3 Oct 2023
Q4 has easily been the strongest quarter of the year with an average gain that is more than twice the average of Q1 and Q2
Source: Bespoke
3 Oct 2023
On a growth-adjusted basis, the mega caps trade at the largest discount to the median S&P 500 stock in over six years
Source: TME, Goldman Sachs
2 Oct 2023
The S&P’s price has diverged from the trend for EPS estimates recently
The rise in bond yields probably explains this dichotomy
2 Oct 2023
Last month returns for the sp500 constituents in one chart
Source: Trading View
28 Sep 2023
Cash now earns more than the S&P 500 by the largest margin in 23 years
Source: TME, Bloomberg
28 Sep 2023
The equal-weighted S&P just went red YTD...
Source: Bloomberg, www.zerohedge.com
27 Sep 2023
The S&P 500 is now down 340 points, or 7.5%, since the Fed removed a recession from their forecast
On July 26th, the Fed raised rates and said they were not longer expecting a recession. The Fed marked the EXACT high in the S&P 500 which just hit its lowest levels since June. Since then, rate cut expectations were pushed out by a year and corporate bankruptcies hit their highest levels since the pandemic. Is the market losing faith in the Fed again? Source: The Kobeissi Letter
27 Sep 2023
Yes, the S&P 500 chart ($SPX) "looks" terrible (Head & Shoulders, trading below 50d and 100d MA, etc.) but it also looked ugly during September 2021 and had a last leg up in the 4 months that followed
Source: Nautilus Research
