July has been up 9 years in a row and the first half of July is one of the strongest periods of the year.
This strength shouldn't be too surprising. But be aware historically July peaks on the 17th, so tomorrow. Source: Ryan Detrick
Russell 2000 $IWM is catching up with S&P500...
Russell 2000 is now up +11.3% YTD (with 10.3ppt has come in the last 5 sessions...) versus + for S£P 500 +19.35% YTD Source: Mike Zaccardi
History was made yesterday! The Russell 2000 closed 4.4 standard deviations above its 50-day moving average.
No other major US index (Dow since 1900, S&P 500 since 1928, and Nasdaq since 1971) has ever closed at that much of an extreme. Source: Bespoke
BlackRock generated $4.8 billion in revenue in the quarter, an 8% increase from the same period last year.
This growth was driven by a record $10.6 trillion in assets under management, led by high ETF flows. Source: Genuine
"Trump trade" (or the inflation rotation trade?) – Russell long vs Nasdaq 100 short – gains momentum.
Source: HolgerZ, Bloomberg
🚨 GOLD HITS $2,453 - A NEW ALL TIME HIGH 🔥
🔉 Just as Powell signals rates cuts before inflation comes down to 2%... Source: Bloomberg
Copper's $5 level reminds of the gold's critical $2,000 mark
nce gold breached that resistance, it kept moving with authority. Are we setting the stage for a similar move in copper? Source: Tavi Costa, Bloomberg
Goldman Sachs Republican winners versus losers basket (i.e long stocks likely to benefit from a Trump victory / short those who are likely to suffer from it) added 2.77% yesterday
Source: Bloomberg, RBC
