12 Aug 2024
Hedge Funds reduced their bearish Japanese Yen bets by the 5th largest amount in history (week ended August 6)
Source: Bloomberg
12 Aug 2024
A liquidity shock >>> SPX trading liquidity has collapsed the most on record over 2 weeks
Source: Bloomberg, Alessio Urban
12 Aug 2024
Market Is Punishing Negative EPS Surprises More Than Average for Q2
Source: Factset, Mike Z.
12 Aug 2024
After posting its worst and best day in over a year, the S&P 500 just closed the week down 2 POINTS.
That's a 0.04% decline in a week when the $VIX hit 65... Source: The Kobeissi Letter, Bloomberg
12 Aug 2024
The % of Bulls in the Investors Intelligence Sentiment Index moved down over 17% in the past 2 weeks (from 64.2% to 46.9%)
That's the biggest 2-week % drop in Bulls since the October 1987 crash. Source: Charlie Bilello
12 Aug 2024
This chart suggests that liquidity from the yen carrytrade has flowed into the Mag7
Source: Bloomberg, HolgerZ
9 Aug 2024
The S&P 500 officially posted its best day since November 2022.
Source: Bloomberg, The Kobeissi Letter
9 Aug 2024
Berkshire Hathaway is now holding 25% of their Assets in Cash, the highest % since 2004.
Historical average cash position: 14%. $BRK.B Source: Charlie Bilello
