Since February 2023:

1. Magnificent 7: +77%
2. S&P 500: +20%
3. Russel 2000: +5%
4. S&P 500 Equal Weight: +4%

If you remove the Magnificent 7 from the S&P 500, the index is barely up 5% over the last year.

In other words, if you bought all S&P 500 stocks other than tech last… pic.twitter.com/8QtS4MTmAU

— The Kobeissi Letter (@KobeissiLetter) February 13, 2024

📌 Cash

The FMS cash level has fallen to 4.2%, but it is not currently seen as a contrarian sell signal
👉 https://t.co/blMxcoFA78

h/t @BofAML #markets #investing #investors #cash#sp500 $spx #spx $spy #stocks #stockmarket #equities pic.twitter.com/TjhQGwXlqA

— ISABELNET (@ISABELNET_SA) February 14, 2024

Pop! #inflation pic.twitter.com/QmvGW0Q17y

— jeroen blokland (@jsblokland) February 13, 2024

Wondering how a small miss on the US #inflation numbers can result in such a spike in yields on US government #bonds (2- and 10-year below)?

A lot of it has to do with the extent to which #markets had embraced, subject to limited critical thinking, the narrative of a very soft… pic.twitter.com/TLxLxPVUPD

— Mohamed A. El-Erian (@elerianm) February 13, 2024

We discussed previously that after the sharp drop in #Yields in 2023, a retracement to 4.25% -4.5% was likely to reverse overbought conditions. With economic growth and inflation at 3%ish, once this retracement is complete yields should start to move toward equilibrium at 3.25%.… pic.twitter.com/IdOqPcaef1

— Lance Roberts (@LanceRoberts) February 14, 2024

JUST IN: 🇩🇪 German banks prepare for huge loan defaults in ‘greatest real estate crisis since the financial crisis’ – CNN pic.twitter.com/NJHemHjTPZ

— Radar🚨 (@RadarHits) February 13, 2024