The S&P 500 is almost back to where it was on Liberation Day
Source: Barchart
Gold prices have OUTPERFORMED the S&P 500 by 33% so far this year, the most since at least 50 YEARS.
Since the start of 2023, gold has rallied 82% while the S&P 500 44%, despite 2023 and 2024 being the best years for stocks since the Dot-Com BUBBLE. Source: Global Markets Investor
On Wednesday morning, Bitcoin flipped Google in market cap.
Yet compared to global assets, it’s barely a blip: 🏠Real Estate: $635T 📉Debt: $141T 📊Equity: $125T 🥇Gold: $23T ₿ Bitcoin: $2T Source: Priced in ₿itcoin ∞/21M @PricedinBTC on X
The BofA Fund manager survey can be used as a great contrarian indicator.
Even BofA's Hartnett is mocking how contrarian his Fund Manager Survey has become... Source: zerohedge
The breaking of this relationship is a measure of stress in markets ...
It continues to widen, i.e higher rates are not supporting the dollar right now. Does it mean they might have to go a lot higher to stop the dollar from falling??? Source: Bianco Research
This chart shows how much uncertainty driven by Trump affects all major asset classes — including stocks, bonds, currencies and oil
Stock market volatility is still leading the way, but what's more concerning is that volatility is rising across the board. All the major volatility indices are climbing at the same time, which reflects the growing global uncertainty caused by US trade policy coming out of DC. (via SRP) Source: HolgerZ
We're back to having 0 companies with a $3+ Trillion market cap
Source: Evan
Tech smash
Source: Sven Henrich @NorthmanTrader
