Yesterday was the second biggest jump in Tesla $TSLA stock on record (+22%)
Only May 9, 2013 was bigger: that's when Tesla reported its first ever quarterly profit. Elon added $26BN to his net worth. Source: Bloomberg, zerohedge
Hedge Funds are buying U.S. Stocks at the fastest pace this year 🚨
Source: Barchart
Finally some red on the S&P 500 index heat map...
US stocks plummeted yesterday as 10-year treasury yields and us dollar have risen for the last couple of weeks. Gold and Silver dropped sharply as well. Performance today: S&P 500 -0.9% Nasdaq -1.6% Russell 2000 -0.9% Dow Jones -1.0% Bitcoin -1.6% Bank Index +0.3% VIX +6%, front mth futures VIX +5% Gold -1.1% Silver -3.5% WTI Crude Oil -1.0% Source: Global Markets investor
Still no dip to buy...
The S&P 500 is in its longest stretch without a 1% daily move over the past 2.5 years. Quiet markets tend to be strong markets and strong markets tend to be quiet markets. Source: Willie Delwiche, CMT, CFA @WillieDelwiche on X
Gold and stocks *both* with their best YTD performance in 25yrs this year.
Not really the sort of market action that is aligned with an aggressive easing cycle... h/t @thedailyshot thru Bob Elliott on X
😱 US EXECUTIVES ARE SELLING STOCKS 😱
The insider sell-to-buy ratio jumped to the highest level since 2021. Source: Global Markets Investor, Bloomberg
Nvidia $NVDA is now more than 36 times larger than Intel $INTC
Intel was 16 times larger than Nvidia a decade ago Source: Y charts, Ervan on X
Europe's most valuable companies
Source: companiesmarketcap.com
