Blockchain data shows a record 76% of bitcoin is owned by ‘long-term hodlers’ who have not moved their coins in +155 days
Source: Documenting Bitcoin, Ark Invest, Glassnode
This chart illustrates another factor contributing to the increase in US bond yields:
Concerns about the govt's ability to manage its debt responsibly. The price of insuring against the possibility of the US government defaulting on its obligations (CDS Price) has recently jumped Source: HolgerZ, Bloomberg
Great ICI-inspired chart showing three of the biggest trends in one shot:
active to passive, mutual fund to ETF and high cost to low cost. Active equity MFs have seen outflows every year for a decade equaling $2.3T (altho their aum still ok bc of bull mkt subsidy) via @JSeyff via Eric Balchunas / Bloomberg
The premium to buy a home vs. rent one has soared to 52%, the highest level ever recorded
Even in 2008, the premium to own peaked at 33%. Source: barchart
Perseverance
Source: Strati Georgopoulos
It’s not a disconnect between macro view and S&P 500, it’s simply Mag7 euphoria driving the divergence
S&P 493 is valued more in line with macro expectations. Source: BofA, Michel A.Arouet
Dassault Systemes trying to breakout resistance
Dassault Systemes (DSY FP) trying to break resistance 37.29. Recently false breakdown of October uptrend on probably a liquidity grab. Keep an eye. Source : Bloomberg
10-Year Bond Yields
USA 5.00% Greece 4.36% Source: Bloomberg, Lawrence McDonald
