BREAKING - US INFLATION DATA RELEASED - Core PCE YoY 2.6% - lowest since March 2021
BULLISH! YoY Growth: PCE (Jan), 2.5% Vs. 2.5% Est. (prev. 2.6%) Core PCE, 2.6% Vs. 2.6% Est. (prev. 2.8%) MoM Growth: PCE (Jan), 0.3% Vs. 0.3% Est. (prev. 0.3%) Core PCE, 0.3% Vs. 0.3% Est. (prev. 0.2%) Source: @CyclesWithBach, Mike Zaccardi, CFA, CMT, MBA
Bitcoin ETFs are hit by a record $1 billion outflow in one day
Investors yanked more than $1 billion from spot Bitcoin exchange-traded funds Tuesday, marking the biggest one-day outflow since the cohort’s debut last January. Fidelity Wise Origin Bitcoin Fund (ticker FBTC) posted the steepest outflows among these funds, followed by the iShares Bitcoin Trust ETF (IBIT), according to data compiled by Bloomberg. As a group, the Bitcoin funds shed roughly $2.1 billion over six consecutive days — the longest stretch of outflows since last June. source : yahoo!finance, bloomberg
Where did all the UK IPOs go?
The London Stock Exchange had fewer new IPO listings last year than during the global financial crisis. The UK saw the lowest number of IPOs in decades, with a mere 17 listings added — down 96% from its 2005 peak. source : snacksuk, bloomberg
NVIDIA $NVDA
Buys 88.2% 67 Holds 11.8% 9 Sells 0.00% 0 Street's 12M Tgt Px: $175.93 Last Price: $120.15 Source: Lawrence Mc Donald, Bloomberg
US equities now have the highest CAPE ratio globally.
More importantly: The tech sector alone is at a staggering ~60x CAPE. Source: Tavi Costa, Bloomberg
U.S. pending home sales have fallen to a new all-time low
Worse than Covid. Worse than 2008. Source: Bloomberg
Unusual VIX Call Surge at High Strikes
Shortly after 10:15 a.m. ET, there was an explosion of trading activity in far out-of-the-money options tied to the Cboe Volatility Index (commonly known as the VIX), which tracks the 30-day implied volatility of the S&P 500 based on options prices. The volumes were centered in VIX call options that expire in May, for the 55, 65, and 75 strikes. The VIX, also known as Wall Street’s “fear gauge,” has rarely eclipsed these levels.
% Off 52-Week High
Gold: -3% S&P: -5% Apple: -9% Amazon: -14% Microsoft: -16% Google: -19% Nvidia: -22% Bitcoin: -24% Palantir: -33% Coinbase: -41% Tesla: -43% Ethereum: -46% MicroStrategy: -56% Dogecoin: -59% Trump Media: -70% Trump Coin: -83% Fartcoin: -89% Melania Coin: -94%
