A huge dichotomy between CEO confidence (red line) which is probably at or near all-time low and the Nasdaq 100 (green line) which is near an all-time high...
Source: www.zerohedge.com
Welcome to panic-driven buying!
Going into this week: * Hedge funds just hit 100th percentile gross leverage * Biggest 6-week positioning jump since 2020. * Net buying at +2.5 SD (largest since Dec ’21) * Put protection near multi-year lows * "Offers wanted" floods GS desk This isn’t cautious buying—it’s panic-driven chase mode. Source: The Market Ear
From US exceptionalism to US bashing..
Looking forward to see the October cover page... Source: Jim Bianco, The Economist
Here’s how Wall Street’s year end 2025 targets for the S&P 500 have changed
Source: Blossom @meetblossomapp, Yahoo Finance
What a change in sentiment in less than 2 months...
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Nobody stays in a job for the perks.
People stick around when they have: 👉 Autonomy 👉 Trust 👉 Growth 👉 Fair pay 👉 Work-life balance Source: Corporate Rebels
US Small-Business Optimism Hits Highest Since 2018 Post Election
- Bloomberg thru Christophe Barraud on X
Americans have never been so worried about the year ahead:
The share of consumers uncertain about business conditions over the next year spiked to 51% in September, the most on record. The percentage has DOUBLED in 4 months. Over the last 30 years, the share of consumers concerned about short-term business prospects has never been so high. Americans have been hit by historically high costs of living, elevated borrowing costs, and the deteriorating job market. US households are struggling. Source: The Kobeissi Letter
