Companies bought 50,351 bitcoin in Q1 this year, the most amount ever 🤯 🚀
Source: Bitcoin Magazine
🔴America's valuation premium over Europe is historically WIDE:
The S&P 500 trades at a forward price-to-earnings (P/E) ratio of ~21 times, while the Stoxx Europe 600 trades at ~14 times. This brings the valuation gap up to ~7 points, the widest since at least the 2008 Financial Crisis. This comes as the Middle East war exposed Europe's structural vulnerability to energy shocks, turning what looked like attractive valuations into a value trap. At the same time, the US benefited from its relative energy independence and surging tech sector. Source: FT, Factset, Global Markets Investor
President Trump is flexing on his gains on $INTC...
Source: Donald Trump on Truth Social
Bitcoin is trading above the key $80k level, with the “light golden cross” (50/100-day) now in place.
The 200-day MA sits slightly higher, a level that hasn’t seen a close above it since last October. Source: The Market Ear
The NVDA fade
The short-term gap between NVDA and SMH continues to widen, with the month-end dislocation pushing into extreme territory. Source: The Market Fear
Bet on the President, the Fed, or CPI, skip the analysis, guesswork, and bias.
Eric Balchunas explained on X why prediction market ETFs may end up being far more popular—and legitimate—than most people expect. For every major macro event (elections, Fed decisions, inflation data), investors are flooded with expert opinions on which assets will rise or fall. Yet, time and again, the opposite happens. Prediction markets flip the approach. Instead of guessing how markets will react, you simply bet on the outcome itself—yes or no. It strips away interpretation, narrative, and bias. “But why use a prediction market ETF instead of going direct?” People asked the same question about crypto. The reality: most investors prefer ETFs. They’re regulated, low-cost, familiar, and fit seamlessly into brokerage accounts. That’s why this category has real potential—even if it comes with a bit of noise along the way. Source: Eric Balchunas on X Bloomberg Intelligence
At 858 days since ChatGPT's release, the Nasdaq is currently up 129%.
858 days after Netscape's release, the Nasdaq was up 155%. "History doesn’t repeat itself, but it still rhymes. If this chart has any merit we might only be in the middle innings of this buildout." - Bespoke Source: Negligible Capital
Anthropic is releasing 10 new agent templates for financial services
Source: Negligible Capital
