JUST IN: Bitcoin ETFs have taken in over $2 BILLION of new funds in just the last 4 days.
Yesterday was the biggest day of inflows since launch day, with $631m! 🚀 Source: Bitcoin Archive
The big crocodile jaw...
No need for energy anymore?
Passive funds have overtaken active.
That’s changed a lot because the number of active managers is down a lot, David Einhorn says in MIB podcast: "There’s entire segments now mostly in the smaller part of the market where there’s literally nobody paying any attention...I view the markets as fundamentally broken". Source: HolgerZ, BofA
What's the craziest Bitcoin chart in the world right now?
Answer: $BTC in Egyptian Pound $EGP ... Source: Erik Dale
Nvidia's red-hot rally to start 2024 has pushed many Wall Street analysts to adjust their targets
at least 5 firms hiking price targets on the artificial intelligence-darling this month. This week, UBS lifted its target to $850 from $580, Mizuho raised its target to $825 from $625. Demand for Nvidia’s H100 AI accelerators continues to outstrip supply, Mizuho’s Vijay Rakesh wrote in a client note, calling the stock the best AI play. Source: Bloomberg, HolgerZ
Another look at yesterday's inflation report by MacroAlf.
This chart shows supercore inflation - a measure of sticky inflationary pressures Powell & Co often refer to: - It slowed down vertically towards ~3% until the end of last year - But since then it has now accelerated rapidly to 5.5%! Source: MacroAlf
Since February 2023:
1. Magnificent 7: +77% 2. S&P 500: +20% 3. Russel 2000: +5% 4. S&P 500 Equal Weight: +4% If you remove the Magnificent 7 from the S&P 500, the index is barely up 5% over the last year. Source: The Kobeissi Letter
Ranked: The Largest Stock Markets Over Time, by Country (1970-Today)
Source: Visual Capitalist
