US - Market Strategy 03 (Jan 24 - Dec 26)

[behappyalways]

Global equity flows since Election Day
https://x.com/biancoresearch/status/1865043558790488247

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

Morningstar (MORN)... financial services
Robinhood Markets (HOOD)... stock-trading app
Block (SQ)... cashless payments
PayPal (PYPL)... cashless payments
Amazon (AMZN)... Big Tech
Apple (AAPL)... Big Tech
Meta Platforms (META)... Big Tech
Netflix (NFLX)... streaming giant
Twilio (TWLO)... cloud services
Garmin (GRMN)... GPS technology
Booking (BKNG)... online travel services
Carnival (CCL)... cruises
Royal Caribbean Cruises (RCL)... cruises
Hilton Worldwide (HLT)... hotels
Hyatt Hotels (H)... hotels
Shake Shack (SHAK)... fast food
Williams-Sonoma (WSM)... cookware and decor
U.S. Foods (USFD)... packaged foods
Walmart (WMT)... discount-retail giant
Costco Wholesale (COST)... membership-only stores
Cummins (CMI)... diesel engines
Wabtec (WAB)... rail technology

NEW LOWS OF NOTE LAST WEEK

Rogers Communications (RCI)... Canadian telecom
Mondelez International (MDLZ)... candy and snacks
LyondellBasell Industries (LYB)... chemicals
Frontline (FRO)... oil tankers

Source: Daily Wealth

[behappyalways]

Mag 7 ain't cheap here
https://x.com/Mayhem4Markets/status/1865489602464694484


The price-to-book ratio on the S&P 500 hasn't been this high since around 1999, per BofA
https://x.com/Mayhem4Markets/status/1865767650732724250

[winston]

We Have a Broad and Healthy Rally Right Now

by Brett Eversole

Consider that during the postelection rally…
Every major U.S. index hit an all-time high.
The S&P 500 Equal Weight Index hit an all-time high.
Mid-cap stocks hit an all-time high.
Small-cap stocks hit an all-time high.
Financial, transportation, and industrial stocks all hit all-time highs together, too… a sign of a strong economy.

If you still think the Magnificent Seven is the only group of stocks driving the market higher, you’re dead wrong. This is as broad and healthy a period as we’ve seen since the bull market took off two years ago.

The best time to make money is when things are working… when there’s a broad and healthy rally in place. And that’s exactly what we have right now.

You want to stay bullish until that changes.

Source: Daily Wealth

https://tradesoftheday.com/2024/12/13/w ... right-now/

[behappyalways]

Equity inflows in November were the highest since 2000. This is what FOMO looks like
https://x.com/Mayhem4Markets/status/1866350155064127504


This will be the S&P 500's 9th consecutive session with negative breadth
https://x.com/jasongoepfert/status/1867309528573956329

[behappyalways]

The stock market achieved something it has not done since 2001...nine straight days of more stocks dropping than going up (negative breadth). All while the NASDAQ made a new all-time high yesterday. Food for thought.
https://x.com/GarethSoloway/status/1867356271562961022


Less than 50% of $SPX members remain above their 50-day moving average heading into the weekend. Last time we dipped below 50% was at the Halloween low... but much deeper pullbacks tend to start this way too!
https://x.com/DKellerCMT/status/1867652464373018780


The top performing S&P 500 stocks over the past 5, 10, 15 and 20 years. $NVDA dominates every list.
https://x.com/Mayhem4Markets/status/1867666930040975459

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

Jefferies Financial (JEF)... investment banker
Twilio (TWLO)... cloud services
Arista Networks (ANET)... cloud technology
F5 (FFIV)... cloud technology
Broadcom (AVGO)... semiconductors
Astera Labs (ALAB)... semiconductors
Marvell Technology (MRVL)... semiconductors
Ciena (CIEN)... telecom equipment
Lumentum (LITE)... telecom equipment
Fox (FOX)... mass media
Madison Square Garden Sports (MSGS)... pro sports teams
Cal-Maine Foods (CALM)... eggs
Primo Brands (PRMB)... bottled water
Williams-Sonoma (WSM)... cookware and decor
O'Reilly Automotive (ORLY)... auto parts
Urban Outfitters (URBN)... apparel

NEW LOWS OF NOTE LAST WEEK

Biogen (BIIB)... biotechnology
Regeneron Pharmaceuticals (REGN)... biotechnology
Guess (GES)... apparel
ConocoPhillips (COP)... oil and gas
LyondellBasell Industries (LYB)... chemicals

Source: Daily Wealth

[behappyalways]

US stocks now make up 65% of the global equity market, their highest weighting in history. This is more than 11x bigger than the second largest country by market cap (Japan at 5.5%).
https://x.com/charliebilello/status/1868342987094179987


2024 has been yet another year of a narrow market, with just 31% of stocks in the S&P 500 outperforming the index.
https://x.com/Mayhem4Markets/status/1868575672094097891


BofA Says Stocks Flash Sell Signal After Cash Holdings Tumble (Bloomberg)
- Cash as percentage of assets under management falls to 3.9%
https://x.com/cfromhertz/status/1869000799726309760

[behappyalways]

Which US Companies Receive The Most Government Subsidies?
https://www.zerohedge.com/political/whi ... -subsidies

[behappyalways]

The 10 largest stocks in the S&P 500 now represent 39.9% of the index's market cap
https://x.com/KevRGordon/status/1871193259709432299