1086 days ago
Chart of the day -> Markets melt-up? This is the 13th day in a row where the S&P 500 ETF (SPY) closed above its opening price. Since SPY's inception in 1993, that has never happened before...
Source: www.zerohedge.com
1087 days ago
#bubblewatch -> Cyclical vs. Defensive stocks close to dot-com peak
A lot of talk of growth vs. value. But this chart is so bullish it is fuel for contrarians ! Almost no room for defensive posture in this market
1087 days ago
Only 7% of investors think the US market is in a bubble
According to a Bank of America study, only 7% of investors think that the US equity market is in a bubble. While the market does look a little overvalued - as massive liquidity and stimulus helped to inflate our GDPs-, it becomes interesting to ask the question if we are in the late stage, or still in the early stage. We could either be in the late stage, following the very rapid post-covid development, but it is also not impossible that extraordinary policy response paved the way for a new recovering cycle, which would mean that markets still have an important up potential.
1087 days ago
Looking for dividend? Chevron answers the call day in day out
Chevron shares showcased attractive valuation metrics and strong profitability numbers. The annual dividend yield is 5% with a P-to-B of 1.5. If you buy one share of Chevron today you get a $5.16 assured coupon each year. No signs of a slow down in dividend payments either as the company attempts to keep investors holding their stock.
1087 days ago
Big picture view of winners and losers related to Biden's $2 trillion plan
Capex is set to bounce with Biden's $2T plan. Robotic automation stocks from new industrial plants could bloom. Engineering firms will gain from increased demand for their services. Semiconductors, equipment, 5G infrastructure and broadband are set to see winners. R&D is not well supported by the plan's $23B (over eight years) budget but perhaps the private sector will compensate for that.
