Non-US investors own more US stocks than ever:
Investors from outside the US held $24.32 trillion of US equities in July, the 3rd-largest amount in history.
Year-to-date, foreign holdings of US equities have surged +$2.22 trillion, or +10%.
Since ...
AI stocks are massively outperforming the global market:
The Bloomberg Global AI index has surged +118% since the start of 2024, to near its all-time high.
At the same time, the MSCI World Index has risen +57%, underperforming by 61 percentage poin...
9/27/2026 14:58
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Fixed-income assets are offering attractive yields again:
10Y Note Yield is currently trading above 5.10%, its highest level since July 2007.
At the same time, 30Y Note Yield is up to 5.44%, its highest since June 2007.
Investment-grade credit now...
9/27/2026 00:11
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Retail investors are trading less.
Over the last 20 trading days, retail investors have purchased just +$1 billion of single stocks, near the lowest 20-day total in at least 2 years.
In early August, this figure even briefly turned negative for the...
9/26/2026 18:31
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Big tech has never been bigger.
The 2 largest S&P 500 companies, Nvidia, $NVDA, and Apple, $AAPL, now account for 15% of the index’s market cap, an all-time high.
This comes as $NVDA represents a record 8%, while $AAPL accounts for 7%.
By comp...
9/26/2026 16:30
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BREAKING: Global debt jumped by more than +$10 trillion in H1 2026, to a record $365 trillion.
Emerging-market debt drove the increase, rising +$6.5 trillion, to a record $110 trillion, with most of the surge coming from governments and non-financia...
9/26/2026 15:29
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BREAKING: The US and China have reached a trade deal to lower tariffs on $30 billion worth of "non-sensitive goods" after President Trump and President Xi met this week.
This deal will likely lower prices on a variety of consumer goods, including sm...
9/26/2026 14:33
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BREAKING: President Trump officially announces that he has rejected Iran's proposal for a 7-day ceasefire to restart negotiations.
This proposal would have reopened the Strait of Hormuz, with both the US and Iran lifting their blockade.
"I reject t...
9/26/2026 14:08
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BREAKING: President Trump has rejected Iran’s proposal for a 7-day ceasefire and has told aides he expects to begin bombing Iran after the November midterms, per WSJ.
Iran’s proposal would have reopened the Strait of Hormuz and resumed nuclear talks...
9/26/2026 00:36
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