EU Parliamentary elections in France.
In brown where Far-right Le Pen party has won yesterday. Source: Xavier Ruiz
Notes from Bill Ackman 's fireside chat in Omaha - thru David Park on X:
People Underestimate the Power of Checklists - Pershing Square had the best 6 years of its history since they inscribed their checklist into a piece of "stone" - "If I ever veer [off this checklist] just hit me over the head with this thing" The checklist:
Euro sinks on EU vote and French snap poll.
Common currency falls to lowest in a month. Hedge funds had recently turned net bullish on the Euro. Source: Bloomberg, HolgerZ
France’s bond yield hit the highest level this year on snap election.
10 year French bond yield climbs 11bps to 3.21%. Risk spread over Germany rose to 54bps, highest since January. Source: Bloomberg, HolgerZ
Vinci Testing Back Triangle Breakout Level
Vinci (DG FP) recently posted a new high, confirming once again the bullish trend. It's now retesting the lows of the latest swing. The 98.49 level remains the swing low that mustn't break. Keep an eye on the institutional demand zone between 98.49-103.28. Source: Bloomberg
Robinhood $HOOD has acquired cryptocurrency exchange Bitstamp for $200 million
Source: Barchart
Dot Com Bubble vs. Now - Things don't look similar - at least from an earnings angle
Source: Barchart, BofA
The great supply / demand imbalance ->
ETFs now hold more than 1 millon bitcoin and there is less than 20 million left...
