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

[winston]

Get Ready for This Market Shift

by Jeff Clark

The stock market is getting ready to shift gears – away from growth and towards value.

At some point, the market will shift to favoring value over growth.

Folks who are looking to put more money into the stock market today should consider getting in front of that shift.

Source: Jeff Clark Trader

https://tradesoftheday.com/2024/06/17/g ... ket-shift/

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5 Stocks Account For 60% Of The S&P's YTD Return: Charting The S&P 5 vs The S&P 495
https://www.zerohedge.com/markets/5-sto ... e_vignette

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It Took Nvidia 23 Days To Add $1 Trillion In Market Cap; Berkshire Hathaway Hasn't Managed That In 60 Years
https://www.zerohedge.com/markets/it-to ... e_vignette

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Visualizing the incredible surge in tech stocks
https://x.com/Mayhem4Markets/status/1806051121644904834

[winston]

If Trump Wins…

by Nick Ward

A Mountain of Cash
Consider that, at the end of their most recent quarters:
Berkshire Hathaway had $189 billion of cash.
Apple had $162 billion of cash.
Alphabet had $108 billion of cash.
Microsoft had $80 billion of cash.
Meta had $58 billion of cash.

One strategy is to simply own the companies holding the most cash, the ones that would be most compelled to pursue new deals.

Second, investors who own shares of acquisition targets will benefit from M&A premiums.

Lastly, the companies that broker these deals and issue debt (investment banks) and the companies that perform due diligence and rate credit (credit rating agencies) will see a huge influx of business.

Source: Wide Moat Research

https://tradesoftheday.com/2024/07/01/if-trump-wins/

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The S&P has traded up on low breadth and down on high breadth for 5 days in a row (a streak that ended Thursday), the longest stretch on record.

The distribution phase is almost finished
https://x.com/zerohedge/status/1807584454170337776

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

Microsoft (MSFT)... tech giant
Apple (AAPL)... tech giant
Amazon (AMZN)... online-retail king
Bank of America (BAC)... financial giant
JPMorgan Chase (JPM)... financial giant
Intercontinental Exchange (ICE)... commodity markets
H&R Block (HRB)... tax-prep company
Tyler Technologies (TYL)... government software
Universal Display (OLED)... lighting and displays
GoDaddy (GDDY)... website hosting
Commvault Systems (CVLT)... data security
Iron Mountain (IRM)... data storage REIT
Welltower (WELL)... health care REIT
New York Times (NYT)... media
Hagerty (HGTY)... collectible cars
Enstar (ESGR)... natural gas
Energy Transfer (ET)... natural gas
Targa Resources (TRGP)... natural gas
Western Midstream Partners (WES)... natural gas

NEW LOWS OF NOTE LAST WEEK

Rogers Communications (RCI)... Canadian telecom
Walgreens Boots Alliance (WBA)... retail pharmacy
Bumble (BMBL)... dating app
Papa John's (PZZA)... pizza
Krispy Kreme (DNUT)... donuts
Las Vegas Sands (LVS)... casinos and resorts
New Fortress Energy (NFE)... utilities

Source: Daily Wealth

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Only 24% of stocks in the S&P 500 outperformed the index YTD, marking the third narrowest 6-mo. period in history since 1986 (was narrower in Jul 2023 at 23% and in Feb 2020 at 21%).
https://x.com/loggyrhythm/status/1808097926255702325

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How concentrated has this market become?
https://x.com/KobeissiLetter/status/1810332300766228769



10 largest names in S&P 500 now account for nearly 37% of the index in terms of market cap … highest concentration since 1972 per ⁦
@NDR_Research
https://x.com/LizAnnSonders/status/1810616152172741105

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Nasdaq price/sales 5.5x
Russell price/sales 1.3x
https://x.com/zerohedge/status/1811413429174808624