⚠️NVIDIA MOMENTUM IS FADING⚠️
Nvidia announced it expects revenue of $37.5 billion in Q4 which is $400 million above average expectations. $400 million was the SMALLEST beat in at least 2 years. By comparison, the Fiscal 2Q 2024 sales expectations were beat by $3.8 BILLION. Source: Global Markets Investor
Schwab CEO Says He "Feels Silly" For Not Buying Crypto;
Announces that Schwab Will Enter Spot Crypto Markets. Source: Bloomberg, Matthew Sigel on X
15% of Micro Strategy $MSTR float is still short...
Source: www.zerohedge.com
A tweet by Elon Musk
#doge Source: Elon Musk on X
JUST IN: US Senator Cynthia Lummis outlines Strategic Bitcoin Reserve plan: "purchase 200k BTC per year for five years. 1m BTC total."
Source: Bitcoin Magazine
US HOUSING AFFORDABILITY HAS NEVER BEEN WORSE
84% of US consumers believe it is a bad time to buy a home, near the most on record. The share is greater than in the 1980s when rates were sky-high and as much as 20% versus 4.5% now. House prices are also near record highs. Source: Global Markets Investor
S&P500 earnings estimates for 2025 have rolled over and declined over the last few weeks.
At the same time, the S&P 500 continued to rise making valuations even more stretched (expensive). Will earnings estimates catch up or stocks fall? Source: Global Markets Investor
A nice one
by Julian Liniger (Relai 🇨🇭)
