Data center energy demand is expected to continue to grow at a brisk pace due to increased usage of AI 🤖
We'll continue to need as much energy as we can get from almost anywhere we can get it... Source: Bloomberg, Markets & Mayhem
In case you missed it: Japan’s Jan CPI overshoots expectations, w/headline coming in at +2.2% (vs. +1.9% expected and vs. +2.6% in Dec) while core rises 3.5% (vs. Street +3.3% and vs. +3.7% in Dec).
While these numbers pèrove that inflation remains sticky, inflation continues to come down and hit a 22-month low! Source: Bloomberg
Remember when Apple was the most important company in the world?
That was like just a few months ago. Source: J-C Parets
Buybacks win again! New all-time highs for the Buyback Achievers ETF
$PKW as it resolves higher from a multi-year base. Source: Alfondo de Pablos, J-C Parets
Satoshi Nakamoto is now the 26th wealthiest person in the world and we still don't who he/she/they is/are...
It'll be interesting if the wealthiest person in the world is unknown. At about $212k per Bitcoin, It happens...
BREAKING: Bitcoin is now trading above $56,000 for the first time since November 2021.
Bitcoin is up over 250% from its 2022 low, adding $700 billion in value in less than 2 years. The total market cap of the crypto market is now at $2.25 trillion, more than double its recent low. In the first 2 months of 2024, Bitcoin has logged a near 30% gain. Just a few weeks ago, Bitcoin ETF approvals were called a "sell the news event." Are new all time highs ahead for Bitcoin? Source: The Kobeissi Letter
The 9 new Bitcoin ETFs traded a record $2.4b on Monday, with BlackRock's trading $1.3m.
This is the highest volume day since the $BTC ETFs launched. Source: Bloomberg, Eric Balchunas, Bitcoin Archive
Google testing for a second time strong support
Google is still consolidating since January highs. It's approaching strong swing support level 135-137. Keep an eye on it. Source : Bloomberg
