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

[winston]

Decade-long S&P 500 bull surge is running into a valuation wall

Even if real earnings go up by a relatively generous 4.5% annually over the next decade, a repeat performance for the S&P 500 would take the cyclical P/E to a heretofore unheard of 55.

There’s an additional complicating factor: The days of near-zero benchmark interest rates are over.

“There was significant multiple expansion with massive monetary policy stimulus. I don’t expect the past decade to be replicated”. “The economy is in the midst of a structural shift that should prove less beneficent.”

Source: Bloomberg

https://www.theedgesingapore.com/news/u ... paign=FREE

[behappyalways]

Can U.S. stocks continue to hit new highs?

'23.12.26【豐富│東南西北龍鳳配】Pt.1 美股還能不斷創新高？

https://m.youtube.com/watch?v=ElfGBa87nyg

[behappyalways]

2022 vs. 2023
https://twitter.com/Convertbond/status/ ... 0495890653

[behappyalways]

Who Are America's Most Popular CEOs?
https://www.zerohedge.com/markets/who-a ... pular-ceos

[behappyalways]

The Magnificent Seven's weighting in the S&P 500 grew from 20% to 28% over the course of 2023, the largest share for any 7 companies in the index on record.
https://twitter.com/charliebilello/stat ... 0057478575

[behappyalways]

Long the Mag 7 remains the most crowded trade
https://twitter.com/Mayhem4Markets/stat ... 9483064610


NASDAQ long positioning is close to a 5-year high, according to Bloomberg
https://twitter.com/Mayhem4Markets/stat ... 5420360975

[behappyalways]

The S&P 500 just closed at record levels, yet only 1 out of 11 sectors made new highs today — Technology.
https://twitter.com/TaviCosta/status/17 ... 6338323545

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

Visa (V)... payment-processing giant
Travelers (TRV)... insurance
Intuitive Surgical (ISRG)... medical technology
Alphabet (GOOGL)... tech "World Dominator"
Microsoft (MSFT)... tech giant
Meta Platforms (META)... social media giant
Nvidia (NVDA)... chip giant
Taiwan Semiconductor Manufacturing (TSM)... semiconductors
Advanced Micro Devices (AMD)... semiconductors
Palo Alto Networks (PANW)... cybersecurity
Salesforce (CRM)... customer-management software
Workday (WDAY)... cloud-based software
Uber Technologies (UBER)... ride hailing
Spotify Technology (SPOT)... audio streaming
Costco Wholesale (COST)... membership-only stores
Sprouts Farmers Market (SFM)... grocery stores
Toyota Motor (TM)... automaker
W.W. Grainger (GWW)... industrial supplies
Ingersoll Rand (IR)... manufacturing
Trane Technologies (TT)... HVAC manufacturer
Waste Management (WM)... trash and recycling

NEW LOWS OF NOTE LAST WEEK

Humana (HUM)... health insurance
Alibaba (BABA)... Chinese e-commerce platform
Nutrien (NTR)... fertilizer
ExxonMobil (XOM)... oil and gas
Devon Energy (DVN)... oil and gas

Source: Daily Wealth

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

General Dynamics (GD)... "offense" contractor
JPMorgan Chase (JPM)... financial giant
S&P Global (SPGI)... financial analytics
W.R. Berkley (WRB)... insurance
Alphabet (GOOGL)... tech "World Dominator"
Microsoft (MSFT)... tech giant
Meta Platforms (META)... social media giant
Amazon (AMZN)... online-retail king
Nvidia (NVDA)... chip giant
Taiwan Semiconductor Manufacturing (TSM)... semiconductors
Advanced Micro Devices (AMD)... semiconductors
CrowdStrike (CRWD)... cloud security
Dell Technologies (DELL)... laptops and PCs
Intuit (INTU)... tax-prep software
Netflix (NFLX)... video streaming
Spotify Technology (SPOT)... audio streaming
Take-Two Interactive Software (TTWO)... video games
DoorDash (DASH)... food-delivery service
W.W. Grainger (GWW)... industrial supplies
General Electric (GE)... manufacturing
Phillips 66 (PSX)... oil and gas

NEW LOWS OF NOTE LAST WEEK

Humana (HUM)... health insurance
Agilon Health (AGL)... physician services
BlackBerry (BB)... outdated technology
Archer-Daniels-Midland (ADM)... food processing

Source: Daily Wealth

[behappyalways]

Investing in AI pays off!
Microsoft debuts in the "3 trillion club"
Meta returns to 1 trillion market capitalization

投資AI有回報! 微軟首登「3兆俱樂部」 Meta重返1兆市值｜方念華｜FOCUS全球新聞 20240125@tvbsfocus

https://m.youtube.com/watch?v=Vl09E-EG7hU