LVMH Seems to Respect Support Zone
LVMH (MC FP) hasn't moved much on earnings today. The stock is still within the support zone of 647-695. This isn't a major swing support, so be careful. A rebound can happen, but the market may still test the last major swing support between 535-573. Source : Bloomberg
$SPY The bull's first line of defense holds strong. 💪
Source: Trend Spider
A "palace coup"?
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Will the Presidential race be a tighter one than currently predicted?
Watch out
Forward P/E Ratios of Key Global Stock Markets - Clad Bastion research on X
India: 24 Denmark: 23 United States: 21 Taiwan: 18 Switzerland: 17 Netherlands: 17 Australia: 17 Saudi Arabia: 16 Sweden: 16 Japan: 15 Canada: 14 France: 14 Germany: 12 Mexico: 12 United Kingdom: 12 Spain: 11 South Korea: 10 Hong Kong: 10 South Africa: 9 Italy: 9 Brazil: 7 China: 6 Turkey: 5
ETF YTD net flows ranking... iShares Bitcoin spot ETF $IBIT has passed Invesco Nasdaq 100 $QQQ into YTD net flows.
And could pass Vanguard's Total Stock Market ETF very soon too. Compare the net sizes of these ETF's vs. net inflows. Demand for Bitcoin via ETF has been relentless. Unprecedented really. Source: SpencerHakimian, Bloomberg
Ethereum spot ETF to start trading today (TUESDAY)
The United States Securities and Exchange Commission (SEC) has given final approvals to spot Ethereum ETFs, clearing the way for the funds to begin trading as soon as Tuesday, July 23. Such funds received initial approval in May in a surprise regulatory shift by the SEC, and have spent recent weeks sending in updated and finalized forms. Now, 424(b) approvals are coming in and spot Ethereum ETFs have been made effective by the SEC, which means they can begin trading. July 23 emerged as the likely target for the trading start early last week, as sources connected to fund providers told Decrypt that they were told to expect approvals ahead of that date, barring unexpected delays. "It’s official: Spot ETH ETFs have been made effective by the SEC," tweeted Bloomberg Senior ETF Analyst Eric Balchunas on Monday afternoon. "The 424(b) forms are rolling in now, the last step = all systems go for tomorrow’s 930am launch. Game on." Source: Decrypt
Tech’s outperformance has been highly correlated to its earnings vs. S&P 500 since the Tech Bubble
Source: BofA, Mike Z.
