$2.4 Trillion In Options Expire Today
There is over $2.4 trillion of notional in options exposure that will expire on Friday, including $510 billion notional of single stock options. Index options volumes continue to grow, driven by 0DTE/short-dated options. Meanwhile, single stock options volumes have rebounded to an 18-month-high fueled by significant growth in call options volumes. Google searches for "call options" just hit a 2 year high. source : gs, zerohedge
Seasonality
S&P 500 is Now Entering the Worst 2-Week Period of the Year Source : gs, barchart
The US equity market is rivalling 2000 and 1929 in terms of being its most concentrated in history, DB has calculated.
The top 5 stocks Microsoft, Apple, Nvidia, Alphabet & Amazon account for 25% of mkt cap of the S&P 500. source : holgerz
S&P 500 $SPX is now entering the worst 2-week period of the year based on data going back almost 100 years.
Source: Bloomberg
2024 YTD S&P 500 Returns by Sector
source : pauldejong
The S&P500 Index Returns Based on the Year of the Dragon
source : carson
Only 6 weeks into 2024, and the S&P 500 and other indexes have already reached new ATH's.
With the S&P up 5.38% YTD and the Nasdaq showing a 6.75% increase, let's see which stocks are the outperformers so far 1. $SMCI - Super Micro Comp - 160.4% 2. $ARM - ARM - 53.3% 3. $NVDA - Nvidia - 45.7% 4. $PLTR - Palantir - 42.0% 5. $CLFT - Confluent - 35.6% 6. $APPF - AppFolio - 34.9% 7. $META - Meta - 32.2% Source: KoyfinCharts Note: only companies with Mcap >$5B and an Altman Z-Score >3. No biotech companies.
The SP500 is already up 5.4% on the year, well above the 1.9% average gain Wall Street strategists were predicting for all of 2024. $SPX
Source: Charlie Bilello
