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Top-heavy markets
FTSE 100 companies are so cheap and so global that local politics is irrelevant
2024 vs 2021
Insignificant Seven?
Chipmaker joins Apple and Microsoft in reaching milestone after blistering share price ride
Global elections, regional conflicts and sky-high US equity prices might test the patience of investors this year
Also in today’s newsletter, US earnings look fine (but only fine)
US borrowers raised $7bn this month by selling convertible debt
Plus money velocity
Comparisons between the Magnificent Seven US tech stocks and the dotcom bubble miss the point
The EU is missing out on trillions of euros of capital for its businesses
And more on bad buybacks
Group of 11 pharma, tech and luxury shares echoes US dominance of ‘Magnificent Seven’
A mostly inconsequential look at what’s getting shorted where
Tobacco group continues to suffer from decline in smoking
Emerging-markets lender announces $1bn stock buyback as fourth-quarter profits surge almost tenfold
After the Nikkei’s record-breaking run, what should investors do now?
Foreign fund managers have been buying back in but many domestic investors remain wary after long bear market
US, European and Japanese markets hit all-time highs after chipmaker reignites AI optimism
Benchmark tops highest-ever level reached in late-1980s asset bubble after powerful rally since January
Examining the transactions by the number of shares sold instead of dollar value makes them look more conventional
Famed investor’s timing was good. Others shouldn’t try to follow the Oracle of Omaha now
The surge in shares such as Nvidia spark concerns over ‘irrational exuberance’
Actually, they do look pricey
Trends since 1950 point to double-digit gains in next 12 months, but caution needed over tech dominance
International Edition