“Insiders at just 151 S&P 500 companies bought their own stocks last month, the fewest since at least 2018, according to data compiled by the Washington Service.”
Source: Kevin Gordon on X, Bloomberg
The "buy the dip" mentality is intact.
$ARKK Cathie Wood's ARK Innovation fund $ARKK saw its largest ever single day of inflows on Friday. Source: Koyfin
THIS IS WHY YOU NEVER FOLLOW WALL STREET PRICE TARGETS BLINDLY
Source: Gurgavin, Yahoo Finance
Bitcoin $BTC price will go up if there are more buyers, says Citi - couldn't agree more...
"A bitcoin is worth what the next person will pay for it," the FT journalist, Bryce Elder, writes. "The same can be said of a lot of assets." Spot on! This is correct and accurate reporting indeed. And that's how investors need to think about markets, whether it's Bitcoin (BTC), shares of Apple (AAPL), or the direction of Gold.
The power of 1%
Source: Reads with Ravi @readswithravi
More than 80% of fixedincome assets yield above 4%.. income is back.
Source: BlackRock thru Mike Zaccardi, CFA, CMT, MBA
'Buy the Dip' mentality remains strong.
So far this year, the cumulative gain by buying a down day in the S&P 500 and holding it only for the next session is +18% ... tied for the fourth-highest since 1948 Source: Kevin Gordon @KevRGordon
Cathie Wood and Ark Invest bought 4,421,034 shares of Tom Lee's new Ethereum Treasury Company $BMNR
Source: Evan
