TOPLEY’S TOP 10 October 29, 2024

1. 2022 Once a Generation Experience?  Stock and Bonds Both Down Teens


2. Seasonality Favorable


3. S&P Has Not Had Two Down Days in a Row for 30 Sessions

The chart -Marketwatch 
Investor buy-the-dip mentality has been on show of late. The chart from Jason Goepfert at Sentimentrader shows how the S&P 500 has not had two down days in a row for 30 sessions. When the stock benchmark has the temerity to register a negative day investors push it up the next.  “This is one of the longest streaks in its history, with the Nasdaq not far behind,” says Goepfert. Similar streaks of buy-the-dip activity preceded gains over the next 6-12 months almost without fail, he notes.

Source: Sentimentrader
https://www.marketwatch.com/story/theres-a-generational-opportunity-for-investors-in-this-sector-says-jpmorgan-a82c6c5d?mod=home-page


4. Tesla Forward P/E 81x vs. NVDA 35x

Tesla hitting resistance in chart


5. Peak Earnings Week

Dave Lutz Jones Trading
-This is arguably “Peak Earnings Week”
 with 34% of IWM’s Market Cap, 31% of SPY’s and 30% of QQQs reporting


6. DJT Media Now +185% in One Month


7. Sales of Existing Homes Back to Early 1990’s Levels…Inventory Moving Back to 2016 Levels

Wolf Street Blog

https://wolfstreet.com/2024/10/23/demand-destruction-for-existing-homes-sales-in-2024-to-plunge-below-4-million-homes-lowest-since-1995-as-supply-spikes/


8. Manufacturing Reshoring -Breaks Down to Sub-Sectors

From Barry Ritholtz Blog
The US manufacturing construction boom is massive

Source: @Joseph_Politano


9. Poor sleep in early midlife years could mean higher dementia risk: Study

by Anna Kutz

  • Study compared baseline sleep data with MRI scans taken years later
  • Having more ‘poor sleep characteristics’ linked to dementia development
  • Daytime sleepiness, early morning wakeups are two characteristics

(NewsNation) — Those tossing and turning throughout their early midlife years may be more susceptible to dementia as they age, researchers found.
The new study, published Wednesday in the journal Neurology, analyzed 589 people’s brain scans for a connection between sleep quality in people in their 40s and their brain age later in life.
Researchers found a “dose-response relationship” between the two factors, with those who reported more poor sleep characteristics at 40 showing an advanced brain age in MRIs obtained 15 years later.
Poor sleep characteristics include:

  • Bad sleep quality
  • Difficulty initiating sleep
  • Difficulty maintaining sleep
  • Early morning awakening
  • Daytime sleepiness

Patients who reported two or three characteristics had a brain age that was 1.6 years older than people who only reported one characteristic, which made up roughly 70% of the pool.
However, those with more than three characteristics — around 8% — showed a brain age 2.6 years older than their counterparts.
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“Sleep problems have been linked in previous research to poor thinking and memory skills later in life, putting people at higher risk for dementia,” study author Dr. Clémence Cavaillès told MedPage Today. “Our study which used brain scans to determine participants’ brain age, suggests that poor sleep is linked to nearly three years of additional brain aging as early as middle age.”
“Advanced brain aging is associated with cognitive decline and Alzheimer’s-related atrophy patterns,” Cavaillès added. “Therefore, poor sleep may be an important target for early interventions aimed at preventing neurocognitive decline, even before amyloid and tau accumulation begins.”
The researchers used CARDIA, a long-term federal study of cardiovascular disease, to obtain baseline data. As the characteristics were self-reported, study leads acknowledged that some people’s sleep data could have been misreported.

Tags  https://thehill.com/homenews/4956431-poor-sleep-dementia-risk/


10. Emotional Intelligence