There seems to be no stopping Nvidia's scorching rally.
The day after surpassing the market value of Amazon, the chip giant has now overtaken Alphabet as well. Nvidia's stock has climbed ~49% YTD and added some $602bn in value, BBG has calculated. source : holgerz
Video Spaces with Screen Sharing' coming soon on X
X is becoming the everything app source : dogedesigner, wallstreet silver
Fasten your seat belt?
Strange similarities between today's environment and the period leading up to the Great Depression. source : crescat capital
The US equity market is rivalling 2000 and 1929 in terms of being its most concentrated in history, DB has calculated.
The top 5 stocks Microsoft, Apple, Nvidia, Alphabet & Amazon account for 25% of mkt cap of the S&P 500. source : holgerz
Treasury proposes rule to extend anti-money laundering regs to investment advisers
The Treasury Department’s corruption watchdog issued new proposed regulations that would extend major pieces of the anti-money laundering (AML) rules that apply to banks to some investment advisers. The new rules, from the Treasury’s Financial Crimes Enforcement Network, or FinCEN, would require covered investment advisers to file Suspicious Activity Reports, SARs, to FinCEN, and to disclose additional information about their clients under specific circumstances. The new rules would apply to investment advisers who are registered with or report to the Securities Exchange Commission, leaving out what FinCEN estimates to be at least 17,000 state-registered investment advisers. source : cnbc
The last time bitcoin was at $50k google search trends was above 90.
Today Bitcoin is RIPPING through $52k & google search trends are BELOW 20. Retail is still sleeping - which is rather a good sign from a contrarian point of view Source: Luke Mikic
Has a default cycle started?
Source: Game of Trades, Apollo
S&P 500 $SPX is now entering the worst 2-week period of the year based on data going back almost 100 years.
Source: Bloomberg
