Credit spreads have continued to tighten across the board, as IG spreads are at lowest since 1998 and HY credit spreads fell to their tightest since 2006, preceding their rise into the GFC.

By: Oliver Loutsenko

🧵 Warren Buffett has more cash today than ever before. We’ve seen this before 2000, before 2008, and again in 2020. Buffett says he’s not a market timer. Is that true?

By: TJ Terwilliger

US Tech Stock valuations are echoing two major moments of the past two decades. And there’s three key points this sounds on markets now.

By: Topdown Charts

Over half of the S&P 500's trailing 12-month return can be attributed to multiple expansion.

By: Daily Chartbook

The S&P 500 forward P/E ratio has climbed to 22.2, its highest level since April 2021, with ten out of eleven sectors trading at multiples above their 25-year averages.

By: Alexander Vogt, CFA

Without JPMorgan SPOOFING Gold would be already at $5-10K range.

By: Yelena C.

Median S&P 500 Valuations vs. 10-Year Forward Returns For S&P 500 Equal Weight 🤔

By: Norbert Keimling

🇺🇸Who owns all of the US debt?

The US Treasury had $34.8 trillion in outstanding debt at the end of Q2 2024, of which ~33% was held by government funds such as Social Security and the Fed.

By: Financial Networking Group

The Warren Buffett Indicator, also known as the Market Cap to GDP ratio, has reached a new all-time high, surpassing levels seen during both the Dot-Com Bubble and the Everything Bubble in 2021.

By: Alexander Vogt, CFA

Presidential election years are always tricky. They’re generally positive, as you can see on the chart below, with only 4 years with negative returns since 1936. But that doesn’t show the full picture as they’re generally volatile with a lot of uncertainty until Election Day.

By: Gustavo A. Cano