First notable slide in TGA (Treasury General Account):
Treasury cash is down $34BN to $925BN from $959BN Source: www.zerohedge.com, Bloomberg
Only 5% of Fund Managers expect gold to trade above $5,000 by the end of 2026, none over $6,000
Source: BofA
This chart will get soon updated
Wall ST is expecting Nvidia $NVDA to report revenue of $54.9 Billion tomorrow up from $35.1B in the same quarter last year Source: Wolf, https://lnkd.in/enK2fikS
⚠️Retail investors are ALL-IN on US equities:
Individual investors' equity allocation hit 70.5%, near the highest since the 2000 Dot-Com Bubble burst. This is also in line with the 2021 meme stock frenzy peak. Their cash allocation remains historically low at 14.7%. Source: Global Markets Investors
Zombie Companies (businesses unable to cover their debt payments) have reached the highest level in almost 4 years 🚨🚨🚨
Source: Bloomberg
We actually got some US macro data yesterday.
Better than expected survey data for the New York Manufacturing sector along with a jump in construction spending (handily beating the expectations of a small decline), both prompted a further decline in rate-cut odds for December (down to less than 40%)... Source: www.zerohedge.com, Bloomberg
The short-term holder supply in profit/loss ratio is the lowest it’s ever been in the history of bitcoin.
Indeed, 95% of bitcoin $BTC held by short-term holders, those who bought less than 155 days ago, is underwater. Even with two 30% drawdowns this cycle, the speed and severity of the current drawdown have made it much more severe. Source: Joe Consorti, Frank @FrankAFetter
Is Michael Saylor's Strategy under attack?
Its mNAV is now negative - i.e the company's market cap is less than its BTC holdings.. Source: zerohedge
