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Heat map of the S&P 500's $SPY performance so far in 2023
Source: Evan, Bloomberg
If analysts are correct, $NVDA will generate more revenue & EBIT over the upcoming three (3) years than in ALL its previous 25 years COMBINED.
Source: Quartr
All S&P 500 gains this year came from the AI boom/mania, all other stocks are flat reflecting concerns about global economic slowdown
Source: Michael A. Arouet
Bloomberg's Dollar Spot Index is on track for its 8th consecutive green week, its longest winning streak in history (with data going back to 2005)
Source: Barchart, Bloomberg
As Goldman's Brian Garrett noted yesterday, it has been 91 days since the sp500 suffered a 1.5% loss or greater in a day...
That's unusual - it has happened only 5 times in the last 15 years. As we have discussed recently, Sep + Oct are seasonally-volatile months... Source: Goldman Sachs
After the outstanding Nvidia figures and outlook, analysts have raised the avg price target for the chip giant from $520 to $620
Source: HolgerZ, Bloomberg
The median year since 1928 has experienced a 13% intra-year drawdown in the S&P 500, making 2023 relatively mild by comparison
The 7.8% pullback in February-March is the largest thus far. Soruce: Charlie Bilello
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