Mike Zaccardi, CFA, CMT
@MikeZaccardi
I break down the market’s biggest moves in charts, daily. Subscribe for exclusive analysis + direct access. Freelance writing & brand partnerships: DM
95 Following 83.6K Followers
Massive jump in real yields today... 5yr breakeven was unch at 2.25%
$WMT $TGT $TJX $ROST $HD $LOW all report from Nov 17-19
Leader $BBY not until Nov 24 @finviz_com
$INFL Inflation Beneficiary ETF is about to have a death cross
$XLE 2 straight bullish engulfings.. don't see that too often
If you're looking for a non-dramatic chart.. $TIP vs $IEF
$CRWV +5.3% AH... we'll see how fast that fades tomorrow
A solid 25bps higher in the Fed Funds futures curve out to next summer (vs last Thursday)
4.62% rate by next September
GS: The AI investment cycle is on track to reach a larger share of GDP than any previous technological investment cycle…
with the largest US hyperscalers (AMZN, META, GOOGL, MSFT, and ORCL) expected to spend ~$800bn in capex this year and a further ~$1.1tn in 2027
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Hello winter! El Nino should mean a bit above-average temps in the Northeast though @weatherchannel
China's EPS for 2026 will likely be the same as 2014's projection 12 years ago (with each CY estimate down down down) GS
$LLY record high
BofA sees memory chip supercycle extending through 2028 @seekingalpha
Goldman Sachs’s Robin Brooks: The Fed will not raise interest rates by 50 basis points @seekingalpha
US Car Prices Topping $51,000 Show Strain of Stubborn Inflation
Olive oil prices down big in the last 2 years
@financial times @soberlook
From me: Why We Want Higher Rates @stockcharts
$NVDA was responsible for 27pts of the S&P 500's 29pt decline today
What's more, rate-sensitive sectors are barely flinching.
Fascinating session.
Pretty incredible the bond market completely fell out of bed today with hot CPI and super hawkish Fed speak.. and $RSP is green
Seems like the Fed wanted to lay low before the midterms.. now they feel free to tell it like it is?
