1StockSavvyInvestor

[Tom McClellan @McClellanOsc]

Small divergence has started between SP500 and EEM. Sometimes that is enough.

[Lance Roberts @LanceRoberts]

Absolute #market #complacency. There is no concern about a #recession or market #event currently with both the #VIX and #creditspreads hitting historically low levels.
h/t @topdowncharts

[The Kobeissi Letter @KobeissiLetter]

The ratio between tech stocks and the S&P 500 is now over 2 standard deviations ABOVE its historical mean.

Even during the Dot-com bubble of the late 1990s’, this metric peaked at 1.6 standard deviations.

Since 2008, tech stocks have consistently outperformed the S&P 500.

During this time, the Nasdaq Composite and the S&P 500 returned 1,167% and 667%, respectively.

With the mergence of AI, US markets are now almost entirely driven by tech stocks.

Are we overdue for a correction?

[Lance Roberts @LanceRoberts]

US #household #equity allocations are now at the highest level since the #dotcom crash.

[Bravos Research @bravosresearch]

History is repeating…

[Barchart @Barchart]

Copper hits most extreme level of contango in 30 years which could be a sign the global economy is facing some trouble

[Lance Roberts @LanceRoberts]

The #liquidity #index has also stalled recently even as the #market continued to accelerate higher. The last time there was a gap of this magnitude, the market corrected 10% last summer.

[Bravos Research @bravosresearch]

Buying conditions in the housing market have collapsed

Reaching levels NEVER seen since 1960

Even the 30-year mortgage rate recently hit levels not seen in 2 decades

This is critical because the housing market is a leading indicator of the business cycle

And it tends to react quickly to changes in interest rates

We like to use quantitative analysis to gain insights from various indicators and evaluate the business cycle to position accordingly

Check our Forecast Models on key assets at https://t.co/4gTCgwAqcy

[Barchart @Barchart]

Bitcoin Hits $70,000 🚨

For the first time in its history, $BTC reached $70,000

[Michael A. Arouet @MichaelAArouet]

Probably nothing

[Bravos Research @bravosresearch]

BEWARE: Median home prices are now contracting at levels NEVER seen since 1964

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The S&P 500 has hit a record 5180 and is now up an incredible 26% in just 4 months.

Since the October 2023 low, the S&P 500 has added nearly 1,100 points.

In just 88 trading days, the S&P 500 has added $9 TRILLION in market cap.

That's an average of $102 billion per trading day for 88 days straight.

Since the March 2020 pandemic low, the S&P 500 is up 137%.

History in the making.

[Bravos Research @bravosresearch]

WARNING: Home buying conditions have collapsed

Current levels have NEVER been seen since 1960

[Bravos Research @bravosresearch]

Everyone is now betting on a soft landing

This also happened in 2000 and 2007

We all know how they ended…

[Charlie Bilello @charliebilello]

Only 24% of S&P 500 members outperformed the index over the last year, the lowest % on record w/ data going back to 1994.

Video: https://t.co/cd3ibVwLpx

[The Kobeissi Letter @KobeissiLetter]

Nvidia, $NVDA, the 3rd biggest company in the world, just fell 10% in 30 minutes.

That's a company with $2.3 trillion in market cap trading like a penny stock.

Is it weird that this feels completely normal now?

[Jim Bianco @biancoresearch]

1/3

Here's an update on the concentration of the stock market:

This table and chart show that the ENTIRE gain in the NASDAQ 100 (NDX), which the ETF QQQ tracks, is just four stocks. Collectively, the "other 96" are down on the year.

Year-to-date, the "Fabulous Four" have increased the NDX total market capitalization by 9.16% (blue). The "other 96" have dragged it 0.50% lower (brown).

(Note that NVDA's market cap has increased by $1 trillion in nine weeks!)

[Otavio (Tavi) Costa @TaviCosta]

Full-time employment is starting to roll over while part-time payrolls are rising substantially, reminiscent of prior recessionary periods.

Although the anticipated decline in labor market conditions has been slower compared to previous cycles, there is now tangible evidence suggesting a significant deceleration in employment activity.

The Fed is trapped and gold is sniffing this all week.

[Tom McClellan @McClellanOsc]

Pre-tax corp. profits (for all US companies, not just public ones) peaked in 2Q2021. Latest data for 4Q2023 are still not out yet. Divergences versus stock prices like this current one are not bullish news, but divergences can persist for a while before they finally matter.

[Barchart @Barchart]

BREAKING 🚨: Tech Funds

Tech Funds just saw the largest outflow in history of $4.4 billion