BREAKING: Nvidia, $NVDA, officially hits a record market cap of $1.5 trillion and is now up 27% in 2024
Over the last 3 weeks, Nvidia has added $320 billion in market cap. Since the October 2023 low, Nvidia's market cap is up nearly $600 billion. The stock is also just 6% away from surpassing Amazon as the 5th largest public company in the world. Just 2 years ago, Nvidia had a market cap of $300 billion. Source: The Kobeissi Letter
German manufacturing had been in crisis well before Russia invaded Ukraine
Putin's invasion only made this structural decline worse. Europe has an easy offset to this: a weaker currency. Euro needs to fall well below parity to offset the crisis in European manufacturing... Source: Robin Brooks
Total Put/Call Ratio dropped to 0.77 on Friday, one of the lowest levels in the last 2 years
Source: Barchart
Bridgewater tells investors it is “moderately bullish” on Chinese stocks as the prolonged rout made valuations attractive, a call made days before the country’s latest stock meltdown
Source: Bloomberg
Tesla looking for support
Tesla (TSLA US) is under a lot of pressure. It broke October low and confirming the bearish trend that started in July 2023. Keep an eye at next support zone 178-184. Source : Bloomberg
EV sales are projected to grow 21% this year to 16.7 million vehicles, with China commanding nearly 60% share in Bloomberg’s outlook
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Bitcoin Halving in Just 80 Days 🤔
Ever wondered where Bitcoin was 80 days before in the previous Halvings ? - In 2016, BTC was -62% below its ATH - In 2020, BTC was -52% below its ATH - In 2024, BTC is currently -42% below its ATH So, even if it seems like Bitcoin's price isn't moving much, it's following a similar pattern to previous cycles. Source: Mags
Givaudan approaching major resistance
Givaudan (GIVN SW) is approaching major resistance 3'536. Last time in December stock wasn't able to break. Keep an eye at this key level. Source : Bloomberg
