2 Aug 2023
The top 10 stocks in the S&P 500 now account for a record 31% of the ENTIRE index
Just 8 years ago, the top 10 stocks accounted for 17% of the index. A few stocks continue to drive the entire market. Source: The Kobeissi Letter
2 Aug 2023
Bonds are looking the most attractive vs stocks in decades, according to one metric
The gap between the earnings yield of the S&P 500 and the yield on the 10-year Treasuries dropped to around 1.1 percentage point last week, its narrowest since 2002. Source: Lisa Abramowicz
2 Aug 2023
August SP500 seasonality
Source: Bloomberg
2 Aug 2023
The Top Performing S&P 500 Sectors Over the Business Cycle
Source: Barchart, Markets in Minute
2 Aug 2023
If the S&P500 is going to take a well-deserved break, this would be a perfectly logical time in the cycle for that to happen according to S&P 500 pre-election cycle
Source: J-C Parets
31 Jul 2023
The S&P 500 Technology sector forward P/E to that of the SP500 is not as expensive as it was during the Internet bubble
However, the PEG ratio (forward PE divided by consensus long-term EPS growth rate) is roughly at the same level. Source: Game of Trades
31 Jul 2023
The SP500 is now 5% higher than where it was when the Fed started hiking rates in March 2022. $SPX
Source: Charlie Bilello
28 Jul 2023
With 46% of companies reported, S&P 500 Q2 GAAP earnings per share are up 7% over the last year, the highest YoY growth rate since Q4 2021.
Source: Charlie Bilello
