BofA - The Flow Show If Stocks were the Super Bowl-240209

AccessibleversionTheFlowShowIfStocksweretheSuperBowlScoresontheDoors:oil3.1%,USdollar2.7%,stocks2.6%,commodities2.2%,crypto08February20241.1%,cash0.5%,HYbonds-0.1%,IG-1.5%,gold-1.8%,govtbonds-3.0%YTD.InvestmentStrategyThePriceisRight:priceofa30-secondadduringSuperBowlI(1967)was$37,500,GlobalpriceforSuperBowlLVII$7,000,000=185xjump;nothingkeepspacewithSuperBowlinflation(93of100mostwatchedTVshowsin‘23wereNFLgames);butiftheycouldMichaelHartnettchickenwingswouldnowcost$43/lb(was23c/lbin1967),6-packofbeerwouldbeInvestmentStrategist$340,gallonofgasoline$61,avgUShouseprice$4.2mn&S&P500wouldbe16374.BofAS+16468551508TaleoftheTape:talkingofinflation…Nvidiamarketcapup$600bnpast2monthsormichael.hartnett@bofa.com“1Tesla"(that’smarketcapnot1car);Nvidia$1.7tnmarketcapsameasChinastockmarket(H-sharesworth$1.7tn)asUShitsrecord64%ofMSCIACWI&Chinanow<3%.ElyasGalou>>InvestmentStrategistTheBiggestPicture:talkingofChina…ifyouinterestedindirectexposuretoworld’sBofASE(France)mostunlovedmarket,follow“Japanification”…asJapanNikkeicollapsedfrom40kto20k+33187700087(onwayto10k)in1990swasbig400%bullmarketfor15stockswithinindex("Japan'selyas.galou@bofa.comNifty15"-Chart2)sameperiod,i.e.especiallyindeflationbearssmallportfolioof"bestofbreed"stocks(strongmanagement,balancesheets,EPS)veryprofitable.AnyaShelekhinInvestmentStrategistCha...