TOPLEY’S TOP 10 July 10 2024

1. Concentrated Stock Rally Update…Highest Since 1972

Ned Davis

2. Cap Weight vs. Equal Weight Hits 2000 Level

Bespoke Investment Group

3. The Last 30 Days Has Narrowed the Market Even More

Michael Batnick Irrelevant Investor Blog

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.”

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