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On todayโs show, we discuss:
Listen here:
Charts:
Recommendations:
Tweets/Bluesky:
Itโs worth remembering that while the top-heavy concentration during the late 1990โs was quickly reversed in the early 2000โs, during the 1950โs and 1960โs the market remained top-heavy for many years before excessive valuations finally took their toll. This could take some time. pic.twitter.com/tWF9tVOfUz
โ Jurrien Timmer (@TimmerFidelity) September 25, 2025
The leaders of the pack, the Mag 7, continue to lead with their earnings and are not showing signs of valuation excesses.
Taking a broader lens to the Mag 7 and looking at the Nifty Fifty, my study of the 50 largest stocks shows that we are nowhere near the valuation extremesโฆ pic.twitter.com/AAlxYYJnei
โ Jurrien Timmer (@TimmerFidelity) September 25, 2025
These numbers are in billions. pic.twitter.com/70JtN1RDgi
โ Josh Schafer (@_JoshSchafer) September 25, 2025
Global new highs arenโt fadingโฆ they have been accelerating.
73 days of more new highs than new lowsโฆ longest run since May 2021
This isnโt isolated strength.
๐https://t.co/SFVrMKtCeH pic.twitter.com/2kP631D9F9
โ Grant Hawkridge (@granthawkridge) September 29, 2025
The four biggest speculative “quantum” stocks โ $IONQ $RGTI $QUBT $QBTS โ came into today up an average of 2,750% year-over-year. Analysts estimate combined 2025 revenues for these companies will be about $124 million. They have a combined market cap of $46 billion.
โ Bespoke (@bespokeinvest) September 25, 2025
The number of levered ETFs has doubled over the last three years, and assets under management have almost tripled since 2022@LeutholdGroup pic.twitter.com/Y46cUCIPHU
โ Gunjan Banerji (@GunjanJS) September 24, 2025
Wow. Final read on Q2 GDP is 3.8%. (The initial report was 3%)
Consumption was +2.5% in Q2. Both goods and services spending was healthy.
The U.S. consumer remained a lot stronger than many thought, even in the midst of a stock market sell-off and a lot of trade uncertainty. pic.twitter.com/qqPNJD7SDP
โ Heather Long (@byHeatherLong) September 25, 2025
There is a woman in San Francisco who charges $30k to name your baby.
She started at $100, but she was going to dinner with VCs and a friend told her to charge more and nobody blinked.
The Bay Area might be the best place in the world for this kind of business. pic.twitter.com/6eCy0iUiqE
โ Sheel Mohnot (@pitdesi) September 28, 2025
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