Five interesting things that Hodges Capital research analysts discovered this week...

#1 CHINA HIGHS: Even with the recent multi-day rally, the Shanghai Comp remains 45% below all-time highs that occurred 17 years ago per Deutsche Bank.

#2 Q3 HIGHLIGHTS: Per Deutsche Bank, the S&P 500 posted its first positive September (+2.1%) since 2019 and Bloomberg’s global bond aggregate was up for the first September (+1.7%) since 2016. Gold (+13.2%) posted its strongest quarter since 1Q16 and U.S. Treasuries advanced for a 5th consecutive month in September for the first time since 2010.

#3 AI IS COSTLY: Capex runs at 10.4% of sales for the Mag 7 and trails only 2 sectors in the S&P 500 (UTL at 37.0% and RE at 12.9%) according to Strategas.

#4 RAINFALL: As much as 40 trillion gallons of rain hit the Southeast U.S. from Hurricane Helene according to a former NOAA chief scientist. That’s the equivalent of a Lake Tahoe.

#5 CAR SHOPPERS: 41% of buyers will only visit one car dealership in search of their next car, according to iPacket. Payment calculators, car photos, and vehicle display pages have made car shoppers more prepared than ever.

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