US - Market Strategy 02 (Feb 22 - Dec 23)

[behappyalways]

10 year treasury breaking out

#JoblessClaims drop sharply, #GDP jumps to 2%.

This all sets up for another #FederalReserve rate hike in July & now at minimum 2 more this year.

Risk of policy error increases the higher rates go.

10 year bull wedge breaking out, channel is next. Posted this alert just days ago.

https://twitter.com/GarethSoloway/statu ... 0979513345

10 year bonds yield going up ...

https://twitter.com/hmeisler/status/1676625232868638725

[winston]

Market heavyweights dip ahead of Nasdaq 100 rebalance

Wall Street’s most valuable stocks declined after Nasdaq said late on Friday it would carry out a “Special Rebalance” of the index to “address overconcentration in the index by redistributing the weights”.

The adjustment will be based on shares outstanding as of Jul 3, with changes announced on Jul 14 and taking effect before the market opens on Jul 24.

Source: Business Times

https://www.businesstimes.com.sg/compan ... -rebalance

[winston]

Russell 2000 Breaks Out; S&P 500, Nasdaq Gain After Support Test: What Lies Ahead?

By Declan Fallon

With vacation season in full swing, we will not see the volume move to back breakouts of support or resistance, so we just have to take things at face value.

Let's see how action in the Russell 2000 evolves.

Source: investing.com

https://www.investing.com/analysis/russ ... s_headline

[winston]

How The Nasdaq 100 Rebalance Will Impact Stocks

by TODD CAMPBELL

We won’t know the exact impact on the big-cap technology stocks until the NASDAQ provides insight on Friday, but it’s safe to assume that we’ll see the largest five stocks get a haircut.

Its annual rebalancing weights are more stringent. If the weights of the five largest components exceed 40% [currently, 43.1%], weights are adjusted to below 38.5%. Also, no stock outside the five biggest can weigh above 4.4%.

Source: The Street

https://smarts.thestreet.com/all-smarts ... m_content=

[behappyalways]

Just 7 companies make up over 50% of the NASDAQ 100

https://twitter.com/Mayhem4Markets/stat ... 8230708225

[behappyalways]

Meme stock basket (GSCBHTBR) up 35% YTD, new 2023 high

https://twitter.com/zerohedge/status/16 ... 9852024836

[behappyalways]

Solactive Roundhill Meme Stock Index, tracking crowd’s favorite shares, rallied ~8% this week, led by crypto-related stocks
*Day traders scooped up net $2.8B of shares in week though Tuesday, an amount that’s way above its 12-mo avg
https://twitter.com/DiMartinoBooth/stat ... 8873785345


Active managers had less than 20% exposure to equities last October when the S&P 500 was at 3,500. Today, their equity exposure has jumped above 90% with the S&P 500 at 4,500. This is the highest exposure since November 2021.
https://twitter.com/charliebilello/stat ... 9370252297


AI-related stocks drove virtually all of the S&P 500 returns in 2023
https://twitter.com/Mayhem4Markets/stat ... 2730347520

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

JPMorgan Chase (JPM)... financial giant
S&P Global (SPGI)... financial analytics
Mastercard (MA)... credit cards
Visa (V)... payment-processing giant
Nvidia (NVDA)... chip giant
Dell Technologies (DELL)... laptops and PCs
Meta Platforms (META)... social media giant
VMware (VMW)... cloud computing
Adobe (ADBE)... cloud services
Salesforce (CRM)... customer-management software
Shopify (SHOP)... e-commerce platform
Spotify Technology (SPOT)... audio streaming
Uber Technologies (UBER)... ride-hailing giant
DraftKings (DKNG)... sports-betting leader
Intuitive Surgical (ISRG)... medical technology
D.R. Horton (DHI)... homebuilder
Lowe's (LOW)... home improvement
FedEx (FDX)... package delivery
Rollins (ROL)... pest control

NEW LOWS OF NOTE LAST WEEK

Humana (HUM)... health insurance
Bristol-Myers Squibb (BMY)... pharmaceuticals
Flowers Foods (FLO)... baked goods

Source: Daily Wealth

[behappyalways]

Assets of Major CBs and $SPX Diverging
https://twitter.com/WifeyAlpha/status/1 ... 9872963584

[behappyalways]

It's Jan 2021 all over again, when retail led institutions
https://twitter.com/zerohedge/status/16 ... 1094247430


And $MSFT surged as well after adding some unusual language to an announcement, let's see…I think it was the term "#AI"
#AIBubble
https://twitter.com/inside_finance/stat ... 7591169024