For the first time in years, crypto markets are beginning to see tons of new liquidity
Since November 2022, crypto markets have added $600 billion in value. That's a +75% jump in one year while Bitcoin is up +120% over the last year. This comes after years of consistent outflows from crypto markets. Source: The Kobeissi Letter
This has happened ONLY 2 times in the last 75 years. In the US, savings as a % of income is now contracting, indicating that people are find it VERY hard to save
The last 2 contractions happened in: - 2008 - 2020 High interest rate + high debt is a MAJOR problem for people Source: Game of Trades
Microsoft $MSFT has joined Apple $AAPL as the 2nd individual company that has a bigger market cap than the combined market cap of all stocks in the small-cap Russell 2,000:
Source: Bespoke
Moody’s cuts U.S. credit outlook from stable to negative. Will markets just shrug it off on Monday?
Source: Trend Spider
Taiwan Semiconductor 2nd attempt
Taiwan Semiconductor (TSM US) is trying to breakout June downtrend resistance for the second time. This time volume is very strong. Source : Bloomberg
Diageo looking for support
Diageo (DGE LN) down 15% today, under a lot of pressure. Next support level is the 2009 uptrend support around 2660. There is also another support at 2500. Source : Bloomberg
Walt Disney breaking out ?
Walt Disney (DIS US) has consolidated 60% since March 2021 ! Has tested the last two months the 79 support represented by March 2020 low. Now the stock is showing signs of breakout August 2022 downtrend. Keep an eye. Source : Bloomberg
The growth rate of capital being poured into retail money market funds (MMFs) is at its highest level in several decades
Retail MMFs recently surpassed $1.6 trillion; a record high. Source: Koyfin @KoyfinCharts
