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
24 Jul 2023
Ever so quietly under the covers of a quiet summer week, US Macro data surprised to the downside, with the biggest weekly drop since Feb 2019...
Source: Bloomberg, www.zerohedge.com
24 Jul 2023
Credit Suisse raised its S&P 500 Year-End target to 4,700, becoming most Bullish Wall Street Bank
But as shown below, majority of Wall Street strategists have revised upwards their estimates for 2013. Source: TME, Bloomberg
