8 Nov 2023
8 straight day higher for Nasdaq and 7 straight for S&P - the longest winning streaks since Nov 2021...
Source: Bloomberg, www.zerohedge.com
7 Nov 2023
Total Returns since inception of the S&P 500 ETF in January 1993...
S&P 500 ETF $SPY: +1,640% Berkshire Hathaway $BRK.A: +4,100% Apple $AAPL: +40,580% Source: Charlie Bilello
3 Nov 2023
This sweet spot where you have "pretty solid" companies with ROE of 10-20% and price-to-sales ratios under 1.0 is virtually non-existent in the US
Only 20 companies in the S&P 500 fit that profile. In Japan, such companies are one-sixth of the Nikkei 225 - source: Jeff Weniger
1 Nov 2023
The SP500 $SPX continues trading inside the almost perfect channel that has been in place since July highs
So far this is just a reversal off the lower part of the channel. First resistance is around the 200 day moving average, currently at 4260ish. Note the 50/100 day cross very much in "force". Source: TME, Refinitiv
1 Nov 2023
S&P 500 Q3 GAAP earnings per share are 18% higher than a year ago, the 3rd straight quarter of positive YoY growth. Quarterly earnings are now just 2% below the record high from Q4 2021
Source: Charlie Bilello
1 Nov 2023
In case you missed it... The SP500 Equal Weighted Index is now down more than 5% this year...
Source: Barchart
30 Oct 2023
Here’s a look at the four 10%+ corrections we’ve had in the last two years
Just registered 4 last week. How deep will this one end up being? Source: Bespoke
27 Oct 2023
The S&P 500 is now down over 10% from its high in late July, the largest drawdown thus far in 2023
Is such a decline unusual? Not at all according to Charlie Bilello. A 10% intra-year drawdown has happened every 1.6 years on average.
