29 May 2024
Hedge Funds dumped stocks at the fastest rate since January and, in particular, sold Industrials at the fastest pace in a decade.
Source: Goldman Sachs thru Barchart
29 May 2024
$NVDL (2x Nvidia ETF) went from 0 to 1,452% return in 350 days since launching..
The ETF now has $2.7b in assets and $1b/day volume. Source: Eric Balchunas, Bloomberg
29 May 2024
Warren Buffett’s Current Portfolio
Source: Barchart
29 May 2024
The Semiconductor Index, $SOX, relative to the S&P 500 has once again exceeded Dot-com bubble levels.
The Semis vs S&P 500 ratio has roughly doubled in just 2 years. This comes after a massive semiconductor sector rally of 85% compared to a 35% gain in the S&P 500. The rally has been led by NVIDIA, $NVDA, which has seen a 560% surge during this time. Meanwhile, the top 10% of stocks in the US now reflect ~75% of the entire market, the most since The Great Depression of 1929-1939. Source: The Kobeissi Letter, Bloomberg
29 May 2024
Satoshi Nakamoto on Lost Bitcoin
Source: Bitcoin Memes
29 May 2024
Be patient
Source: Trung Phan
29 May 2024
Commodities today...
Source: Markets & Mayhem
29 May 2024
Inflows to equities accelerated to +$12.88bn (largest in 2 months) this week.
via BofA
