarter for US stocks relative to the rest of the world in 23 years
Source: Bloomberg Opinion, www.zerohedge.com
Since Trump’s second term began, the US $SPY is trailing Germany $EWG by more than 19 percentage points and China $MCHI by more than 24 percentage points.
A steep hill to climb already for those keeping score. Source: Bespoke @bespokeinvest
This is a very important chart.
Leveraged loans have already broken down. Will junk bonds start to roll over as well? Source: Bloomberg, Crescat Capital
Economic miracle in poland...
This took place in just ONE generation... No secret sauce: Free market, hard work and entrepreneurial spirit. Source: Michel A.Arouet
