Mike Zaccardi, CFA, CMT đ
@MikeZaccardi
Financial writer. Markets & charts. Subscribe for exclusive charts, direct engagement, and a follow-back. Open to freelance or full-time work.
94 Following 80.7K Followers
GS: The move up in US long rates mostly reflects 'real' rate pressures driven by competition for capital and resilient growth
Sentiment alert: @YahooFinance just added the "10-Yr bond" to their US markets banner $TNX
Whopping 45% Nasdaq 100 EPS growth expected this year
but 50% for the Russell 2000 next year GS
The Nasdaq 100 has de-rated to a 23x P/E
SPX 19x
$RSP 15x GS
GS: We estimate that hyperscaler capex is driving roughly half of S&P 500 earnings growth this year.
As hyperscaler capex growth slows and depreciation expenses rise, the impact of AI investment spending on S&P 500 earnings growth will begin to fade and eventually become a drag.
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Midterm years can be scary, for sure, but their Q4s are intensely bullish JPMAM
$XLU Utilities worst RSI in 3 years
Almost a 20% drawdown... price lowest since April 2025
GS: Memory stocks currently trade at a 2-year forward P/E of 4x
$NVDA 5yr CDS is heavily traded.. and rising @markets @soberlook
With just two weeks left in Q3, 19% of dividend announcements have been cuts... the highest rate since Q2 2020's 21% pandemic peak. A sobering trend.
@WallStHorizon @ChristineLShort $SPY $ACWI $QQQ
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$XLF -2.0%, worst day since March 27th... below its early-January peak
Gains for the year wiped out.
Financials really under pressure here
$JPM $WFC -4%
$91 on WTI... yet a fresh 4-month high in RBOB gasoline futures... above $3.55
Global refinery crunch is hitting hard... Strait of Hormuz is yesterday's news
From @Yardeni CPI Rates & Presidents' Parties
$BWET Breakwage Tanker Shipping ETF -27%... worst day in its 3-year history
$CRAK first 3-day losing streak since July
Jobs report Friday next week... the market sees +87k @kalshi
Crypto leads in 3Q @fundstrat @fundstratdirect
Financials smacked around... $XLF -1%
But $IWM now +1% ... retail, homebuilders, biotech big green
Small caps better today $IWM
