Asia’s $7.5 Trillion Bet on US Assets Is Suddenly Unravelling
Source: Bloomberg
$HIMS spectacular revenue growth
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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
‼️Market concentration BUBBLE has risen once again:
The top 10 stocks' market cap share in the S&P 500 is now 37%. This is 10 percentage points above the highest point recorded during the Dot-Com Bubble. By comparison, their earnings share is 30% Source: Global Markets Investor, Goldman Sachs
Absolute explosion for D-Wave Quantum $QBTS this month.
Multiple God Candles and a New All-Time High 📈📈 Source: Barchart
