25 Oct 2023
CTAs are running equity shorts, global as well as US
Source: TME, GS
25 Oct 2023
We have not seen NASDAQ move lower with $BTC exploding to the upside in a long time
Source: TME, Refinitiv
25 Oct 2023
It’s not a disconnect between macro view and S&P 500, it’s simply Mag7 euphoria driving the divergence
S&P 493 is valued more in line with macro expectations. Source: BofA, Michel A.Arouet
24 Oct 2023
Tweet by Lyn Alden -> "Egypt is currently dealing with a sovereign debt crisis. Multiple ratings downgrades, currency devaluation, working with the IMF, etc.
So, people buy stocks. The stocks are not doing well in dollar terms, but they're doing fine nominally.
24 Oct 2023
Bitcoin hit $34k on short squeeze
BTC
24 Oct 2023
Shares of US firms that miss profit estimates are falling by the most in four years:
Bloomberg Intelligence
24 Oct 2023
Magnificent Seven? How about Magnificent Mondays?
While the S&P 500 is up over 10% YTD, without Mondays it would be fractionally lower. Source: Bespoke
24 Oct 2023
The SP500 has now lost $3.5 trillion in value since the Fed removed a recession from their forecast
The Fed marked the exact high in July 2023 with their "no recession" call. Since then, the S&P 500 is down 9% and just hit its lowest level since May 31st. We are also 1% away from entering correction territory just as earnings season begins. Source: The Kobeissi Letter
