Cathie Wood goes on a dip-buying spree
Source: Bloomberg
There's the rest of the market .. and then there's $NVDA
Source: Markets & Mayhem
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
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
The S&P 500 officially posted its best day since November 2022.
Source: Bloomberg, The Kobeissi Letter
China’s imports grew faster-than-expected in July, while export growth came in below forecasts, according to customs data released Wednesday.
U.S. dollar-denominated imports rose in July by 7.2%, far more than the forecast of 3.5%, according to the poll. China’s imports from the U.S. surged by 24% year-on-year in July, according to CNBC calculations of official data. Source: CNBC
NASDAQ FUTURES CLOSE TO TRIGGERING CIRCUIT BREAKER.
The limit-down level for the current $NQ contract is at 17,265.25, or a 6.9% drop from Friday's close. This has not happened since the COVID selloff in March 2020. Source: Trend Spider
The S&P 500 is down 5.7% from its closing high on July 16, the largest drawdown of the year.
The index is still up 13% year-to-date including dividends. No risk, no reward. $SPX Source. Charlie Bilello
