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The top 10 largest stocks in the world are now worth a combined $19.17 Trillion up from $18.18T last week
Source: Evan
Goldman Sachs strategists say stocks unlikely to sink into bear market
Source: Bloomberg
$SPX The last two bullish engulfing patterns:
Today and May 31st. Source: Frank Cappelleri
All it took was 5 words... Nvidia's Huang says "demand for chips is great", sparking huge rally in $NVDA and the S&P...
NVIDIA CLOSED THE DAY UP 8%. NVDIA ADDED $220 BILLION DOLLARS TODAY FOR CONTEXT INTEL IS WORTH JUST $80 BILLION NOW THAT MEANS NVIDIA ADDED ALMOST 3 INTELS JUST TODAY 🤯 Source: www.zerohedge.com, GURGAVIN
$ALLY tumbled 17.5% yesterday as auto loan repayments see rising delinquency rates spook investors
More evidence that a growing portion of consumers are increasingly struggling. Source: Markets & Mayhem
Oil prices tumble to their lowest level since December 2021 on global growth worries.
Brent crude dropped <$70/bbl after the Saudi-led OPEC cut its growth projections for the world's appetite for oil. Source: HolgerZ, Bloomberg
2024 S&P Sector Returns...
Utilities $XLU: +22% Consumer Staples $XLP: +17% Tech $XLK: +6% Consumer Discretionary $XLY: +2% Leadership has turned. This is a big shift from 2023.
Markets tend to struggle from now until mid-October during Presidential election years
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