Author: isabelnet

Median Real Net Worth by U.S. Income Quantiles Recovering 2007 levels of median real net worth across all U.S. income quantiles took 15 years—a remarkably long time. Image: Deutsche Bank

ISABELNET Cartoon of the Day If bears are feeling sick about the S&P 500’s record highs, they should try some bullish medicine! Have a Great Day, Everyone! 😎

Valuation Metrics S&P 500 valuation metrics remain elevated by historical standards, raising concerns about potential market overvaluation. Image: Goldman Sachs Global Investment Research

ISABELNET Cartoon of the Day Bulls are celebrating like it’s 1999 again, but this time with stronger earnings and fewer illusions! It’s already Wednesday, Happy “Hump” Day, Everyone! 🐫🐪😎

Sentiment – NFIB Small Business Optimism Index In November, the NFIB Small Business Optimism Index increased by 8 points to 101.7, driven by the recent election results, potentially boosting employment, investment, and economic activity. Image: J.P. Morgan

Total Cryptocurrency Market Capitalization The cryptocurrency market has witnessed significant growth recently, with its total market capitalization approaching US$4 trillion. Image: Gavekal, Macrobond

VIX – Volatility Index While the current low VIX suggests investors are feeling as calm as a cat in a sunbeam, it also serves as a warning about potential future volatility if market conditions shift unexpectedly. Image: Morgan Stanley Wealth Management

Sentiment – U.S. Composite Put/Call Ratio The sharp decline in the U.S. put/call ratio to very low levels signals widespread market complacency, as even typically anxious investors appear unworried. Image: Morgan Stanley Wealth Management

U.S. ETF Flows The record-breaking inflows into U.S. ETFs in 2024 not only underscore their growing popularity but also reflect a broader shift in investor preferences towards more efficient and flexible investment options in a favorable market climate. Image: Bloomberg

Small Cap Stocks – Russell 2000 > 10% Gain for the Month Bulls are smiling again! The Russell 2000’s 10.9% gain in November is a promising sign for small-cap stocks over the next six months, with an average increase of 11.3% since 1979 and gains occurring 90% of the time. Image: Carson Investment Research

ETF Assets Leveraged Long/Short Products Ratio With leveraged long ETFs leaving inverse products in the dust, market’s optimism is so contagious that bears are considering a career change! Image: Bloomberg