New York Community Bank $NYCB crashed 20% in after hours trading citing "material weakness in internal controls."
The weakness is reportedly related to loan review resulting from ineffective oversight and risk assessment. NYCB is the same bank that acquired the collapse Signature Bank during the regional bank crisis. This comes just weeks after the bank posted an unexpected $260 million loss in Q4 2023. The stock is now at its lowest level since 1997. Source: The Kobeissi Letter
Since inception, Bitcoin ETFs have seen +$7.4BN flows while Gold ETFs have seen $2.9BN outflows...
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Ranked: The Largest stock markets over time, by Country (1970-Today) 📈
Source; Visual Capitalist
Here's the periodic table of asset classes👇
The darker the color - the higher the risk 🚨 The more on the right the asset is - the less liquid it is Source: Linas Beliunas h/t John Kador & Kathleen Kowal
🔸JUST IN: Bitcoin is about to close the biggest $$$ gain on a monthly candle in its history
Source: Bitcoin archive
The World’s Biggest Fashion Companies by Market Cap 👔
Source: Visual Capitalist
Did you see that Crypto Markets are now worth over $2 Trillion again?
These were the magazine covers as Crypto was bottoming in November and December of 2022. Keep in mind, this asset class was down towards just $730 Billion TOTAL in the fall of 2022. Source: Allcharts, J-C Parets
Four companies have accounted for over 90% of the market cap gains in the Nasdaq 100 this year.
Source: Bloomberg, Tavi Costa
