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

[behappyalways]

What Tesla’s Sliding Stock Says About Apple, Amazon and Other Big Tech Companies | WSJ
https://m.youtube.com/watch?v=ZwDOrPR_TbY

[winston]

The US is heading towards stagflation, which would be terrible news for stocks, JPMorgan says

by Yuheng Zhan

There's a 50-50 chance stocks could lose as much as 30% in the next two years, Smead Capital's CEO warned.

JPMorgan warned that today's economic situation could shift towards 1970s-era stagflation, characterized by high inflation and low growth.

Such a situation would drive investors away from stocks towards fixed-income assets offering higher returns.

JPMorgan says current geopolitical tensions have parallels to the 1970s and could similarly drive inflation.

Source: Business Insider

https://finance.yahoo.com/news/us-headi ... 49931.html

[winston]

Stocks Are Breaking Out and Hitting Highs in a Healthy Way

by Brett Eversole

The advance/decline line broke out at the end of 2023. It failed to make highs again in mid-January as stocks hit new all-time highs. But now, it’s back on the rise…

For now, stocks are hitting highs in a healthy way. And that’s more reason to be bullish.

Source: DailyWealth.com

https://dailytradealert.com/2024/02/23/ ... althy-way/

[behappyalways]

There is no other market in the world where tech has such a large weighting than the US
https://twitter.com/Mayhem4Markets/stat ... 4672733482


The market has been this concentrated just once before.
https://twitter.com/zerohedge/status/17 ... 3155108040

[behappyalways]

Equity fund inflows reached $75 billion over the past 5 weeks, the strongest in 2 years - DB

includes $15 billion last week
https://twitter.com/ericwallerstein/sta ... 2082468298


Hedge funds are dumping tech as retail buys it up
https://twitter.com/Mayhem4Markets/stat ... 2932416666

[behappyalways]

Over the last 16 years, US stocks have gained 427% vs. 85% for International stocks and 36% for Emerging Markets. This is the longest cycle of US outperformance that we’ve ever seen.
https://twitter.com/charliebilello/stat ... 5612604707

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

JPMorgan Chase (JPM)... financial giant
American Express (AXP)... financial giant
Amazon (AMZN)... online-retail king
Meta Platforms (META)... social media giant
Nvidia (NVDA)... chip giant
Advanced Micro Devices (AMD)... semiconductors
Qualcomm (QCOM)... semiconductors
Salesforce (CRM)... customer-management software
Netflix (NFLX)... video streaming
Spotify Technology (SPOT)... audio streaming
Dell Technologies (DELL)... laptops and PCs
Garmin (GRMN)... GPS and wearables
Costco Wholesale (COST)... membership-only stores
Sprouts Farmers Market (SFM)... grocery stores
Home Depot (HD)... home-improvement products
Lennar (LEN)... homebuilder
NVR (NVR)... homebuilder
Sherwin-Williams (SHW)... paint
General Electric (GE)... manufacturing
Caterpillar (CAT)... heavy machinery

NEW LOWS OF NOTE LAST WEEK

Newmont (NEM)... gold miner
Royal Gold (RGLD)... gold royalties
MP Materials (MP)... rare earth mining
Chemours (CC)... chemicals
Sasol (SSL)... chemicals

Source: Daily Wealth

[behappyalways]

Over the last 16 years, US stocks have gained 427% vs. 85% for International stocks and 36% for Emerging Markets. This is the longest cycle of US outperformance that we’ve ever seen.
https://twitter.com/charliebilello/stat ... 5612604707


The US stock market is the most concentrated in the top 10 stocks that it's been in over 90 years!
https://twitter.com/Mayhem4Markets/stat ... 4526530898


Valuations are quite elevated on many of the largest stocks, but not so much the rest of the S&P 500
https://twitter.com/Mayhem4Markets/stat ... 9622168970


High growth stocks are expensive compared to historical norms, per Goldman
https://twitter.com/Mayhem4Markets/stat ... 5036135560

[behappyalways]

Intangible assets are a larger and larger part of the S&P 500 as technology and innovation drive value creation
https://twitter.com/Mayhem4Markets/stat ... 3514710255


New all-time high for S&P 500 Tech sector’s price/sales ratio
https://twitter.com/LizAnnSonders/statu ... 5772920208

[behappyalways]

Seven no longer a lucky number?
https://twitter.com/DiMartinoBooth/stat ... 5095449616


Periods of extreme market concentration during the past century - GS
https://twitter.com/SamRo/status/1765879094460260629