Monday, March 18, 2024

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Here are American Jewish Committee’s top stories and resources of the day to help you stay informed, share the facts, and rally your networks to take action in support of Israel and against Hamas’ war crimes.
 
Forward this to your friends and networks. They can sign up at AJC.org/Israel 

Update. Day 164 Hostages Update: Israeli Delegation in Doha; IDF Confirms Captain Daniel Perez Was Murdered on Oc‍tob‍e‍r 7

Today, Israel’s negotiating team, led by Mossad Director David Barnea, is in Doha, Qatar where mediators will lead talks about a temporary ceasefire and hostage release. On Sunday, the IDF announced 22-year-old Captain Daniel Perez, who was believed to have been taken hostage by Hamas, was killed on Oc‍tob‍e‍r ‍7. His brother Yonatan was also wounded that day, and following his recovery, proceeded with his wedding while waiting for his beloved brother’s return. We mourn his death with the Perez family, including his father Rabbi Doron Perez, executive chairman of World Mizrachi. May his memory be a blessing.

What You Need to Know About Israel’s Humanitarian Aid To Gaza

Eylon Levy, Israeli Government Spokesman, shared more information about how Israel is “flooding” Gaza with humanitarian aid, stating that 80% more food trucks are now entering Gaza compared with before Hamas attacked Israel o‍n 1‍0‍/‍7. According to Levy, “the United Nations has confirmed a ‘significant scale-up in humanitarian efforts... facilitated by the Israeli authorities across Gaza.’” One of the current challenges remains the delivery of aid throughout Gaza once it crosses the border. Currently, there is a lack of security and limited capacity to distribute aid within the coastal enclave in a safe manner. How is Israel working to provide Gaza with more food, medicine, and other humanitarian assistance? How is it working with the U.S. and other allies? Read AJC’s explainer for the answers to these pressing questions.

Go Deeper: AJC breaks down Hezbollah’s international terror army and the threat it poses to Israel and the world.

War Update: IDF Killed Hamas’ Third in Command; Terrorists Defeated at Al Shifa Hospital; IDF Did Not Enter Rafah Yet; Knesset Unanimously Establishes Oc‍to‍be‍r ‍7 Memorial Day

On Sunday, Hamas confirmed  Marwan Issa — the third in command of the terror group — was killed by an IDF strike. And Fatah, the West Bank-based party of Palestinian Authority President Mahmoud Abbas, is now publicly blaming Hamas for the war. In a statement, Fatah said Hamas has “false agendas that have brought nothing but woes to the Palestinian people and have not achieved anything for them.” 

On Sunday, Prime Minister Benjamin Netanyahu said, “No amount of international pressure will stop us from realizing all the goals of the war… To do this, we will also operate in Rafah.” The IDF has not yet begun its operations in Rafah. 

On Sunday, Israel’s Knesset unanimously decided the country will observe a national day of remembrance for the Oc‍to‍be‍r ‍7 massacre on the 24th day of the Hebrew calendar month of Tishrei.

Today, the IDF entered and took control of Al Shifa Hospital in Gaza City, where senior Hamas officials have been hiding and planning terror acts. 

The IDF killed approximately 20 Hamas terrorists, including senior leader Faiq Mabhouh. During the operation, 20-year-old IDF Staff Sgt. Matan Vinogradov was killed. May his memory be a blessing.
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1st quarter earnings  proved quite positive.  NVDA and SMCL made enormous moves and now energy stocks seem to be breaking out as the market broadens particularly where earnings remain strong.

I believe inflation continues to clobber the lower economic sector and any increase in Biden's extraordinary spending plans and increased wages have contributed to inflation.

Like it or not, I also believe the possibility that Trump not only will win but also might bring a flood of conservative Senators and Representatives with him is partly why the market is doing well.

In my opinion I believe the mass media continues to live in their cocoon and remain out of touch with the sentiments of vast number of voters.

But what do I know.
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Oil is dominating tech … how our oil trades are doing … higher prices are coming to the pump … the dividend yields on leading energy stocks … two reasons oil could soar from here

It’s all about tech today – specifically AI – right?

Nope.

Oil is crushing the Nasdaq 100 here in 2024.

Most investors haven’t been watching, but the price of West Texas Intermediate crude is up 13% on the year, more than doubling the Nasdaq 100’s 6% gain.

Nasdaq 100 Index

Keep in mind, the Nasdaq 100 is a “weight averaged” index. In other words, the bigger the company, the greater the “representation” it has in the index. So, the bigger the stock, the more that the performance of that stock influences the overall Nasdaq 100 return.  

Given this, when we look at the Nasdaq 100’s price, we’re not viewing an accurate depiction of how its average stock is performing. We’re getting a skewed conclusion, heavily impacted by the performance of the largest companies in the index (i.e. Microsoft, Apple, Nvidia, Amazon, and Meta).

For a more accurate gauge of the performance of the average Nasdaq 100 stock, we’d analyze the “Equal Weight” Nasdaq 100 index. As the name suggests, this allots an equal weighting to every stock in the Nasdaq 100 so that no single company has outsized influence on the overall reading.

Now, we just saw that oil’s return is crushing that of the Nasdaq 100 by more than 2-to-1 here in 2024. But when we sub in the Nasdaq 100 Equal Weight index, the results are even more jaw-dropping…

As you can see below, oil is more than 4Xing the return of the average Nasdaq 100 stock this year.

Nasdaq 100

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