Quantitative tightening (QT) may have taken a backseat in recent months, but is still very much in vogue
Source: BofA, TME
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
In case you missed it...
Citigroup $C closed at its lowest price in more than 3.5 years Source: Barchart
Invest In Assets | Stock Market Investing 📈
"I know many traders, non of them are rich, most of them are stressed out of their minds. I know many long-term investors, many of them are rich, most of them live a peaceful life". Source: Invest in Assets
LVMH vs Novo Nordisk gap is getting extreme. Is there cross asset logic here, or is it just hot money switching from one ex hot asset to another "must have" asset?
Source: TME, Refinitiv
Moderna's stock is now down 81% from its peak and below the price it was trading at when the FDA issued an EUA for its Covid-19 vaccine back in December 2020
$MRNA Source: Charlie Bilello
Here's an index that represents the median stock closing last week at the lowest levels in a year
Source: J-C Parets
Standard Chartered is ramping up its bullish Bitcoin prediction
Targeting as much as $120,000 by the end of 2024 — almost quadruple the current price — as increasingly cash-rich miners reduce sales of the token. “Increased miner profitability per BTC mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher,” Geoff Kendrick at Standard Chartered wrote Monday.
