24 Jul 2023
Dow component returns in 2023...
Source: Charlie Bilello
24 Jul 2023
FED QT continues w/balance sheet dropped by $22.4bn past week.
It is 6th week in a row that total assets shrink. Fed more than leveled the increase in the wake of the banking crisis from March. Fed balance sheet now equal to 31% of US's GDP vs #ECB's 53%, SNB's 121%, BoJ's 128%. Source: Bloomberg, HolgerZ
24 Jul 2023
Nasdaq is still lagging the average bear market recovery performance, per Bloomberg.
Source: Cheddar Flow
24 Jul 2023
Heat map of the NASDAQ 100's $QQQ performance so far in 2023
Source: Evan, Bloomberg
24 Jul 2023
A big week ahead for US earnings
Almost 50% of the SP500 (by market cap) will report 2Q results this week including some of the Magnificent Seven ($MSFT $META $GOOGL) but also $T $VZ $BA $F $KO $INTC $GM $MMM $GE $V $XOM $MCD $MA $PG and $BMY. Source: Earnings Whispers
24 Jul 2023
S&P 500 technical analysis -> The $SPX has finally and for the first time since the bear market began in 2022 and bull market began on Oct. 2023, executed a bullish Monthly MACD Crossover.
Source: Seth Golden
24 Jul 2023
Distressed US Offices Jump to $24.8 Billion, More Than Malls
Source: Bloomberg, C.Barraud
24 Jul 2023
Fun fact is that Japanese inflation is now higher than that in the US for the first time since October 2015.
Source: Bloomberg, www.zerohedge.com
