The spread between tech and Bitcoin is stretched to historic extremes.
Either $BTC reclaims ground, or $NQ has unfinished business on the downside. Source: Trend Spider
”The AI Bubble” in perspective.
What if the doomsayers are right but they have been, and they continue, miss the last +30% of the ”bubble” for their told-you-so moment? This is indeed what already happened most of this year. Source: Emre Akcakmak, Bloomberg, FT
Billionaire investor Peter Thiel fully exited Nvidia $NVD in Q3, selling all ~537k shares that were nearly 40% of his fund, per his latest 13F.
Thiel Macro has cut US equity holdings from about $212m to $74m and is now basically parked in Tesla, Microsoft and Apple. Source: Wall Street Engine
The fact is: we're still in a bull market
Source: J-C Parets
$GOOGL versus $ORACL: what is the message from the market?
Here's a potential explanation by Mac10: "As a proxy for OpenAI stock which is private, we have OpenAI vendor Oracle as proof of the failure of the OpenAI economic model. Oracle is down -35% from the high in clear repudiation of the Ponzi financing model. Meanwhile Google is having its best seven months in company history which shows the superiority of the self-financed model. It's clear that market is saying that Google will "win" the AI arms race, meaning survive this endurance contest". Maybe a bit extreme. But can we say at least that Mr Market has his doubts about the belief there are economies of scale to AI which is why the market is rejecting the OpenAI vendor financing approach and goes "all-in" the self-financing model of Alphabet??? Source: Mac10
When you see the amount of freak-outs we've been seeing on Friday AM lately = tends to end with a higher Monday.
Can it happen again today? If so, that'll be 11 higher Mondays in a row. Source: Ryan Detrick, Carson
Gold stocks broke out of a major consolidation.
Copper miners followed with almost the same pattern. Are energy equities next? Source: Tavi Costa
🔴 Stock Market Crash "Hindenburg Omen" Triggered 🚨
The Hindenburg Omen, an indicator that correctly detected the 1987 and 2008 stock market crashes, has been triggered for the 5th time over the last month 👻😱 ➡️ What is a Hindenburg Open? The Hindenburg Omen is a technical stock-market indicator that attempts to predict increased probability of a market crash. It triggers when several conditions occur at the same time on a stock exchange (usually the NYSE), such as: A high number of new 52-week highs and 52-week lows on the same day A rising 50-day moving average Worsening market breadth Other internal market divergences It’s named after the Hindenburg disaster because it is meant to signal potential “market instability.” Source: Barchart
