12 Jul 2024
That RTY (Russell 2000) / NDX (Nasdaq 100) spread was over 600bps at its peak today.
By the close it was the biggest relative outperformance of the Russell 2000 over Nasdaq 100 since 2002... Source: Bloomberg, www.zerohedge.com
12 Jul 2024
US manufacturing mega-boom in 2 images
Source: Science is Strategic, The Economist
12 Jul 2024
🚨 🚨 🚨 HUGE SECTOR ROTATION OUT OF TECH AND INTO SMALL CAPS HAPPENING NOW 🚨 🚨 🚨
⬇ Nasdaq 100 $QQQ -1.0% ⬆ Russell 2000 $IWM +3.3% Source: Stocktwits
11 Jul 2024
We're in a slow-motion melt-up according to Ed Yardeni
Source: Business Insider
11 Jul 2024
The 50 largest stocks in the S&P500 have a median return of +13% this year while the 50 smallest stocks in the index are down 12%.
$SPX Source: Charlie Bilello
11 Jul 2024
Nvidia $NVDA P/E hardly changed last 18 months
Source: Mike Zaccardi, Goldman Sachs
11 Jul 2024
The S&P 500 climbed Wednesday to a fresh record, breaking above 5,600 for the first time, as a sharp rise in semiconductor stocks led the market higher.
The broad market index jumped 1.02%, closing at 5,633.91, and notching a seventh straight day of gains.
11 Jul 2024
In June, both ISM Manufacturing and ISM Services fell below 49.
Here are all months where both PMI readings were below 49 Source: Bespoke
