Bitcoin hit an all-time high at $69k and then dropped by -10%
Source: Not Jerome Powell
Institutional interest in Bitcoin ETFs heats up as inflows surge to $562 million, outpacing new miners by 10x.
Source: cointelegraph
Apple's iPhone sales tumble 24% in China, its biggest Asian market, losing out to Huawei, according to Counterpoint Research data
Source: Bloomberg
What will happen to gold if/when Fed cuts and real yields plunge to negative territory?
Source chart: The Macro Guy, Macrobond
BREAKING: BRICS Will Create Payment System Based on digital currencies and blockchain!
The BRICS nations, consisting of Brazil, Russia, India, China, and South Africa, have announced their intention to create an independent payment system based on crypto and blockchain technology. According to Kremlin aide Yury Ushakov, the primary goal of this initiative is to provide a convenient, cost-effective, and politically neutral platform for governments, businesses, and individuals within the BRICS countries. The decision to develop this innovative payment system comes as part of the BRICS nations’ broader strategy to increase their role in the international monetary and financial system.
The stock market rally continues in Germany.
The Dax is heading for its 9th daily gain in a row. The rally is being driven by the Dax "Glory 5" stocks - an index consisting of SAP, Siemens, Allianz, Munich Re, and Deutsche Telekom. These 5 stocks have outperformed the Dax Price Index by almost 100%-pts over a 10 year period. Source: HolgerZ, Bloomberg
Not all Tech stocks are magnificent...
$AAPL and $TSLA the main downside outliers...
Gold has been outperforming tlt (iShares US Treasuries 20y+)
Source: J-C Parets
