1220 days ago
Global stocks soared over 13% in November, the greatest monthly gain in its history
Source: www.zerohedge.com, Bloomberg
1220 days ago
U.S Billionaires gained $1 trillion since the Pandemic started
Source: Statista
1220 days ago
$5 trillion in additional global liquidity has sent the S&P 500 to its most expensive valuation in history
Since March lows, a global liquidity proxy has increased by $15 trillion, propelling the S&P 500 (and Price-to-Sales) to record high levels - source: Bloomberg, www.zerohedge.com
1221 days ago
Software company Microstrategy (MSTR) as a Bitcoin (BTC) proxy
Microstrategy (MSTR), a software company specialized in maintenance systems and Business intelligence applications is becoming a play on Bitcoin (BTC). Indeed, Michael Saylor, the CEO, disclosed mid-September that he invested a very large part of the company's cash buffer into Bitcoin. The company bought 38,250 bitcoins with an average price of $11,000. With Bitcoin hitting record high today, this means that nearly $800 million are invested into Bitcoin, which is a fairly large amount for a market cap of $2.5 billion. Consequently, the stock is now seen as a Bitcoin proxy which explains the recent surge including today 20%+ gain. Source: www.investing.com
1221 days ago
S&P 500 Top performing stocks in November (source: Bespoke)
In terms of top-performing S&P 500 stocks this month, there have been a lot of winners. In the entire index, only 40 stocks are down month to date, and only nine of those are down more than 5%. The table below lists the 27 stocks in the S&P 500 that have rallied more than 40% so far this month. The top six stocks listed, as well as a number of others, come from the Energy sectors. Besides beaten-down stocks from the Energy sector, most of the stocks listed come from other sectors, like cruises, air travel, and lodging that have been battered by the pandemic. Also, it is worth to note that even after gaining at least 40% in November, 25 of the 27 stocks listed below are all still down YTD, and most of them by a lot - source: Bespoke.
