You probably know that AAPL and TSLA are about to Split, those transactions provide zero add value (economically) speaking. However, the marketing value of those operations can be relevant. Today AAPL had a great move, more than 5% and TSLA 2.4%. The market internals were weak most of the day and closed negative so I expected a down day however the market closed higher. I can wait until Monday.
R Option had positions that expired today and the risk for next week is minimal. The market is hot and maybe getting too hot but it can always get a bit hotter.
The “flow reality” of my analysis shows that Fund Flows for Equities in North American are down MTD. YTD, 170Bn left the equity market Bonds saw inflows of 485Bn and 560Bn are in money markets vehicles. Of course, that is a small universe but significant enough for me.
To review YTD daily updates of key indexes you can visit this blog page
YTD, as of the closed of last night:
Nasdaq was 31%
SP500 was 4.7%
Dow Jones was -2.8%
Euro Stoxx 50 was -12.58%
Hang Seng China Enterprises was -9.06%
Winter and Elections are coming to US and Europe is not showing relevant strength, there are a few places that can show great return disregarding valuations…we all know that money attracts new money.