Notable: $BITO traded $1.7b last week, 2nd biggest week since its wild WEEK ONE
$GBTC did $800m. That's $2.5b (top 1% among ETFs) into two less desirable methods (vs spot) for exposure. There's clearly an audience for bitcoin spot etfs. Source: Eric Balchunas, Bloomberg
This is WORSE than the 2008 Financial Crisis. Credit card defaults are rising at levels NEVER seen in 3 decades
Source: Game of Trades
Current market mood
Source: Raman Iyer
The Greatest Treasury Bear Market in History
Source: BofA, Barchart
Uranium narrative has made headlines again...Prices are now back above the levels seen before the Fukushima incident in March 2011...
Source: Game of trades
Adding to that Great Rotation theme is this chart
US households account for 73% of Treasury bond buying in 2022-2023 (so far) A lot of pain being experienced for those not willing to hold to maturity amid this bond blood bath... Source: Markets & Mayhem, Goldman Sachs
Gold's normal negative correlation to the dollar (upper chart) and US bond yields continue to collapse
Highlighting the current support for XAU as an alternative investment amid rising financial risks as yields surge and investors worry about developments in the Middle East (Chart: Bloomberg)
P/E Forward for the largest US companies - Magnificent 7
$TSLA Tesla 62 $AMZN Amazon 58 $NVDA NVIDIA 40 $MSFT Microsoft 30. $AAPL Apple 28 $GOOGL Alphabet 24 $META Meta 23 Source: Vlad Bastion
