% Off 52-Week High
Gold: -3% S&P: -5% Apple: -9% Amazon: -14% Microsoft: -16% Google: -19% Nvidia: -22% Bitcoin: -24% Palantir: -33% Coinbase: -41% Tesla: -43% Ethereum: -46% MicroStrategy: -56% Dogecoin: -59% Trump Media: -70% Trump Coin: -83% Fartcoin: -89% Melania Coin: -94%
The End of the Trump Trade?
When Donald Trump won the election on November 5, the so-called "Trump trades" surged—Tesla, crypto, tech, oil, and banks all rallied. But since Trump officially took office on January 20—and especially over the past week—these trades have started to unwind. Source: HolgerZ, Bloomberg
🚨Cash is TRASH, according to US equity funds:
Cash allocation of US equity funds has declined to just ~1.5%, the lowest on RECORD. The Fear of Missing Out (FOMO) has never been greater. This creates downside risk Source: Global Markets Investor, Goldman Sachs
Asset Managers Churn Out Defense Funds Once Deemed Uninvestable
Bloomberg
The S&P 500 has lagged behind Chinese, Mexican and European stocks since Trump's inauguration 👀
Source: Bloomberg
Great post from Callum Thomas on X "Lessons from the past..."
While the internet would go on to become ubiquitous and a source of tremendous wealth and innovation -- at the height of the dot com bubble it was pure Hype at that stage... certainly relative to the valuations prevailing at that time. Note however that Mag 7 P/Es and fundamentals are quite different from the dot-com bubble. And that during the current AI bubble, we haven't seen the kind of IPO frenzy which prevailed at the time of the dot.com bubble. So maybe this bubble has more room to go...
Warren Buffett has been a net seller of stocks for 9 consecutive quarters now…
(h/t @zerohedge)
Call options volume on the volatility index, VIX, jumped above 1 million contracts on Tuesday for the 6th time this year.
Source : bloomberg
