Weekly selection of charts: bitcoin vs S&P500, systematic flows, investor positioning, short interest, macro backdrop, earnings, profit margins, Canadian stocks, USA vs global ex-US equities
I don't doubt that profits and profit margins are spiking. Most non-financial companies are selling (or trying to sell) inventories that they purchased before the inflation spike.
I hope I am writing for the many who don't, in that: you are the man to what you present.
I've always found you charts astounding, but it is also supporting my (expensive)
outside research I follow. Thank You
Second that
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I don't doubt that profits and profit margins are spiking. Most non-financial companies are selling (or trying to sell) inventories that they purchased before the inflation spike.
Indeed, I covered the surge in inventories a few weeks back... basically we can observe the data evolving from a situation of "not enough stuff" to "too much stuff" https://topdowncharts.substack.com/p/chart-of-the-week-and-weekly-report-a74