LVMH is now down 46.6% from all-time highs.
That's the company's largest drawdown in more than 15 years. $LVMH Source: Finchat
Post-election years tend to be weak early, then bottom in early April. ✔
Then they tend to rally hard in late April and May. ✔ Is this year really that abnormal? Especially when coming off back-to-back 20% gains? Maybe not Source: Carson, Ryan Detrick
Asia’s $7.5 Trillion Bet on US Assets Is Suddenly Unravelling
Source: Bloomberg
$HIMS spectacular revenue growth
Hims & Hers Health is a company that offers online consultations and treatments for sexual performance, hair regrowth, skin care, weight loss, and mental health. Learn how Hims connects you with licensed providers, delivers innovative products, and provides 24/7 support. Market Cap is $12.3 billion. Source: Investing visuals NB: This is NOT an investment recommendation
Apple $AAPL has now declined for 7 consecutive days, its longest losing streak since March 2024.
Source: Barchart
Global yield curves Steepen
Bloomberg TV Chart
Gold has surged 27% year-to-date.
Most recently, Bitcoin has caught up and is up 18% YTD. What's the message here? Source: Global Markets Investors
The rise in Japanese 30-year yields is getting some attention but one should not forget the sharp move higher across the entire US Treasury curve, which is probably the real elephant in the room.
I tend to agree with Tavi Costa that the US will need at some point to implement yield curve control. We should thus see Fed assets as a percentage of GD starts rising again. Maybe Bitcoin and Gold are starting to price something like this Source: Tavi Costa, Bloomberg
