JUST IN: Bitcoin has officially processed over 1 billion transactions.
In a fully decentralized way and without a single glitch... Source: Bitcoin Magazine
Electric vehicles companies are cash-rich...
Here’s a look at the cash vs. long-term debt for EV companies: $TSLA $RIVN $NIO $XPEV $LI Source: YCharts, Beth Kindig
Apple's $AAPL iPhone revenue every Q1 since the smartphone was first introduced
Source: Evan
A brutal reversal for ESG focus ETFs
Source: Bloomberg
Odds of a September 2024 rate cut jump to 53% after the weaker than expected jobs report, according to Kalshi.
The base case now shows TWO interest rate cuts in 2024, up from ONE prior to the report. On Wednesday, Fed Chair Powell specifically said weakening of the labor market could spur rate cuts. Market implied odds of zero interest rate cuts this year have dropped from 35% to 27%. The Fed rollercoaster ride continues. Source: The Kobeissi Letter
Stocks, bonds and cryptos rally following soft US jobs data.
Hiring slows to 175,000 jobs in April way below the forecasted 240k. This is the lowest figure since Oct 2023’s +165k. Household survey came in below forecasts as well with unemployment rate rising to 3.9% from March's 3.8%. Wage growth slows to 0.2% MoM vs 0.3% expected. Note that 0.2% is consistent with 2% inflation. Source: Bloomberg, HolgerZ
Satoshi Nakamoto explaining why Bitcoin is a breakthrough in monetary history, exactly 15 years ago.
Source: Rizzo on X
The SP500 in gold terms has gone nowhere since 2017 + it’s hard to ignore this massive head and shoulders taking shape.
Source: Tavi Costa, Bloomberg
