The US dollar is on track for its worst performance in three decades
Resource stocks, emerging and other developed markets, and foreign currencies are beginning to perform well. Source: Crescat Capital, Bloomberg
Systematic US equity exposure remains low, according to data from Goldman Sachs, i,.e they will be forced buyers if the rally continues 🚀
Source: Markets & Mayhem @Mayhem4Markets on X, Goldman Sachs
Novo Nordisk First Positive Sign in Bear Market
For the first time since June 2024, Novo Nordisk saw a positive close yesterday! While the long-term bearish trend hasn’t reversed yet, we’re seeing positive developments on the daily chart. The weekly chart remains bearish. The end of April rebound from the support zone between 365-380 is encouraging, but we’ll need more price action to confirm these first steps. Source: Bloomberg
Autonomous vehicle is a reality
Self-driving taxi company Waymo is now doing over 700,000 rides per month in California, up from fewer than 100,000 a year ago. Source: Charlie Bilello
Here we go...
Silver blasting by more than 5% for its best day in more than 1 year 📈📈 Source: Barchart
An intentional leak to give markets further hope?
Source: Adam Taggart @menlobear on X
Is it time for silver to shine?
If history is any guide: Gold makes the first move — then silver takes over. With the gold-to-silver ratio near 100, is yesterday's sharp move on Silver (up +5%) just the beginning? Source. Bloomberg, Crescat Capital
The Atlanta Fed was forced to adjust its entire tracker to exclude gold imports which were skewing GDP by 1.5%.
How long until the Atlanta Fed also excludes soaring physical gold EXPORTS TO Switzerland to reduce the surge in Q2 GDP??? Source: zerohedge
