Nikola $NKLA officially files for bankruptcy.
From $2,828 to $0. What a ride... Source: Financelot @FinanceLancelot
The United States makes up almost half of the world’s stock market
Source: Visual Capitalist
Most crowded trades according to latest BofA Fund managers survey China Tech is far behind Mag7
Source: BofA Global Fund Manager Survey
An interesting chart by stocktwit 👉 $PLTR insider transactions in 2024:
• Buys: $0 • Sells: $3,104,510,822.09 👀👀👀👀👀 Yesterday after the close, Palantir CEO Alex Karp has announced a new plan to sell $1.2 billion of stock. $PLTR 🔴 was down -12% in after-hours trading
The price of Bitcoin is now as stable as the largest technology company stocks like Tesla and Nvidia.
Source: Documenting Bitcoin
➡️ US Treasuries rose after the minutes from last month’s Federal Reserve meeting revealed policymakers discussed pausing or slowing the balance-sheet runoff ...
... until the government’s debt-ceiling drama is resolved. 👉 Various participants noted it may be appropriate to consider pausing or slowing balance sheet runoff until resolution of debt ceiling dynamics. 👉 Many participants noted after conclusion of balance sheet runoff it would be appropriate to structure asset purchases to move maturity composition closer to outstanding stock of Treasury debt. 👉 Reserves might decline quickly upon resolution of the debt limit and, at the current pace of balance sheet runoff, might potentially reach levels below those viewed by the Committee as appropriate. 👉 Fed survey respondents forecast balance sheet runoff process concluding by mid-2025, slightly later than previously expected. Source: Bloomberg, TalkMarkets
"... a structural regime shift is finally happening within China's equity market..."
Morgan Stanley drops bearish China call. thru David Ingles on X
FOMC Minutes summary...
Source: Bloomberg, Mike Zaccardi
