Markets Calm Before The Storm, As The AI Wave Wains?

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  • Опубліковано 21 чер 2024
  • This is weekly market update, starting in the US, Europe, then Asia and then the US, as I get my thoughts organised!
    This week, punctuated by a Wednesday US holiday, saw markets taking a breather following recent volatility and record highs. The Nasdaq had hit record highs on Thursday, boosted by strong gains in tech, and indications of a gradual easing in the labor market and inflation levels.
    But on Friday, in New York, the S&P 500 closing modestly lower thanks to the quarterly expiration of about $US5.5 trillion of options during the quarterly “triple witching” in which derivatives contracts tied to equities, index options and futures mature. Around 18 billion shares changed hands on US exchanges, which is 55 per cent above the three-month average volume. The options’ expiration coincided with index rebalancing as well.
    Remember that S&P 500 is up 14.6% this year, but most of the broader index's gains have been concentrated in the information technology and communications sectors - up 28.2% and 24.3%, respectively. The rest of the market has been more subdued: the next best performing sector, utilities, is only up 9.5% year-to-date. More than 7% of stocks are down this year. So the huge price gains, including Nvidia's 155% year-to-date run, have stirred worries that the tech rally might be overheated.
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КОМЕНТАРІ • 24

  • @TheEarlVix
    @TheEarlVix 19 днів тому +8

    The ratio of the cap-weighted S&P 500 to the equal-weighted S&P (say SPY/RSP) is at ludicrous levels. Surely if AI was a productivity gain wouldn't we be seeing better earnings & profits in the broader market? Somehow the whole story isn't quite adding up to me.

  • @SallyIronic
    @SallyIronic 19 днів тому +3

    I agree with you 100% Martin, markets are set to fall! The hype is over and reality has set in.

  • @williamcrossan9333
    @williamcrossan9333 17 днів тому +1

    The main thing with the Aussie market, is the All Ords is 20% higher than 16.5 years ago. That hasn't even kept up with measured CPI, let alone nominal GDP growth.

  • @richarddobosz6174
    @richarddobosz6174 18 днів тому +2

    Thank you ,plenty of information , Alarm bells are ringing very loud..........

  • @kidsoxoxox
    @kidsoxoxox 19 днів тому +6

    I'm still buying Gold. Zip, zero trust in banks, markets and Bonds.

    • @redsed1565
      @redsed1565 18 днів тому +1

      what will u do with all your wealth?

    • @kidsoxoxox
      @kidsoxoxox 18 днів тому

      To Ensure it's not Confiscated in the CBDC Currency reset and then I can pass it onto my kids. Homes will be taxed away from you, shares, bonds, bank accounts frozen and eventually worthless. The collective West is heading 100 MPH into Communism. If you ain't got physical Gold and Silver you ain't got nothing.

  • @jetplane10
    @jetplane10 13 днів тому

    Hello Martin 🙂

  • @mylimomelbourne4757
    @mylimomelbourne4757 19 днів тому +2

    Meta Apple Google Microsoft Amazon Yahoo all have one thing in common. They are all hand in hand and contribute to advertises , content and in direct competition to Tesla who does not contribute. Nvidia should start choosing friends more wisely in the not too far future when labour costs everything becomes so cheap these companies could become obsolete when Ai humanoid robots arrive and already exist

    • @grizzz6884
      @grizzz6884 19 днів тому

      its nero link and star link , they are trying to keep out of public eye . they are the end game products we will all be forced to use .

  • @jetplane10
    @jetplane10 19 днів тому +1

    😁

  • @redsed1565
    @redsed1565 19 днів тому +4

    all markets need to be abolished!

    • @homebrandrules
      @homebrandrules 19 днів тому

      why?

    • @redsed1565
      @redsed1565 19 днів тому +4

      @@homebrandrules people making money sitting on their butts is the cause of all this chaos

    • @homebrandrules
      @homebrandrules 19 днів тому

      @@redsed1565 THANX FOR the reply. i am one of them, after working from the age of 15 saving most of my salaries/wages thru the years and investing. then retiring at about 40 yrs of age. now i do volunteer work and grow organic food which i share with the community

    • @grizzz6884
      @grizzz6884 19 днів тому

      we need a true free market , with no tax advantage , or laws to help or hinder anybody

    • @redsed1565
      @redsed1565 19 днів тому

      @@grizzz6884 NO MARKET!

  • @williamcrossan9333
    @williamcrossan9333 17 днів тому

    New technology has been happening for 3 centuries. Steam engines. Electricity. The assembly line. The car. Industrial automation. Radio. The telephone. The computer. IT.
    Each and every time, there were grave fears that jobs would be lost. And each time, the new technology actually created more jobs. I've got no doubts that AI will prove no different.

  • @bradmackie3476
    @bradmackie3476 17 днів тому

    AI for Australia is set for 2028 with the commissioning of the first commercial quantum computer.

  • @mangoman9290
    @mangoman9290 18 днів тому

    Wax and wane