FAT over AI: the match...
while headlines are all about artificial intelligence darling Nvidia, the weight-loss drugs champions Eli Lilly and Novo Nordisk stocks performance has been spectacular as well. Two year chart shows that $LLY is well ahead of "hot" $NVDA...and $NVO is practically "there"... Source: The Market Ear, Refinitiv
The updated FTX asset report that scares the altcoins / crypto community... A $3.4bn selling tsunami?
Source: Crypto Rower
After hitting a 16-year low against the U.S. Dollar, China's currency had its biggest gain in almost 3 weeks after the country issued a warning not to bet against its currency
Source: Barchart, FT
Cryptocurrencies were again under pressure today with bitcoin testing $25k
There are fears that altcoins face significant downside as FTX potentially seeks to dump its $3.4BN digital asset holdings. This is happening as BTC is close to a 'death cross' - 50DMA dropping below 200DMA... Source: Bloomberg, www.zerohege.com
Median US home prices are now contracting at a level only seen 2 times in the last 60 years:
- 1970 - 2008 Both ended in severe recessions Source: FRED, Game of Trades
Priceless Life Advice from Charlie Munger
Source: Investment Books (Dhaval)
ASML back on major support level
ASML Holding (ASML NA) is retesting major support zone 568-580. Keep an eye. Source : Bloomberg
Bitcoin rebounding ?
Bitcoin (XBTUSD) is showing fist signs of a rebound on major support zone 24'650-25'250. Keep an eye the next few days. Source : Bloomberg
