Bitcoin Tops $70,000 For the First Time in History
source : stockmktnews
A "Goldilocks" us job report -> risk assets
Gold and digital gold rally after a soft US Jobs report. February Non-Farm-Payrolls beat estimates with 275k new jobs BUT 2 months revisions look notable with -167k. Unemployment rate rose to 3.9% from 3.7% and hourly earnings weaker than expected w/+0.1% MoM. January’s blow-out release has been relativized. Source: HolgerZ, Bloomberg
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Energy dependence and independence summarized in one chart
Source: JPMAM
US 30 year yield on support zone
US 30 year yield (USGG30YR) has just reached it's demand zone 4.0623 - 4.2000. Keep an eye at this level. Source : Bloomberg
Inflows into bullish Nvidia ETF hit record
Net daily inflows into the GraniteShares 2x Long NVDA Daily ETF NVDL.O hit a record of $197 million, according to LSEG Lipper data. The assets managed by the ETF have grown to $1.41 billion from $213.75 million at the start of the year." source : reuters
P/E expansion explains recent S&P 500 rally
Source: Goldman Sachs, TME
Inflation-adjusted US government spending since 2020 exceeds the combined spending of:
- World War I - World War II - 1970 to 1990 Source: Game of Trades
It's starting to feel a bit more crowded
Source: mayhem4markets
