There is a website tracking the German Bitcoin losses in real time:
https://lnkd.in/eU_icc8x Source: Carl B Menger on X
Bitcoin has decoupled from its strong correlation with tech overall in the last two weeks...
Source: Bloomberg, zerohedge
This is not a Trump trade but rather a "soft landing trade" => Stocks have rallied on the prospects of a soft landing for the economy
Source: Edward Jones
Stocks have rallied on the prospects of a soft landing for the economy">
Stocks have rallied on the prospects of a soft landing for the economy">
Long Magnificent 7" has been the most crowded trade among investors for 16 months straight, even after the recent drop.
This is according to 71% of 242 global fund managers polled by Bank of America. This percentage is up from 69% and 52% in June and May Source: BofA, The Kobeissi Letter
The Japanese Yen is up against the US dollar to its strongest level since mid-June.
The USD-JPY currency pair is down over 3% since Thursday after hitting a 38-year high following another round of intervention by Japan’s Ministry of Finance. Japanese authorities reportedly spent $22 billion on Thursday and Friday to prop up the yen, according to Bloomberg. This comes after Japan spent a record $62 billion to support the currency between April 26th and May 29th. Over the last 12 months, the Yen has declined by ~12% and has been the worst-performing currency of G10. Source: The Kobeissi Letter
India‘s economy is overtaking UK, the former colonial power.
And this is most likely just a start. Source: The Economist, Michel A.Arouet
US small cap funds see 2nd largest weekly inflow ever
Source: EPFR, BofA, Mike Z.
THE Qs GET CRUSHED
$QQQ Worst one-week decline in over three months. Source: Trend Spider
