Supercore PCE MoM exploded, highest since Dec 2021
Source: www.zerohedge.com, Bloomberg
Today's report unveiled the largest positive surprise in US personal income since the surge in consumer prices began in 2021
Source: Tavi Costa, Bloomberg
Interesting chart by TheMacroCompass.com
cryptos and gold are impossible to value but they are in some extent comparables in the role they play as an alternative to the fiat money system. Currently, Gold is 20.5% of the Fiat money in the 5 largest economies. After recent rally, the total cryptocurrencies market cap is just 3.4%. If you think teh gap between gold and cryptos should continue to narrow, there might be further upside. NB: this is NOT an investemnt recommendation
More evidence of a decline in US Inflation...
The PCE Price Index moved down to 2.4% in January, its lowest level since February 2021. Cycle peak was 7% in June 2022. Source: Charlie Bilello
France PPI YOY is the lowest since 2009...
Source: Bloomberg, Alessio Urban
The bitcoin demand-supply squeeze continues...
JUST IN: 🇺🇸 Spot Bitcoin ETFs bought 10,050 BTC yesterday, while miners only produced ~900 BTC I am not sure everybody undertands what's going on and the implications... Source: Bitcoin Archive
🔸JUST IN: Bitcoin is about to close the biggest $$$ gain on a monthly candle in its history
Source: Bitcoin archive
Is Nivdia $NVDA - cheap? Via Bear Traps: "NVDA is now trading at a lower multiple than the NDX: fwd P/E is ~29 vs 32x for the NDX
NVDA is expected to grow earnings at 78% y/y for the current year and the Nasdaq 100 EPS growth is an estimated 17%." Source: TME
