Bitcoin is brewing
BTC has been trapped in a multi-month range, but is now testing a key inflection: the major downtrend line and the 100-day moving average. A decisive break above ~$75k opens the door for a squeeze, with little resistance until the 200-day near ~$87k. Source: TME
Anthropic is receiving investment offers at an $800B valuation according to Business Insider.
This means Anthropic and OpenAI might be at near equal valuations now. Crazy how fast Anthropic has scaled enterprise versus OpenAI. $SKM should fly on this. $800B is over 2x where they last raised, which was at a $380B valuation. Source: Bloomberg, Negligible Capital
Inverse Panic !
S&P500 $SPX is not far from range highs post the epic squeeze. SPX futures are nearing the 7k level, with range highs just above. Downside panic has flipped into upside chasing, while vols have reset to pre-war levels. Chart 2 (SPX vs. VIX, inverted) shows the gap has narrowed materially from peak panic. Source: TME
Trump's 7 steps maximum pressure
Source: Marko Papic
Rearmament has increased globally.
It is not going to decelerate any time soon... Source: The Daily Shot
The Strait of Hormuz is blockaded. Europe's plan?
Ursula von der Leyen: "The cheapest energy is the one you don't use." Stay home, don't drive, don't use electricity. Source: Wall Street Mav
Have you heard about the Guns N' Roses trade?
Source: BofA
Oil and US dollar strength move in tandem, which could mitigate inflationary pressures on import prices for America.
US oil exports to hit record as Iran war triggers race for supplies. Source: Daniel Lacalle on X, Bloomberg
