https://twitter.com/NorthmanTrader/status/1864324436553290006
Costco's price-to-earnings ratio currently stands at 60.
Let that marinate.
— The Great Martis (@great_martis) December 4, 2024
The headlines say the market is surging due to CRM (Salesforce) earnings. Which is now a Dow stock:https://t.co/aS0saFoPxb
The Cloud Computing sector is going late stage parabolic. The most since Biden was elected.
But, way ahead of schedule. Last time this level of return… pic.twitter.com/yPnaZs9jdx
— Mac10 (@SuburbanDrone) December 4, 2024
⚠️US STOCK MARKET LIQUIDITY IS FALLING⚠️
S&P 500 ETF daily trading volume PLUNGED to 26.9 million on Tuesday, near the lowest since 2007.
At the same time, S&P 500 futures trading volume FELL to the lowest in 3 YEARS.
This increases the risk of some wild moves going forward. pic.twitter.com/mhYZh98ZGg
— Global Markets Investor (@GlobalMktObserv) December 4, 2024
CEO Mary Dillon commented on the earnings stating that Foot Locker is "also contending with some more recent softness out of Nike."
This comes as Nike, $NKE, has already seen weakness all year with the stock down -26% YTD.
The stock is now down -2.2% pre-market on the news. pic.twitter.com/5NY7JWfu3i
— The Kobeissi Letter (@KobeissiLetter) December 4, 2024
Might want to dust off that fire suit. 🔥 pic.twitter.com/bvTAhnmPw4
— The Great Martis (@great_martis) December 4, 2024
NO one is buying it.
Mag 7 just reached its lowest volume in years.
Last time we had similar conditions, it was very close to a significant top. pic.twitter.com/otc9p2mlSZ
— Guilherme Tavares (@i3_invest) December 4, 2024