This week, approximately 40% of the S&P 500 market capitalization is represented by major companies, including Google, Visa, Meta (which are my three largest holdings), as well as Microsoft, Coca-Cola, Intel, Exxon, Chevron, Boeing, T-Mobile, and several others.
73% of $SPX companies have beaten EPS estimates to date for Q3, which is below the 5-year average of 77% and below the 10-year average of 74%
For those of you losing sleep over the interest rates, take a breath!
It's following its usual pattern & should wrap up by Nov/Dec.
Moody's forecasting model is usually pretty spot-on when it comes to gazing five years into the future, except for FED intervention
6 month T-Bill yields more than cash right now - cash is no longer trash 34.5% of S&P 500 stocks are riding above their 200-day moving averages after todays trade a dip we haven't witnessed since November 3rd last year.
Solar stocks (hypergrowth) dumped yesterday and it looks like rates are finally catching up to the smaller palyers
looks like more selling could come on the equal weight - tons of shorts were taken at 140-143 but not all were closed off
The yield curve is starting to flatten out although it is steepening. The 10yr duration bond and above put in a significant move for the week and i do believe it goes higher while shorter duration bills should start to see some relief
