Founder of ALPHA INSIGHTS, a weekly publication analyzing global equity markets for changing leadership trends emphasizing actionable long & short stock ideas.
Not Financial Advice
Joined August 2018
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🔥 Hot Off The Press! 🔥
HUGE INSIGHTS: The Big Picture - Issue #62
"Irrational Exuberance...The Sequel"
Please enjoy the free portion of the attached monthly investment newsletter with our compliments! Click the l!nk in the comments section:
The current market cap of the Mag-7 as of the close of business on October 30th is approximately $23 trillion. The current book value of those same seven mega-cap behemoths is $2.1 trillion. In our opinion, a convergence between those two figures is now underway.
Actions speak louder than words… No one is prepared for what’s coming…Monte Carlo simulations only provide unsuspecting investors with a false sense of security…they have no predictive value.
The AI hype-machine is beginning to sputter.
GOOG -12%
INTC -23%
NOW -27%
AMZN -7%
ORCL. -7%
To name just a few.
Now bitcoin is back below $78,000.
Credit spreads are blowing out.
Emerging markets are tanking left and right.
The wheels look like they’re ready to come off the speculative “everything bubble.”
We’re not predicting a crash, but if ever there was a time for the stock market to crash, the set-up today would seem consistent with that outcome.
Jeffrey W. Huge, CMT retweeted
Stock market is over-concentrated, overhyped, over-leveraged, overvalued, and over-owned!
"I Got Booed for Raising Cash": Jeffrey Huge Says This Feels Like 1999 @Alpha_Insights financialsense.com/podcast/2…
Stock market is over-concentrated, overhyped, over-leveraged, overvalued, and over-owned!
"I Got Booed for Raising Cash": Jeffrey Huge Says This Feels Like 1999 @Alpha_Insights financialsense.com/podcast/2…
Jeffrey W. Huge, CMT retweeted
.@DanielTNiles says AI-related stocks are driving the S&P 500’s headline performance as he weighs the bull and bear cases for the AI trade.
He questions how sustainable today’s elevated earnings and margins are.
While some investors are “hyper bullish” about those levels continuing for years, Niles says, “I just don’t think that’s going to be the case.”
For more: schwabnetwork.com/?CID=SM:Tw…
The S&P 500 posted a new ATH today.
Yet, as of October 2nd, 82% of the constituents of the benchmark index were down >10% from their 52-week high; 59% were down >20%; 41% were down >30%; 26% were down >40%; and 17% were down >50%.
The S&P A-D Line is in freefall even as price makes a modest new high.
In short, there has been an invisible stock market crash!
