BREAKING >>> bitcoin prices just fell over 5% in a matter of minutes, hitting as low as $41,500
After its eight straight green week, Bitcoin is finally taking a breather. The decline comes at a time of low volume and liquidity. Source: Kobeissi Letter
% Below All-Time High (total returns)...
Dow ETF $DIA: 0% S&P 500 ETF $SPY: -1.0% Nasdaq 100 ETF $QQQ: -1.7% Russell 2000 Small Cap ETF $IWM: -21% ARK Innovation ETF $ARKK: -68% Source: Charlie Bilello
GOLD remains 20% below the 1980 peak inflation adjusted
Source: DB, Win Smart
Some guys never rest...
Gemini AI
Over the last 30 years, the purchasing power of the US consumer dollar has been cut in half due to inflation
At the same time, the S&P 500 has gained 764% (>7% per year) after adjusting for inflation. Source: Charlie Bilello
Nice one by Lyn Alden -> Since the start of 2020, the United States has taken on $10.7 trillion in new public debt (i.e. accumulated deficits)
That's about $80k per household in four years. Have households received that much in deficit spending? Some did, but likely very few of them... Source: Lyn Alden
U.S. ECONOMIC DATA THIS WEEK:
*CPI INFLATION (TUES.) *PPI INFLATION, FED POLICY DECISION (WED.) *RETAIL SALES, JOBLESS CLAIMS (THURS.) *NY FED MANUFACTURING INDEX, INDUSTRIAL PRODUCTION, SERVICES PMI & MANUFACTURING PMI (FRI.) Source: www.investing.com
Losses at the Fed have now passed $125 billion
Source: Win Smart, CFA
