NVIDIA $NVDA
Buys 88.2% 67 Holds 11.8% 9 Sells 0.00% 0 Street's 12M Tgt Px: $175.93 Last Price: $120.15 Source: Lawrence Mc Donald, Bloomberg
US equities now have the highest CAPE ratio globally.
More importantly: The tech sector alone is at a staggering ~60x CAPE. Source: Tavi Costa, Bloomberg
U.S. pending home sales have fallen to a new all-time low
Worse than Covid. Worse than 2008. Source: Bloomberg
Unusual VIX Call Surge at High Strikes
Shortly after 10:15 a.m. ET, there was an explosion of trading activity in far out-of-the-money options tied to the Cboe Volatility Index (commonly known as the VIX), which tracks the 30-day implied volatility of the S&P 500 based on options prices. The volumes were centered in VIX call options that expire in May, for the 55, 65, and 75 strikes. The VIX, also known as Wall Street’s “fear gauge,” has rarely eclipsed these levels.
% Off 52-Week High
Gold: -3% S&P: -5% Apple: -9% Amazon: -14% Microsoft: -16% Google: -19% Nvidia: -22% Bitcoin: -24% Palantir: -33% Coinbase: -41% Tesla: -43% Ethereum: -46% MicroStrategy: -56% Dogecoin: -59% Trump Media: -70% Trump Coin: -83% Fartcoin: -89% Melania Coin: -94%
The End of the Trump Trade?
When Donald Trump won the election on November 5, the so-called "Trump trades" surged—Tesla, crypto, tech, oil, and banks all rallied. But since Trump officially took office on January 20—and especially over the past week—these trades have started to unwind. Source: HolgerZ, Bloomberg
At $80,000, Bitcoin is now down around 27% from its all-time high of $109,000.
Is that a big drawdown for Bitcoin? No... Source: Charlie Bilello
🚨74% of bitcoin losses came from holders who bought in the last month
🚨Newcomers are getting shaken out. Source: Quinten | 048.eth @QuintenFrancois on X, Glassnode
