Keep Working
Source: SeekWiser
Is there a world where we revisit the COVID low trendline support in 2025?
Hard to imagine, but not impossible... 😶 $SPY Source: Trend Spider
Trump officially signed an executive order to create a Strategic $BTC Bitcoin Reserve.
How $BTC's market cap evolved over time👇 Source: Investing visuals @ZeevyInvesting
Oups... Is Porsche a dead man walking?
Source: Alex @alex_avoigt on X
Equity markets are fearful of far more than some marginal tariff tensions.
Macro data this week broadly speaking reinforced the growth scare (red line below) while inflation anxiety is back way up... Source: www.zerohedge.com, Bloomberg
S&P 500 PULLBACK
If the current pullback is going to devolve into a correction, it should happen relatively quickly. Historically, 76% of S&P 500 corrections play out w/i a 60-day window (mid-April). About half are done in <40 days (late-March). Source: 3F Research Group, Warren Pies @WarrenPies on X
The US labour market is on recession alert as job market cools with large discrepancies between establishment survey and household survey.
👉 The establishment survey showed 151,000 new jobs in Feb, LESS than expected. 👉 According to the household survey, 588,000 jobs were cut in Feb, which is why the unemployment rate has risen to 4.1%, although the participation rate has also fallen from 62.6% to 62.4%. Source: HolgerZ, Bloomberg
BREAKING: US February NFP lower than expected!
➡️ Nonfarm Payrolls 151K (est. 160K, prev. 125K) ➡️ Private Nonfarm Payrolls 140K (est. 142K, prev. 81K) ➡️ Unemployment rate 4.1% (est. 4.0%, prev. 4.0%) ➡️ Average hourly earnings YoY 4.0% (est. 4.1%, prev. 3.9%) ➡️ Labor force participation 62.4% (est. 62.6%, prev. 62.6%) Source: Jayanth Ukwaththa on X, US Bureau of Statistics
