The expectations were big for NVDA results, and the company beat them. Revenues grew a mindblowing 268% vs same quarter last year and Net income grew 628% vs the same period.

By: Gustavo A. Cano

The Global Equity Relative Value Trinity

By: Topdown Charts

"At ~20.5x forward 12 month EPS, the S&P 500 is currently in the top decile of its historical range ... [while] the cyclically adjusted P/E is in the top 4% of all readings since 1881 and it's only been surpassed in 2021, 2000, and 1929."

By: Daily Chartbook

Index investors are unwittingly walking into one of the most wildly lopsided markets in recent history

By: Topdown Charts

NO WORRIES, IT’S A BULL MARKET!

By: Subodh Warekar

The market is betting on a soft landing, and so far, it has gotten it. Late cycle probabilities are receding while mid-cycle vibes are ascending.

By: Jurrien Timmer

Broken clock or ticking timer?

By: Callum Thomas

With the various flavors of the Taylor Rule (see last week’s posts for more on the Taylor Rule)  now declining due to moderating inflation and a rising unemployment rate, the Fed has some room to eventually give back a few of its rate hikes.

By: Jurrien Timmer

After gaining 28% in a straight line from the 10% correction low in late October to the most recent all-time high, it’s understandable that the market has been consolidating a bit.

By: Jurrien Timmer

Perhaps the market is starting to realize things are not as rosy as it seems. When investors feel the economic winds are on their backs, flows go proportionately to the different credit buckets, in fact one can argue that in an expansion, riskier bets are placed and the worst credit ratings get more money.

By: Gustavo A. Cano