House tax proposal is out.
$4T in Tax Cuts $1.5T in Spending Cuts 👉 Another $2.5T added to the deficit. 🟢 Amazing for stocks, gold, and bitcoin. 🔴 Terrible for bonds Same old story as always. Source: Spencer Hakimian on X, Bloomberg
Dark pools are a bigger and bigger part of the stock market, now eclipsing volume at exchanges
Source: Markets & Mayhem, Apollo
BREAKING: Hedge Funds
Hedge Funds were long volatility, short U.S. Dollar, short equities, and short Bitcoin $BTC before the U.S.-China trade agreement was announced... Source: Barchart, Bloomberg
The S&P500 is flat on the year and less than 5% away from new all-time highs.
Congrats to those who stuck with their plan. Source: Ryan Detrick, CMT
US 30-Year Treasury Yield jumps to 4.89%, sitting near the highest levels of the last 18 years
Will the rise of bond yield start to hurt the equity market's recovery? What is the pain threshold? Source: Barchart
The S&P 500 just sprinted through 200-day moving average as Wall Street cheers the rollback of tariffs.
Skeptical strategists saw that level as a potential ceiling on the market rebound Source. Bloomberg, HolgerZ
Strategy $MSTR, a Bitcoin treasury company, is accumulating Bitcoin at a faster rate than total miner output, giving the supply-capped asset a -2.33% annual deflation rate
According to CryptoQuant CEO and market analyst Ki Young Ju. 🟩 “Their 555,000 BTC is illiquid with no plans to sell,” the analyst wrote in a May 10 X post. 🟩“Strategy's holdings alone mean a -2.23% annual deflation rate — likely higher with other stable institutional holders,” Ju continued. 🟩Additionally, Strategy acts as a bridge between Bitcoin and traditional financial (TradFi) markets by funneling funds from TradFi investors into Bitcoin through selling corporate debt and equity, which the company uses to finance more BTC purchases. According to Michael Saylor, over 13,000 institutions hold Strategy stock directly in their portfolios. ➡️ Bitcoin investors continue to watch the company and its effect on Bitcoin market dynamics. Strategy leads the charge toward institutional adoption of Bitcoin, further restricting the supply of available coins and raising BTC prices, while dampening volatility. Source: zerohedge, cryptoquant, cointelegraph.com
Only three times in history has the S&P 500 been down at least 15% YTD and moved back to positive by the end of the year.
Could this year will be number four? Source: Ryan Detrick
