1. Concentrated Stock Rally Update…Highest Since 1972
Ned Davis
2. Cap Weight vs. Equal Weight Hits 2000 Level
Bespoke Investment Group
https://www.bespokepremium.com/interactive/research/think-big-blog
3. The Last 30 Days Has Narrowed the Market Even More
Michael Batnick Irrelevant Investor Blog
https://www.theirrelevantinvestor.com/p/always-hard-beat-market
4. We Shall See….Mag 7 Earnings Projected to Slow.
Business Insider Jennifer Sor
5. How Hard is De-Globalization and Onshoring? AAPL Phone Uses Parts from 43 Countries.
AAPL straight up since AI announcements
6. Core PCE is Fed’s Preferred Inflation Measure….Trending to 2%
7. KRE Regional Bank ETF Stuck Below 200-Week Moving Average Since February 2023
8. Will Regional Bank Commercial Real Estate Move into Private Equity Hands?
Bloomberg Neil Callanan-
John Brady, global head of real estate at Oaktree, is similarly blunt about what’s ahead: “We could be on the precipice of one of the most significant real estate distressed investment cycles of the last 40 years,” he wrote in a recent note on the US. “Few asset classes are as unloved as commercial real estate and thus we believe there are few better places to find exceptional bargains.”
https://finance.yahoo.com/news/us-commercial-property-crash-set-103000002.html
9. Used Car and Truck Prices Giving Back Covid Spike.
Wolf Richter for WOLF STREET
Used Car & Truck Prices Spiral Down Further in Historic Plunge, Surrender 60% of Stunning 2-year Spike
But used EV prices still +61% from Jan. 2020, used ICE vehicles +31%. When will they bottom out? Compact cars approach affordability again.
10. Warren Buffett Solves Deficit in One Sentence
