Category Archives: Daily Top Ten

Topley’s Top 10 – November 14, 2023

1. History of Nasdaq After 9 Day Rallies.

Nasdaq Dorsey Wright -The Nasdaq 100 Index NDX has shown sharp improvement over the past couple of weeks, rising by almost 10% from its October 26 closing low after posting a gain in 10 out of the past 11 trading days. This includes a 9-day consecutive rally streak that saw NDX rise over 8.5% before showing a slight decline on Thursday. While the Nasdaq 100 Index has seen more than its fair share of improvement this year, it is rare to see 9 positive days in a row for the growth benchmark. There have only been 12 other periods dating back to December 1992 where NDX has risen for at least 9 consecutive trading days. The last occurrence was almost exactly two years ago, with a 10-day stretch that ended on 11/5/2021. Of course, the forward market action for NDX showed weakness after that date, as it was one of just two out of the 12 other periods that saw a negative NDX return one year after the positive day streak. Most others have shown consistent improvement, with NDX continuing higher the next week 50% of the time, which improves to a 75% hit rate that it will post a gain over the next six months. It is important to note that the forward returns from these dates will inherently show near-term weakness, as the last day of a winning streak must be followed by at least one down day to be included in our examination. Furthermore, we see the average and median forward returns from these dates have not been much higher than the average and median forward returns from any date since 1992. While we may not be able to use a consecutive gain streak as a great indication of future strength, the more important takeaway is that the ending of these streaks does not typically correspond with market tops.

2. FAANG+ 13% Rally from October Pullback……8250 Previous Highs…

3. NVDA Approaching Highs…$500

4. Dividend Stocks vs. Non-Dividend 2023

5. More Alternative Energy Names….PLUG -50% in One Month.

6. Is Buffett Bearish on China or EV Space or Both?  Exits BYD

Warren Buffett’s company slashed its stake in BYD. Here’s why that’s surprising – and 5 possible explanations.Business Insider Theron Mohamed 

Theron Mohamed 

  • Warren Buffett’s Berkshire Hathaway has sold more than 60% of its BYD shares since last summer.
  • Buffett may have been taking profits, pruning his portfolio, or cutting his geopolitical exposure.
  • Here’s why the stock sales are surprising, and what the thinking might be behind them.
Why did Berkshire sell?A big reason that Berkshire has been cashing in its BYD stock may be geopolitics. The US and China have been clashing in recent months over everything from microchips and Taiwan to Russia’s invasion of Ukraine.

Buffett and Munger may have decided to pull back from China given the rising tensions — the reason why they dumped Taiwan Semiconductor only a few months after buying it.

Buffett said in April that the breathless rise in BYD stock over the past few years, and the possibility of finding something better to invest in, were factors in the sale. He and Munger may have opted to realize some of the roughly 30-fold gain they’d made on the stock, especially as the company faces more than a few risks.

BYD is more aggressively valued than in years past, it’s still in a capital-intensive business in a brutally competitive industry, and investing heavily in battery development and other technologies.

The Berkshire chief may have found it easier to offload BYD than other stocks because it was never the best fit for his portfolio. The 93-year-old investor generally sticks to US-based companies in industries he deeply understands like fast food or insurance – a Chinese EV maker was always out of his comfort zone.

It’s not clear whether Buffett and Munger sold BYD stock because they wanted to take profits, free up cash, prune their portfolio, cut their geopolitical risk, or avoid future problems at the company. Berkshire shareholders will be watching closely to see if they sell any more shares – or provide further explanation.*1qlkg5h*_ga*ODM2ODUyMTMyLjE2OTk5NTc2NzY.*_ga_E21CV80ZCZ*MTY5OTk1NzY3NS4xLjEuMTY5OTk1ODIzMi41Ny4wLjA.

7. Buffett Cash Pile at Record High

8. American Attitudes Toward China Big Swing.

9. Can’t Think, Can’t Remember: More Americans Say They’re in a Cognitive Fog

DNYUZ BLOG There are more Americans who say they have serious cognitive problems — with remembering, concentrating or making decisions — than at any time in the last 15 years, data from the Census Bureau shows.

The increase started with the pandemic: The number of working-age adults reporting “serious difficulty” thinking has climbed by an estimated one million people

10. Four Qualities of Mentally Strong People

What we can learn from everyday heroes-Psychology Today Steven Hayes.


  • We exhibit forms of mental strength every single day.
  • The more we willingly enter into our own experience in service of a greater purpose, the stronger we become.
  • Consider four qualities of mentally strong people to improve your own mental strength and overall well-being.

We often reserve the term “mentally strong” to describe people who accomplished extraordinary feats in the face of great adversity. Rarely, however, do we use these words to describe ourselves; possibly because we are painfully aware of our own shortcomings, or because we don’t consider our achievements as noteworthy enough. But mental strength comes in many shapes and forms. And if we pay attention and know where to look, we can witness it every single day — in both ourselves and other people around us.

For instance, do you ever feel tired after waking up, but still get dressed because you don’t want to be late for work? Or have you ever wanted to shout profanities after being cut off in traffic on your way to work, but decided not to because your child was in the backseat? Both of these examples require mental strength. It’s not just unpleasant emotions either that require mental strength — have you ever allowed a compliment to penetrate your being without an automatic dismissal, or allowed your eyes to linger in your lover’s eyes just a moment longer, even though you feel vulnerable in doing so? That too is mental strength.

Whenever you display a willingness to more fully enter your own experience in the service of a greater purpose, you exhibit mental strength. And the more frequently you act this way, the more you stretch your mental muscles and the more you strengthen your ability to act in a purpose-driven way in the future.

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Naturally, becoming mentally strong isn’t always easy, nor is it straightforward. The process involves a lot of nuance, and it requires you to foster distinct qualities along the way. Specifically, four qualities stand out, and if you practice any of them you can improve not just your mental strength but also your overall well-being. You might already recognize some of these qualities in yourself, whereas others may feel entirely foreign to you. Either way, please view the following list not as a yardstick by which to rate yourself, but as opportunities for your personal growth. With that being said, here are four qualities of mentally strong people.

1. They are open to new possibilities

Mentally strong people don’t stay on a single-loop track. They are rarely limited by preconceived notions about how they have to think, feel, or act, who they have to be, what they have to focus on, or what they have to care about. Rather than rigidly following self-imposed rules, mentally strong people are more open, can choose more freely, and are more likely to explore new possibilities. They can hold disparate thoughts at the same time; they can stay when an automatic mindset says to leave; they can let go when the mind says to cling. Because of these habits of mind and behavior, they can access a broader range of their experiences — both pleasant and unpleasant — without having to resist or cling to them.

Now, please notice what your mind does with this information, because it’s easy to fall into the trap of “I always have to be open to new possibilities” (which, ironically, is just another self-imposed rule). Rather than obeying your mind, see if you can just notice that this thought is currently unfolding in your consciousness, and allow it to be without following its demand. You can practice trying out new possibilities without turning it into a rule that you always “have” to do. After all, you are free to choose, again and again.

2. They choose what works

Mentally strong people are not just more open to new strategies, they are also more likely to choose the ones that work. This may sound simple enough, but this quality actually contains several sub-skills. For starters, it requires knowing your objectives — whether this is about your goals or deeper-seated values. In either case, you need to have a pretty clear direction, so you know what even constitutes as “working” in the first place. Additionally, it requires a certain level of self-awareness, so you can assess whether you are actually moving closer to your objectives or whether you are just deluding yourself.

I highly recommend going through the process of clarifying your objectives with a trained mental health professional, because it’s easy to lose sight of your deeper goals and values, or to mistakenly believe that you are making progress, when in reality you are not. If this is currently not an option for you, I advise monitoring your goals with the help of a trusted person, and/or getting objective feedback with a tracking device (e.g., by using an app on your smartphone). Having a reliable feedback system is essential when it comes to making effective improvements.

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3. They build successful habits

If you’ve read self-help articles before, you probably know what comes next. Yes, it is a cliché, but for good reasons because becoming mentally strong doesn’t happen by chance. Instead, it happens by consistently acting in ways that move you towards your chosen objectives. The emphasis here lies in the word “consistently,” because one-off actions are rarely enough to have a lasting impact. Only by building successful actions into habits can you gain the momentum needed to make a difference in your mental fortitude and your life in general.

I advise you to start slowly. Choose a new action — like going for a daily jog — and then break it down into something smaller. Probably even smaller still. So small, in fact, that it becomes almost ridiculous for you not to do it. This might mean going for a one-minute jog and then returning home. The key here is to not yet focus on the desired end result, but rather to focus on building consistency. Give yourself a “10-day challenge” in which every day you do something that carries you forward. You can aim bigger once you have shown some consistency in your efforts.

4. They adjust to their circumstances

Finally, mentally strong people adapt to their circumstances. They don’t wait for the perfect conditions before they can start taking action, nor do they stubbornly persist in their efforts, disregarding any feedback. Instead, they are more resourceful. They can accurately estimate the demands of their current context, their own capabilities, and then adjust their actions and expectations accordingly, so that they still pursue their objectives at a level that is workable, given their current inner and outer circumstances.

A choice that is right in one context may be disastrous in another, and vice versa. For instance, if you’re driving over the speed limit, you risk injuring yourself and others. However, if a loved one sits in the backseat and is in serious need of medical attention, rushing to the nearest hospital may be the right course of action. There are rarely any easy answers, and what you consider being “right” almost always depends on your context. Mentally strong people are aware of this dilemma, and adjust themselves — again, and again.

Steven C. Hayes, Ph.D., is Nevada Foundation Professor at the Department of Psychology at the University of Nevada Reno.

Topley’s Top 10 – November 13, 2023

1. Retail Investors Not Chasing Rally

Equities: Retail investors don’t seem to be chasing the current rally.

Source: Vanda Research

2. Clean-Energy Sub-Sector Trailing S&P by -45% in 2023

By Avi Salzman-Barrons

3. Bitcoin: 52-Week High Two Years After a Record High-Bespoke

Even for a volatile asset class, it has been quite a week for crypto-related assets. With a gain of nearly 8% for the week, Bitcoin rallied to 52-week highs and crossed above 35K, 36K, and 37K in the process. Year to date, the largest cryptocurrency is up over 125%, but looking at the chart below, all of the year’s gains have been confined to a handful of trading days in January, March, June, and now.

Ethereum had an even bigger week, rallying by over 14.5% and nearly doubling the gain in Bitcoin. Unlike Bitcoin, Ethereum was trading just shy of its YTD high from back in April.

4. Novo Nordisk Passes LVMH as Largest Company in Europe.

Novo Nordisk vs. LVMH chart

5. EV Car Makers Turn to Discounts.

WSJ By Sean McLain

6. Average Borrowing Rate for Used Cars 3.85% to 7.3%

Dave Lutz Jones Trading Auto research firm Cox Automotive – the owner of the closely followed Manheim price index – published new data last week for October that shows wholesale used-vehicle prices continue to slide and have reached the lowest levels since April 2021. The Manheim Used Vehicle Value Index stood at 209.4 in October, down 2.3% from September. The index is down 4% from a year ago. Sliding demand comes as Bankrate data shows the average borrowing rates for used cars have surged from around 3.85% in Feb. 2022 to 7.3% this month

7. Autonomous Vehicles and Profitability

CHARTR Predictions of when fully autonomous cars make their way into mainstream adoption have, historically, been way too optimistic. Elon Musk believes that Tesla is “very close” to delivering on level 4 or 5 self-driving, although it’s worth noting that similar comments have been made by Tesla’s head honcho in years gone by. What is easy to predict: getting to level 5 is going to continue requiring an enormous amount of money.

Are we there yet? Data from Crunchbase reveals that the amount of venture capital funding being poured into AVs has fallen sharply from its peak, and the willingness of industry incumbents to invest billions into projects with uncertain timelines also seems to be fading.

Cruise, for example, reportedly only has 9 months of cash left, having burned through more than $8 billion since 2017, and this week a senior executive at Honda, which has also invested heavily into the company, said it had no plans to invest more. Waymo cut 100 jobs earlier this year, Ford-backed Argo AI has already shut down, and the pivot to electric vehicles is proving enough of an expense for many manufacturers, without the added complication of building full autonomy. Even as AI hype grows by the day, the road to full self-driving suddenly seems a little longer.

8. Housing Market Affordability

From Barry Ritholtz Blog Taking into account mortgage rates, local house prices, and local incomes, buying a home in markets like L.A. and Miami today is more expensive than it was in 1981

Source: @NewsLambert

9. A Record High Share of U.S. Consumers are Planning International Vacation

Torston Slok Apollo Group

10. Tiny Thought(s)-Farnam Street Blog

  1. Anyone can do it once. The best do it consistently.
    Anyone can order a healthy meal once. Anyone can get up early to workout once. Anyone can save more than they earn for a month. Anyone can take their partner on a date once. Anyone can write a page. Anyone can focus on one thing for an hour.
    Most people can’t do it consistently because they want instant gratification. They want to see the results … right now. Just because the results aren’t immediately visible, doesn’t mean they are not accumulating. Ordinary moments compound over weeks and months into extraordinary results.
    Consistently boring days make for extraordinary decades.
  2. There are a lot of things you don’t control.
    You don’t get to pick your parents.
    You don’t get to pick the country you are born in.
    You don’t get to pick your given talent.
    You don’t get to pick the test.
    You don’t control where you start, but you can change where you go.
    Integrity is a choice.
    Kindness is a choice.
    Hard work is a choice.
    Preparation is a choice.
    Consistency is a choice.
    Your attitude is a choice.
    Your response is a choice.
    The people you hang around are a choice.
    Changing your trajectory is a choice.
  3. The person who focuses on fewer things goes further than the person distracted by many.

Topley’s Top 10 – November 09, 2023

1. Stocks Vs. Treasuries

Full disclosure …I am not familiar with this chart.

2. AAA Corporate Bond Yield Back to Average Trend Line

3. Follow-up on XLE Energy ETF….Close Below 200-Day

4. Short-Interest in Big 7 Nada

5. Factor Performance

Jack Ablin-Cresset

Are Equity Investors Jumping the Gun? | Cresset Capital

6. The U.S. stock market is absolutely massive…Dominant U.S. Economy

Source: TKer

7. Volatility VIX  Collapses Back to Lows

8. Growth of Net Worth in U.S.

9. WSJ-Turning Empty Offices Into Apartments Is Getting Even Harder

Only 3,575 apartment units were converted from office space last year. The already fraught process now faces even more challenges.  By Konrad Putzier and Will Parker

10. Critics-The Daily Stoic Blog

Nobody wants to be criticized. It doesn’t feel good when people judge what you’ve done. We want the right people to like us, we want all people to like us. We want to be accepted, appreciated, and celebrated. So we try to be like other people, like the people that everyone likes.

But in the end, does this effort pay off? No, it doesn’t. You work hard to preempt criticism, to appeal to the trends, to make people like you and then what happens? They still criticize you. Somebody finds something to find fault with you about. Think of how Marcus Aurelius was savaged by critics in his own time, just as he is today by many academics and philosophers, written off by many historians.

Imagine if he had tried instead to conform to their expectations, to fit more clearly in the box they wanted him to be. Imagine if he’d tried to win the mob’s favor or the respect of future generations by conquest or dazzling deed. Imagine if he had written Meditations for an audience instead of from a far more personal and vulnerable place.

It doesn’t matter what you do, the criticism is always going to be there. So you might as well do what you think ought to be done. You might as well do what seems meaningful and important and fulfilling and right to you. People are going to say what they’re going to say, haters will find a way to hate. In the meantime, just be true to yourself, be true to the mission you have, fight for the respect (and praise) of yourself, not the mob, not the future.

That’s hard enough to win anyway.

Topley’s Top 10 – November 08, 2023

1. XBI Biotech Index Gets a 10% Bounce Off 5-Year Lows.

XBI has a negative 5-year return.

2. Crypto-Six Weeks of Inflows.

Cryptocurrency: Crypto funds saw the sixth consecutive week of inflows.

3. Gasoline Prices Fall for 7th Straight Week

Advisors Perspectives by Jennifer Nash, 11/7/23

4. Total Returns Since Jan 2022

Irrelevant Investor Blog

5. Credit Card Debt Hits All-Time Highs.

6. Percentage of Credit Card Debt vs. Money in Bank at 20-Year Low

7. Credit Card Delinquency Rate Rising.

Courtenay Brown—Axios

8. Credit Card and Holiday Season Indicator…Amazon Right at Next Resistance Level from 2022

9. Weed may do way more damage to your heart than we thought-Business Insider

Smoking weed may have similar health consequences as cigarettes, and new research suggests cannabis use can be bad for your heart. Jamie Grill/Getty Images

  • Two new studies suggests marijuana use can be harmful for heart health. 
  • Using marijuana may increase risk of issues like heart attack or stroke in frequent or older users. 
  • More research is needed, but users should be aware of the risks, experts say. 

Smoking pot, taking edibles, or unwinding with a cannabis-infused beverage have become increasing popular as more states have eased up on laws restricting recreational use.  But a marijuana habit isn’t risk-free, new research suggests.

Regular marijuana use is linked to significantly higher risk of cardiovascular issues like heart attack or stroke, according to a pair of preliminary studies to be presented at the American Heart Association (AHA) 2023 Scientific Sessions.  The findings suggest that marijuana may be more concerning for health than people suspect, particularly for frequent consumers and those with underlying health conditions.

Using marijuana every day may increase risk of heart failure  In one study, researchers at Medstar Health in Baltimore looked at data from 156,999 people, who were initially free from heart failure, over four years of follow up to compare health outcomes with self-reported marijuana use.  They found that people who used marijuana daily had a 34% higher risk of developing heart failure than people who never used marijuana.

The study defined marijuana use as any consumption that was not prescribed for a health condition.  The findings suggest that more evidence on how marijuana affects health could help consumers and health professionals make more informed decisions, according to Dr. Yakubu Bene-Alhasan, lead author of the study and a physician at Medstar  “Our results should encourage more researchers to study the use of marijuana to better understand its health implications, especially on cardiovascular risk,” Bene-Alhasan said in a the press release.

The long-term health effects of cannabis aren’t yet clear  Along with evidence that smoking cannabis has similar risks as cigarette use, the findings warrant more caution around cannabis use and heart health, according to Robert L. Page II, professor of clinical pharmacy at the University of Colorado and chair of the volunteer writing group for the 2020 American Heart Association Scientific Statement: Medical Marijuana, Recreational Cannabis, and Cardiovascular Health.  Page, who was not involved with either study, said that inhaling cannabis smoke increases blood concentrations of carbon monoxide, a toxic gas, as well as tar, both of which are linked to serious heart problems.

“Together with the results of these two research studies, the cardiovascular risks of cannabis use are becoming clearer and should be carefully considered and monitored by health care professionals and the public,” he said.Previous evidence also suggests that while other forms of cannabis use — like consuming edibles — may avoid some exposure to the toxins involves in smoking, they can still have negative effects on heart health. That’s because THC, the active ingredient in marijuana that gets you high, may be harmful to the heart.*1btw1cc*_ga*MTcwNTA0MjU4My4xNjYxMzU3MTY0*_ga_E21CV80ZCZ*MTY5OTM5NTY3OC43MS4xLjE2OTkzOTU2OTAuNDguMC4w

10. Keep Forgetting Things? Neuroscience Connects This Simple Habit to 17 Percent Better Memory Outcomes

Forgetting things. It’s the worst.


·         “Hello, neighbor!” (We’ve lived on the same street for years and I can never remember your name!)

·         “Yes, dear, I put that important document in a very safe place.” (If only I could recall where.)

·         “I was smart! I put an Apple AirTag on my keychain.” (Now, has anybody seen my phone so I can track it?)

We’ve all been there. And if there’s one common, existential fear I hear among successful business owners and other leaders when talk turns serious, it’s the worry that forgetting things like this might foretell even more memory loss when we get older.

If that sounds familiar, you’ll likely be interested in a new study from the NYU Grossman School of Medicine that found a correlation between a specific but common type of diet during middle age, and a remarkable 17 percent better memory outcomes decades later.

Writing in the journal Alzheimer’s & Dementia, researchers said they tracked data related to 5,116 women in the NYU Women’s Health Study over 30 years, focusing on answers the women provided about their diets between 1985 and 1991.

The women were an average of 49 years old at the time, and the researchers were focused on how closely their diets adhered to the DASH diet, short for Dietary Approaches to Stop Hypertension, hypertension being the more formal medical term for high blood pressure.

Short version, according to Yu Chen, a professor in the Department of Population Health at NYU and senior author of the study:

With more than 30 years’ follow-up, we found that the stronger the adherence to a DASH diet in midlife, the less likely women are to report cognitive issues much later in life.

So, what exactly is the DASH diet? As diets go, it’s fairly simple and tasty. According to the National Heart, Lung, and Blood Institute, which is a U.S. government resource, it includes:

·         Eating vegetables, fruits, and whole grains

·         Including fat-free or low-fat dairy products, fish, poultry, beans, nuts, and vegetable oils

·         Limiting foods that are high in saturated fat, such as fatty meats, full-fat dairy products, and tropical oils such as coconut, palm kernel, and palm oils 

·         Limiting sugar-sweetened beverages and sweets

Not too difficult, right? In fact, we’ve seen a lot of interesting research recently, suggesting things people can do that correlate with better memory, either in the near-term or more systemically as they get older. Some are easier than others:

·         Avoiding a sleep debt, wearing a sleep mask at night, and possibly even sleeping on your side

·         Drinking significant amounts of coffee, or possibly tea

·         Eating specific foods, some of which would go right in hand with the DASH diet, such as porcini mushrooms, all sorts of other vegetables, and even dark chocolate and cinnamon

·         Improving your work environment, specifically the lighting (“Dim lights are producing dimwits,” one study author said.)

·         Engaging in brain activities like pleasure reading, having detailed hobbies that require you to process and recall information, and doing crosswords and other brain games.

Oh, and my favorite, backed by at least one study whose authors say they have no idea why it works–but that I’ve actually used myself to surprising effect: walking backward to trigger memory recall.   

Look, the human brain is fascinating, and as I write in my free e-book Neuroscience: 13 Ways to Understand and Train Your Brain for Life, there’s no subject that seems to attract more universal interest than the unexpected ways in which it works.

Maintaining and improving memory are at the top of the list for so many of us — and doubly so if the behaviors we’re talking about are simple, tasty, and frankly things you might consider doing anyway.

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Topley’s Top 10 – November 07, 2023

1. Just Amazon AWS Revenue was Higher than Revenue of 461 Companies in S&P 500

@Charlie Bilello Amazon’s AWS revenue over the last 12 months ($88 billion) was higher than the revenue of 461 companies in the S&P 500. From $3 billion to $88 billion in less than 10 years (>40% annualized growth).

Apple has bought back $604 billion in stock over the past 10 years, which is greater than the market cap of 492 companies in the S&P 500.

2. XLE Energy ETF Interesting Chart

XLE failed at 2 attempts to make new highs..then twice bounced off 200-day

3. Berskire Record Cash….Sold $5B in Stocks.

4. Dow Jones Railroads Holding Lows

5. Last Weeks Rally Led by Weakest Previous Performers.

Bespoke The rally this week has been broad based, but the best performing stocks have been the names that did the worst in the 10 days prior.  Below we’ve broken the large-cap Russell 1,000 into deciles (10 groups of 100 stocks each) based on stock performance during the market’s decline from 10/17 to 10/27 (last Friday).  As shown, the decile of the worst performing stocks during the 10/17-10/27 pullback is averaging the strongest gains during this week’s rally.

Looking at individual stocks, below are the 30 best performing names this week in the Russell 1,000.  At the top of the list is Roku (ROKU), which is up more than 50%!  Another eight stocks are up more than 25% this week, including names like DoorDash (DASH), DraftKings (DKNG), Pinterest (PINS), Paramount (PARA), and Palantir (PLTR).  Other noteworthy stocks up big this week include Wayfair (W), Block (SQ), Avis (CAR), Warner Bros. (WBD), Coinbase (COIN), TopBuild (BLD), and even Peloton (PTON).

6. ARKK Rallied +19% Last Week

7. Regioanl Banks KRE +13% Last Week

8. S&P Returns Around Election Years.

Capital Group-Patient investors who stay the course have often been rewarded. Since 1932, stocks have gained an average of 11.3% in the 12 months following the conclusion of the primaries (using May 31 as a proxy) compared to just 5.8% in similar periods of non-election years.

9. MBA Applications at 7-Year Low

Bloomberg By Robb MandelbaumData Bloomberg Businessweek collected from highly ranked business schools in our survey indicates that applications to full-time MBA programs at most of those institutions have been falling since at least 2017, despite two good years during the pandemic. At least 17 of the top 26 programs have seen long-term application declines—which for most of them continued into 2023. (At press time, Columbia Business School had yet to publish data for its class of 2025. Berkeley’s Haas School of Business declined to provide application figures for the last two years.)

10. The U.S. Receives 1m Legal Immigrants Per Year….More than the Rest of World Combined.

Zero Hedge  Why Immigrants Came to the U.S. in 2021

New arrival data in a given year includes non-tourist visas, new arrival green cards, refugees, and asylees.

Each arrival falls under a broad class of admission:

  • Work: Includes visas for specialty occupations or temporary agricultural work, as well as new arrival green cards issued for employment.
  • School: Includes student visas and families of student visa recipients.
  • Family: Includes immigrant visas and new arrival green cards issued for relatives of American citizens.
  • Safety: Includes refugees and asylees, as well as immigrant visas and new arrival green cards issued for fears of safety or persecution.
  • Diversity: Entry through the Diversity Visa Program—also known as the “green card lottery”—which accepts applicants from countries with low numbers of immigrants in the previous five years.

In 2021, the United States saw 1.53 million new arrivals. Here’s how the arrivals break down by class and origin:

New arrivals for work were the largest cohort of entries to America, totaling 638,551 people or 41.8% of new arrivals. The majority came from neighboring Mexico, which accounted for 55% of incoming workers and was the largest single country of origin.

School and education saw 492,153 people 32.2% of new U.S. arrivals, with the majority coming from Asian countries. China had the most school-related entries into the U.S. out of individual countries, accounting for 19.0% of total school-related entries, followed by India at 17.4%.

Family entries to the U.S. comprised just 23.2% or under a quarter of incoming new arrivals. In these instances, the largest cohorts came from India (17.6% of family entrants) and Mexico (15.2% of family entrants).

Compared to the larger classifications above, safety (1.9% of total entrants) and diversity (0.9% of total entrants) accounted for significantly fewer U.S. arrivals. The countries with the most citizens seeking refuge or asylum were the Democratic Republic of the Congo (4,876 refugees) and Venezuela (1,596 asylees) respectively.