Hedge Funds are buying U.S. Stocks at the fastest pace this year 🚨
Source: Barchart
The move in bond yields after the 50bp cut is very out of the ordinary.
Source: Andreas Steno Larsen @AndreasSteno on X
Finally some red on the S&P 500 index heat map...
US stocks plummeted yesterday as 10-year treasury yields and us dollar have risen for the last couple of weeks. Gold and Silver dropped sharply as well. Performance today: S&P 500 -0.9% Nasdaq -1.6% Russell 2000 -0.9% Dow Jones -1.0% Bitcoin -1.6% Bank Index +0.3% VIX +6%, front mth futures VIX +5% Gold -1.1% Silver -3.5% WTI Crude Oil -1.0% Source: Global Markets investor
𝗧𝗲𝘀𝗹𝗮 𝗤𝟯 𝟮𝟬𝟮𝟰 𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 $TSLA
EPS: $0.72 vs $0.60 est. (beat) Revenue: $25.18B vs $25.67B est. (miss) Gross margin: 19.6% vs 16.8% est. (beat) Free Cash Flow: $2.74B vs $1.61B est. (beat) Outlook 2024: - Slight growth in vehicle deliveries - Doubling of energy storage Outlook 2025: - New vehicles start production with more affordable models leveraging current and next-gen platforms - Over 50% growth in vehicle production compared to 2023 Shares: +6.6% after hours Source: App Economy Insights, The Future Investors
US ASKS G-7 TO CONSIDER SANCTIONS ON RUSSIAN PALLADIUM, TITANIUM
Palladium will soar if this goes through: Russia makes 40% of the world's palladium
Still no dip to buy...
The S&P 500 is in its longest stretch without a 1% daily move over the past 2.5 years. Quiet markets tend to be strong markets and strong markets tend to be quiet markets. Source: Willie Delwiche, CMT, CFA @WillieDelwiche on X
BREAKING 🚨: Ethereum
$ETH falls to its lowest valuation against Bitcoin $BTC since April 2021 Source: Barchart
Gold and stocks *both* with their best YTD performance in 25yrs this year.
Not really the sort of market action that is aligned with an aggressive easing cycle... h/t @thedailyshot thru Bob Elliott on X
