B of A: “.. the $SPX achieved a new all-time high last week, but the A-D line, 5-day put/call ratio, the US high yield OAS, the Corporate BAA spread, and new 52-week highs did not confirm this new high on the SPX. These negative divergences are a tactical risk for US equities in… pic.twitter.com/INPH6sVApL

EVERCORE: “.. we think it is not out of the question that $NVDA can ultimately become a 15% weight in the S&P 500.” $SPX pic.twitter.com/JbPxlfxfW6

When breaking S&P 500 into deciles (10 groups of 50 stocks each), only decile that’s posted gains QTD is first decline (largest stocks in index); not a perfect distribution, but QTD, smaller stocks = weaker returns; decile containing 50 smallest stocks -10.3% QTD @bespokeinvest pic.twitter.com/TfBM4GjB2b

Over the past 7 years, nearly all of the 7.5% annualized gains in the 60/40 US stock/bond portfolio have come from the stock side, with the S&P 500 gaining 11.6% per year versus just 0.8% per year for bonds. bilello.blog/2024/the-state-of-the-markets-june-2024 pic.twitter.com/1O5ZUTggK6