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Narrow rally as liquidity peaks

NASDAQ de-coupling?

NASDAQ vs the US 10 year real yield (inverted) gap is getting very wide here. Watch this closely as momentum chasing PMs tend to get carried away...

Source: Refinitiv

Not many "healthy" longs

It doesn't work that way

Source: Refinitiv

Peak liquidity

Source: Bloomberg/GS

Fabolous 7

MSFT vs. GOOGL AI supremacy

All about MAGMA

Source: GS

New regime for bank asset

Cathie - so right but so wrong

Source: Refinitiv

New highs anyone?

Source: BofA