The bull market none is talking about. Uranium prices are surging as nuclear is seen as one of the only "clean" energy source to move away from fossil fuels
Source chart: (((The Daily Shot)))
Bitcoin wealth concentration issue: as shown below, 2.08% of existing Bitcoin holders (adresses) owns almost 93% of coins currently in circulation
Is the analysis oversimplified? what will happen if several ETF spot bitcoin ar approved and large asset managers become forced buyers? As show below, a small number of adresses owns the vast majority of BTC currently in circulation. However, some analysts believe that this table is misleading. For instance, glassnode highlighted that the table below does not factor in custodians, lost coins, and wrapped BTC. Adjusting these numbers might get you below 50% of concentration for the top 2% adresses, which is still high but much better than the current global wealth distribution. Still, this raises the question about how big will the supply/demand imbalance be the day several Bictoin spot ETF are approved. Indeed, asset managers will become forced buyers of an asset which is indeed quiet scarce. It is however possible that some "wwhales" might take advantage of rising demand and price increase to offload some of the BTC they have been hodling. Time will tell.
Franco Nevada reaching major support zone
Franco Nevada (FNV US) is in a trading rance 105 - 170 since 2020 ! It's now reaching the lower end 105. Will it rebound once again ? Source : Bloomberg
The P/E ratio on the S&P 500 is currently 21.3, with a multiple expansion of 9% in 2023
The average P/E ratio for the S&P 500 since 1989 is 19.2. Source: Charlie Bilello
BREAKING 🚨: Chinese Stocks have fallen to their lowest prices in 5 years
Source: barchart
Unprofitable Tech stocks continue to outperform the Magnificent 7, with the latter now back at support levels seen in the early summer relative to the unprofitable names...
Source: www.zerohedge.com, Bloomberg
Peak Big Tech? Nvidia insiders unload shares after 220% AI rally:
Insiders sold or filed to sell about 370,000 shares last month worth ~$180mln. Zuckerberg sells 1st Meta shares in 2 years after 172% surge. Meta co-founder unloaded $185mln of stock in November. Meanwhile, Nvidia Corp. executives and directors last month sold or filed paperwork showing they intend to sell roughly 370,000 shares worth about $180 million, according to data compiled by the Washington Service. If all of the shares were sold, it would be the biggest monthly disposal by dollar value in at least six years. Source: Bloomberg, Holger Zschaepitz
2024 is expected to be a year of interest rate cuts
Here's what's currently priced in markets of who does what when. Source: Bloomberg, David Ingles
