FlowBank

1249 days ago

Bitcoin is correcting as it hit the upper boundary of its ascending channel

Bitcoin surged on those PayPal news two weeks ago, but has since then been forming some sort of consolidation on recent highs. During the latter part of this last move, it felt like people started to believe Bitcoin was great for risk off as well as risk on markets. This obviously stopped today. There is a big positive trend channel in Bitcoin, going back to March lows. Still very much intact, but note the reversal right in the upper part of the channel. - source: The Market Ear, Refinitiv 

#Stocks
Bitcoin Technicals

1250 days ago

Global stocks have lost $4.1 trillion in market cap last week, most since March and more than the GDP of Germany

Investors shrugged off almost universally positive news from mega-cap Tech stocks and instead appear to be more focused on hedging election risk ahead of next Tuesday (source: Holger Z, Bloomberg).

#Stocks
Global stocks market cap

1250 days ago

The energy sector has declined by almost 60% more than the S&P, which is the worst performance of any sector to date

source :S&P, Fama French

#Stocks
Energy drawdown

1250 days ago

U.S. stock prices have never been so decoupled from earnings

Source: www.zerohedge.com, Bloomberg 

#Stocks
U.S stocks vs. earnings

1250 days ago

Zoom Market Cap is now on par with SAP, Texas Instruments, AstraZeneca, Bank of China or Eli Lilly

Source: Holger Z, Bloomberg

#Stocks
Market cap of selected stocks
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