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19 Jul 2024

BREAKING 🚨: Hedge Funds

Long/Short Hedge Funds suffered their worst day yesterday since the 4th quarter of 2022. Source: Barchart

18 Jul 2024

⚡ The carnage is real.

Yesterday was Nasdaq 100 $QQQ worst day since December 2022. Source: Trend Spider

17 Jul 2024

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

17 Jul 2024

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

12 Jul 2024

Yesterday's "SIZE" rotation put into perspective.

US small caps outperformed large caps by 4.5% on Thursday, a 6 standard deviation event and the 2nd biggest outperformance on record (trailing only the 10 sigma differential on October 10, 2008). This brutal rotation is taking place after a huge period of small-caps underperformance vs. large caps $IWM $SPY Source: Charlie Bilello, Steno Research

12 Jul 2024

It has now been over 220 days without a 5% pullback in the S&P 500, the 3rd longest streak in the last 10 years.

The last time a 5% correction occurred was in the second half of 2023. Overall, over the last 34 years, the longest stretch lasted for ~550 days in 2016-2018. Meanwhile, the S&P 500 has skyrocketed by 33% since October and 15% year-to-date in one of its best rallies in years. Source: The Kobeissi Letter, Goldman Sachs

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,

11 Jul 2024

We're in a slow-motion melt-up according to Ed Yardeni

Source: Business Insider

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