5-Chart Friday (11/27/20)

By Charlie Bilello

27 Nov 2020


5 charts from the past week that tell an interesting story in markets and investing…

1) Dow 30,000

The Dow crossed above 30,000 this week for the first time. A look back at other 1,000 point milestones through the years…

2. Airline Travel Slowly Coming Back

Last Sunday (11/22) we saw more than 1 million (1,047,934) airline passengers in the US, the highest total since the pandemic began.

Thanksgiving week is typically the busiest travel week of the year, but this year air travel remains 60% below levels from a year ago. As the vaccines are approved and distributed, travel is expected to significantly increase throughout 2021.

Source: TSA

3. Tesla > Berkshire

Another week, another giant slayed by Tesla. At $560 billion, Tesla’s market cap is now higher than Berkshire Hathaway.

Created in YCharts

3. Golden Slumbers

Gold fell below its 200-day moving average this week for the first time since March, down 14% from its August high.

4. IPO Fever

2020 has been a boom year for IPOs, and it’s not over yet (click here for my tweet thread on IPOs since 2012).

In the next few weeks Airbnb, Doordash, Wish, and Roblox are all expected to go public.

Why are companies rushing to cash in? The demand and risk appetite from investors hasn’t been this high in a long, long time.

One way to track that is looking at one of the largest IPO ETFs (Ticker: IPO) which has more than doubled on the year…

Created in YCharts

5. The Craziest Thing You May Ever See in Markets

Crypto mania is back, and with it the craziest thing you may ever see in markets.

This week investors in the Litecoin Investment Trust (Ticker: $LTCN) paid $500/per share for underlying assets worth only $8.37. That’s a 5,874% premium to NAV.

Created in YCharts

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And that’s it for this week. Thanks for reading.

Have a great weekend everyone!

-Charlie

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Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, or an offer to buy or sell any security. For our full disclosures, click here.

About the author

Charlie Bilello

Charlie is the founder and CEO of Compound Capital Advisors.

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