Featured Story
The last few months have seen the dollar dive and crypto thrive…
Source: Bloomberg
And the last few days have been no different…
Source: Bloomberg
With bitcoin helped overnight by the Koreans (the Kimchi premium tagged zero then soared)…
Joe Lonsdale, Palantir co-founder explained succinctly why crypto is performing so well (and perhaps why the dollar is not so much)…
“Bitcoin is a bet against a centralized financial system run by crazy people… it is a bet that the emperor has no clothes.”
Echoing Kyle Bass’ infamous comments about gold from a decade ago…
“Buying gold is just buying a put against the idiocy of the political cycle. It’s That Simple”
For now, it seems the market has a preference for one over the other (or one is being suppressed, take your pick)…
Source: Bloomberg
Although the last week or two have seen that swing back the other way a little…
Source: Bloomberg
Away from that malarkey, Small Caps outperformed Big-Tech for the 4th straight day as all major US indices but the Dow managed gains today…
At 1530ET, all hell broke loose in stock land with a sudden, massive-volume puke that came out of nowhere…
This was a major sell program…
TSLA (whose earnings are tonight) went just a little bit turbo during that period too (ARKK was up over 3% today)…
DISCA (think Archegos) surged during this broad index puke.
After stopping perfectly at January’s lows, Small Caps have surged higher relative to Mega-Cap DJIA in the last week or two…
Source: Bloomberg
Growth outperformed Value today
Source: Bloomberg
Despite equity gains, Treasuries ended the day practically unchanged…
Source: Bloomberg
10Y Yields remain in a very narrow range…
Source: Bloomberg
Bitcoin wasn’t the only crypto to see a huge rebound. Ether surged from below $2200 to over $2500…
Source: Bloomberg
ETH is hovering near its highs relative to BTC from February…
Source: Bloomberg
After Friday’s clubbing, (and this morning’s smaller slam), gold managed gains on the day…
Oil prices ended lower, despite a wild intraday swing…
Finally, the price of agricultural commodities is literally exploding…
Source: Bloomberg
“Transitory” of course!
And financial conditions have never… ever… been this easy…
Source: Bloomberg
How much longer are you going to enable this Mr.Powell? Perhaps Mr. Lonsdale is right – “crazy people” are running the system.60
Don't Miss
Ichimoku Signal Alert For BancorpSouth Bank (NYSE:BXS) as Cloud Conversion Line Reading Touches (9, 26, 52, 26)}}
Today, the list of capital sins is as follows: pride, greed, lust, envy, gluttony, anger, and sloth. Capital sins derive their name from the Latin caput,…
Bancorpsouth Bank (NYSE:BXS) Stock Rating Lowered by Stephens
The Bible offers quite a few examples of growing wealth through legitimate means. Some are similar to investing—spending money now to make money later. God’s…
Wells Fargo CEO Tim Sloan steps down as bank struggles to get past scandals
The word mammon comes from the Greek word mammonas. Similar root words exist in Hebrew, Latin, Aramaic, Chaldean and Syriac. They all translate to “money, wealth, and material…
JPMorgan’s Role in Nigerian Oil Deal Has Come Back to Haunt It
It’s important to realize that there is a difference between self-interest and selfishness. All people have self-interests which can operate in ways that are not…
Is This a Warning Sign,Bancorpsouth Bank (NYSE:BXS) Downgraded by ValuEngine
Greed is a strong and selfish desire to have more of something, most often money or power. There are many warnings in the Bible about…
