Market speculation is back with a vengeance...
Leveraged equity fund flows are on track for annual net inflows of $21 BILLION. This is almost in line with the 2022 record. Meanwhile, US leveraged equity ETFs currently hold near a RECORD $100BN in assets under management. Source: BofA, Global Markets Investor
Did they give us covid 2.0 ???
Source: Trend Spider
Tesla stock $TSLA, surges over +5% as President Trump says he is not getting rid of his Tesla.
Trump also called Starlink a “good service” and say he wishes Elon well. Global Pulse on X: “Despite rising tensions, the Trump Vs Musk conflict will cool down in the coming days till next election. Both are high-stakes players, and neither wants to risk their empires”. Source image: Not Jerome Powell on X
The Nintendo Switch 2 launch absolutely blew away expectations.
Below the monthly chart of Nintendo stock $NTDOY (7974.T-JP:Tokyo Stock Exchange) Source: Markets & Mayhem
What do these 3 charts have in common? 🚀🚀🚀
Source: Trend Spider
Stocks would plunge 10% and the U.S. Dollar would fall 5% if the foreign tax provision, known as Section 899, passes Congress, warns Allianz SE 🚨🚨
Source: Barchart
If you squint hard enough, you'll notice an outlier in the S&P 500 when it comes to Price/Sales vs YTD Return.
Source: Koyfin
Circle stock ($CRCL) surges 168% in blockbuster NYSE Debut as stablecoin giant goes public.
The stablecoin issuer's shares closed at $83.23, marking the crypto industry's second-largest public listing. The stablecoin giant's first day as a public company saw explosive trading activity, with 47.1 million shares changing hands as the stock swung between a daily high of $103.75 and low of $66.60. The dramatic price action pushed Circle's market capitalization to $16.7 billion by the closing bell, a remarkable turnaround for a company that had priced its IPO below its previous private market valuation. Circle's successful flotation represents the largest crypto-related public listing since Coinbase's 2021 debut and marks a watershed moment for the stablecoin sector. The Boston-based company raised $1.05 billion in an upsized offering that comes three years after a failed attempt to go public through a $9 billion SPAC transaction that collapsed in 2022. Source: www.blocklead.co
