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NEW: Fold becomes the first Bitcoin only financial services company to go public on the NASDAQ 👏
They already have 1,000 BTC on their balance sheet 🚀 Source: Bitcoin magazine
Dassault Systeme on Major Support Level
Dassault Systeme (DSY FP) has consolidated 33% since its January breakout! It is now testing a major support zone between 32.23 and 34.20. Keep an eye on this critical level over the next few days. Source: Bloomberg
The last time Tech stocks were at these levels relative to the S&P500, Tech stocks crashed, particularly relative to the rest of the market.
Source: J-C Parets
One for the Bulls... As shown below, during this tech pullback, forward 12-months EPS in tech has actually ticked higher.
So you could argue that this is mostly a positioning and sentiment pullback, especially in tech... Source: Bloomberg, RBC
CTAs will dump stocks over the next week in EVERY SINGLE SCENARIO warns Goldman Sachs.
If the market trades lower, CTAs are projected to sell more than $7 billion worth of equities.
The Magnificent 7 dropped by more than $750 Billion yesterday
Source: Evan, Yahoo Finance
Bulls praying to Lord Powell for a rate cut next week
Source; Barchart
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