Total Put/Call Ratio dropped to 0.77 on Friday, one of the lowest levels in the last 2 years
Source: Barchart
Bridgewater tells investors it is “moderately bullish” on Chinese stocks as the prolonged rout made valuations attractive, a call made days before the country’s latest stock meltdown
Source: Bloomberg
Tesla looking for support
Tesla (TSLA US) is under a lot of pressure. It broke October low and confirming the bearish trend that started in July 2023. Keep an eye at next support zone 178-184. Source : Bloomberg
EV sales are projected to grow 21% this year to 16.7 million vehicles, with China commanding nearly 60% share in Bloomberg’s outlook
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Bitcoin Halving in Just 80 Days 🤔
Ever wondered where Bitcoin was 80 days before in the previous Halvings ? - In 2016, BTC was -62% below its ATH - In 2020, BTC was -52% below its ATH - In 2024, BTC is currently -42% below its ATH So, even if it seems like Bitcoin's price isn't moving much, it's following a similar pattern to previous cycles. Source: Mags
Givaudan approaching major resistance
Givaudan (GIVN SW) is approaching major resistance 3'536. Last time in December stock wasn't able to break. Keep an eye at this key level. Source : Bloomberg
The key role played by central banks liquidity, as highlighted by Matt King
Many seem surprised by the new record highs in the S&P, given an ambiguous outlook and a backdrop of supposedly tight rates. They are a lot less surprising when you consider that central banks' balance sheet policy has been remarkably easy. Over the past 14 months, the Fed alone has added nearly $500bn, and global central banks over $1.25tn, in liquidity. Source: BofA
THE SUPER ELECTION YEAR: 2024 is seeing national elections in more than 60 countries worldwide
Around 2 billion voters - approximately a quarter of the world's population - are expected to be heading to the polls this year. 2024 has been dubbed a super election year or even the biggest election year in history - aided by closely watched elections in populous countries like United States, Mexico, India and Indonesia, among others, that will be going ahead this year. Source: Statista
