Chocoladefabriken Lindt back on major level
Back in August, I highlighted that Lindt had corrected more than 16% from the June highs and was retesting the 11’090–11’750 support zone, a key area aligned with the February breakout level. - Fast forward to today, and the stock is once again back on this exact same support. - This repeated test reinforces the importance of the zone: - It remains a major reference level in the broader uptrend Buyers have previously stepped in here, confirming it as a structural support The question now is whether this area can attract demand once again or if the market needs further consolidation before resuming higher. From a technical standpoint, as long as this support holds, the medium- to long-term trend remains intact. A sustained rebound from this level would once again confirm the strength of the underlying structure. Source: Bloomberg
*US NOV. NONFARM PAYROLLS RISE 64,000 M/M; EST. +50K
*US payrolls grew by 64K in November, but shrunk by 105K in October. *Average hourly earnings +0.1% MoM vs Est. 0.3% *US NOV. UNEMPLOYMENT RATE 4.6%; EST. 4.5% Source: @SteveRattner
Markets are more dovish than the Fed
Source: Bloomberg
Another 10.00am EST liquidation on Bitcoin dumped $3,200 from $89.8k to $86.6k and liquidated $203 million worth of longs.
All this happened in last 60 minutes with no major negative news. Another example of 10 am manipulation which has been happening over the last few weeks many times when the US market opens. Source: Bull Theory
As rightly said by Eric Balchunas many strategists are calling for rotation out of Mag 7 next year..
But let's be honest they said same thing this year and Mag 7 beat market YTD and crushed it since Liberation Day. Will 2026 be different? Source: Bloomberg
In case you missed it...Tech may finish the year with a lower Forward P/E than it began the year...
Tech bubble? Are you sure? Source: Seth Golden @SethCL Factset
Interesting chart by Guilherme Tavares i3 invest ➡️ when the correlation between BTC and the Nasdaq 100 gets too low (below -0.5), the Nasdaq 100 usually experiences a much deeper drawdown.
It is not necessarily a timing indicator or a “sell everything” signal. But it shows that BTC is more sensitive to liquidity and tends to lead.
The 'AI Revolution' is still only 2 1/2 years old (if you date it to the release of ChatGTP)
We have experienced swings on which models are gaining the most attention as Goldman's Jim Schneider illustrates the chart below... Source: zerohedge
