Buyback announcements have continued to boom…almost $200bn worth in the last 3 weeks. Source: Deutsche
Selling and selling
Goldman’s PB was net sold for the 3rd week in a row and saw the largest net selling in three months…note short selling was the main driver, not selling of longs… Source: GS
When Cathie 2.0? FANG+ seen as safe asset, decoupling from liquidity-sensitive. Will there be a resurrection of Cathie & Friends? Source: Macrobond Mega-cap tech fundamentals getting even better Consensus expects mega-cap tech’s sales growth gap to widen (chart 1) and the gap between mega-cap tech & S&P 500 margins is also expected to widen (chart 2). Source: Goldman Source: Goldman Tech divergence Tech sector AD line divergence is crazy right now. Source: Bespoke Tech earnings revisions breadth Tech earnings revisions breadth has climbed back into positive territory. […]
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Learn the TRUTH about Gold IRAs and how most precious metals companies play dirty.