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Quiver Quantitative
This is pretty wild.
An editor from The Atlantic was accidentally added to a group chat planning the Houthi military strikes.
He allegedly received top secret information on the strike hours before it happened. https://t.co/imeNpNOgyK
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This is pretty wild.
An editor from The Atlantic was accidentally added to a group chat planning the Houthi military strikes.
He allegedly received top secret information on the strike hours before it happened. https://t.co/imeNpNOgyK
tweet
Offshore
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The Kobeissi Letter
Are hedge funds fading this rally?
Hedge fund exposure to Magnificent 7 stocks is down 8 percentage points, a LARGER drop than the 2022 bear market.
As a result, the Magnificent 7 has erased -$3 TRILLION in market cap.
What is institutional capital telling us?
(a thread) https://t.co/bFTVHyPgTV
tweet
Are hedge funds fading this rally?
Hedge fund exposure to Magnificent 7 stocks is down 8 percentage points, a LARGER drop than the 2022 bear market.
As a result, the Magnificent 7 has erased -$3 TRILLION in market cap.
What is institutional capital telling us?
(a thread) https://t.co/bFTVHyPgTV
tweet
Offshore
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Finding Compounders
Warren Buffett explains why Berkshire doesn’t split its stock, in his 1983 letter.
He highlights the importance of attracting high quality shareholders. https://t.co/iUhNHT9bDq
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Warren Buffett explains why Berkshire doesn’t split its stock, in his 1983 letter.
He highlights the importance of attracting high quality shareholders. https://t.co/iUhNHT9bDq
tweet
Offshore
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The Kobeissi Letter
Foreign investors are selling US stocks:
Foreign investors withdrew ~$6 BILLION from US equities funds last week, the 3rd largest amount on record.
Only March 2020 and the March 2023 Banking Crisis saw bigger weekly outflows.
This coincides with ~$4 billion of inflows into European stocks over the last 4 weeks, the most in 10 years.
However, foreigners still own ~$16 TRILLION of US equities, near an all-time high.
This reflects ~23% of the total US stock market's value.
Sentiment continues to see rapid swings.
tweet
Foreign investors are selling US stocks:
Foreign investors withdrew ~$6 BILLION from US equities funds last week, the 3rd largest amount on record.
Only March 2020 and the March 2023 Banking Crisis saw bigger weekly outflows.
This coincides with ~$4 billion of inflows into European stocks over the last 4 weeks, the most in 10 years.
However, foreigners still own ~$16 TRILLION of US equities, near an all-time high.
This reflects ~23% of the total US stock market's value.
Sentiment continues to see rapid swings.
Are hedge funds fading this rally?
Hedge fund exposure to Magnificent 7 stocks is down 8 percentage points, a LARGER drop than the 2022 bear market.
As a result, the Magnificent 7 has erased -$3 TRILLION in market cap.
What is institutional capital telling us?
(a thread) https://t.co/bFTVHyPgTV tweet
Offshore
Photo
The Kobeissi Letter
BREAKING: The FBI has launched a Tesla, $TSLA, threats task force to “investigate activity and crack down on violent Tesla attacks.” https://t.co/OrBrTuWhFp
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BREAKING: The FBI has launched a Tesla, $TSLA, threats task force to “investigate activity and crack down on violent Tesla attacks.” https://t.co/OrBrTuWhFp
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The Kobeissi Letter
BREAKING: The S&P 500 closes +95 points higher and has now added +$1.5 trillion of market cap since its low on Friday. https://t.co/B3PiSUshUm
tweet
BREAKING: The S&P 500 closes +95 points higher and has now added +$1.5 trillion of market cap since its low on Friday. https://t.co/B3PiSUshUm
Are hedge funds fading this rally?
Hedge fund exposure to Magnificent 7 stocks is down 8 percentage points, a LARGER drop than the 2022 bear market.
As a result, the Magnificent 7 has erased -$3 TRILLION in market cap.
What is institutional capital telling us?
(a thread) https://t.co/bFTVHyPgTV tweet
Offshore
Photo
The Kobeissi Letter
Market concentration remains HIGHLY concentrated:
The top 10 stocks now reflect 36% of the S&P 500's market cap, near an all-time high.
Moreover, the market cap of the largest US stock is ~700 TIMES larger than the 75th percentile stock, near the most since the Great Depression of the 1930s.
Both metrics currently exceed the 2000 Dot-Com Bubble levels.
Market concentration has eased slightly this year as the biggest stocks have underperformed.
In fact, S&P 500 equal-weighted index has closed higher than the Magnificent 7 in 10 of the last 12 trading weeks.
However, the market is still highly reliant on large cap tech.
The market needs a bottom in big tech.
tweet
Market concentration remains HIGHLY concentrated:
The top 10 stocks now reflect 36% of the S&P 500's market cap, near an all-time high.
Moreover, the market cap of the largest US stock is ~700 TIMES larger than the 75th percentile stock, near the most since the Great Depression of the 1930s.
Both metrics currently exceed the 2000 Dot-Com Bubble levels.
Market concentration has eased slightly this year as the biggest stocks have underperformed.
In fact, S&P 500 equal-weighted index has closed higher than the Magnificent 7 in 10 of the last 12 trading weeks.
However, the market is still highly reliant on large cap tech.
The market needs a bottom in big tech.
Are hedge funds fading this rally?
Hedge fund exposure to Magnificent 7 stocks is down 8 percentage points, a LARGER drop than the 2022 bear market.
As a result, the Magnificent 7 has erased -$3 TRILLION in market cap.
What is institutional capital telling us?
(a thread) https://t.co/bFTVHyPgTV tweet