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
The NYSE A-D Line keeps making new highs. The US equity bull market is not just 7 stocks.
It's not just Tech. And it's not just large-caps. Yes some correction and rotation can take place from time to time. But it remains a bull market until proven otherwise. It's just a bull market... And it has been for over 2 years now. Source: J-C Parets
Unproductive debt...
Every new dollar of US debt generates just $0.58 of GDP Source: Mike Zaccardi, BofA
The amount raised by the former president is a record second-quarter haul that almost matches the sums raised during his entire 2016 campaign, according to an analysis of federal filings
Fundraising groups aligned with Donald Trump raised more than $400mn for his presidential election campaign between April and June — a record second-quarter haul that almost matches the sums raised during his entire 2016 campaign, according to a Financial Times analysis of federal filings. The figure, which is likely to grow as more of the political action committees that help fund campaigns report this weekend, is three times the first-quarter total and roughly double their contributions from the same period of the 2020 election. The massive windfall, which puts the Republican on track to outpace his Democratic rival President Joe Biden, came from small donors furious at Trump’s criminal conviction in New York and billionaires flocking to his campaign. Source: FT Link >>> https://lnkd.in/eijfGTMR
iShares US Treasuries 20y+ $TLT forms a Golden Cross with an upward-sloping 200D moving average for the first time since January 2019!
The last one sent the ETF soaring by almost 50% over the next 2 months. Source: Barchart
