Our Global M2 proxy continues to point to supportive liquidity dynamics for risk assets in the weeks ahead, even if the charts suggest a potential pause in the upward trend for the short-run.
➡️ Liquidity continues to be injected, not only in the US (with M2 reaching a new all-time high in May), but also in Europe and China, and the USD weakness is supportive of global liquidity conditions. ➡️ The link between our Global M2 proxy and the Bitcoin, but also the S&P500 and the MSCI World, continues to hold quite well! This is NOT an investment recommendation. Many factors influence the price of assets. Do your own research. Source: Adrien Pichoud
Buy $AAPL Apple stock off the 200-week SMA proved to be a winning strategy in the past.
NB: This is NOT an investment recommendation. Do your own research Source: TrendSpider
BofA private clients: 64% stocks, highest since March 2022
10.7% cash, lowest since October 2021 (Hartnett) Source: Mike Zaccardi, CFA, CMT, MBA
Investors are now buying stocks on margin at levels never seen before in history
Source: Barchart
A staggering $7.4 Trillion is now sitting in Money Market Funds, a new all-time high 🚨🚨
Source: Barchart
Amazing to see that Trump Tariffs 2.0 has caught up with Trump Tariffs 1.0 performance...
(This is the S&P 500 performance during the 2 Trump mandates) Source: Zerohedge
The 9th of July was supposed to be a tricky day (expiration of the 90-day pause on global reciprocal tariffs).
Well, we saw record closing prices today for both $QQQ and $IBIT. Source: Bloomberg, Eric Balchunas
$4 trillion dollar baby !!!
Nvidia $NVDA shares jumped more than 2% on Wednesday and topped a $4 trillion market cap for the first time ever. The chipmaker is the first company to achieve this milestone and has benefitted from the generative AI boom.
