JUST IN 🚨: China dumped an ALL-TIME HIGH $42.6 billion worth of U.S. Securities in May
Source: Barchart
The US dollar index $DXY and the 10-year yield $TNX are both breaking down.
Source: Steven Strazza, All Star Charts
Over the last few months, week-ends have been full of surprise
Can we get a new one this week? Obama says President Biden "needs to seriously consider the viability of his candidacy." Top Democrats have said Biden may drop out of the 2024 election AS SOON AS THIS WEEK-END. Odds of Biden winning election are plummeting again (note that the fact he is COVID-positive doesn't help either) Source: The Kobeissi Letter
2025 and 2026 look much better for US small caps earnings, relative to large caps
Source: JPM, RBC
Here’s what JD Vance’s portfolio looks like
Source: Savvy Trader
For US small caps, rates just as important as growth since 2022.
And as we know, March of 2022 is when the hiking cycle began... Source: GS, RBC
A large portion of Russell 2000 debt load is floating
It thus makes a lot of sense that small-caps were the most hot by monetary policy tightening / higher interest rates. Now the Street is anticipating rate cuts, small-caps underperformance might be coming to an end... Source: GS
The biggest outperformance of small-cap stocks over large-cap stocks, over a 5-day period, in history.
Data starts in 1978 Source: Jim Bianco
