BREAKING: Crypto funds recorded -$1.5 billion in net outflows in the week ending Wednesday, the most since November.
This marks the 2nd consecutive weekly withdrawal and the 5th over the last 7 weeks.
As a result, the 4-week moving average of outflows fell to -$700 million, the 3rd-worst on record.
This also brings total net outflows to -$4.3 billion since early November.
Is the selling in crypto overdone?
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This marks the 2nd consecutive weekly withdrawal and the 5th over the last 7 weeks.
As a result, the 4-week moving average of outflows fell to -$700 million, the 3rd-worst on record.
This also brings total net outflows to -$4.3 billion since early November.
Is the selling in crypto overdone?
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While the Dow ended the week above 50k at an all-time high, the same could not be said for the Software Sector. Its drawdown hit -32% on Thursday, the biggest since the 2022 bear market. $IGV
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JUST IN: $90,000,000 worth of Bitcoin & Ethereum shorts liquidated in the past 30 minutes
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January was likely another tough month for the US job market:
US nonfarm employment fell -13,300 last month, marking the 2nd monthly decline over the last 4 months, according to Revelio.
The firm aggregates data from company career pages, such as LinkedIn and Indeed, and staffing agencies.
The decline was driven by Public Administration and Leisure and Hospitality, shedding -16,400 and -14,400 jobs, respectively.
Retail Trade and Professional and Business Services also posted losses of -12,800 and -10,600 roles.
This was partially offset by Education and Health Services, which added +41,000 jobs.
Excluding this sector, nonfarm employment dropped -54,300.
We expect a weak outcome from the delayed jobs report.
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US nonfarm employment fell -13,300 last month, marking the 2nd monthly decline over the last 4 months, according to Revelio.
The firm aggregates data from company career pages, such as LinkedIn and Indeed, and staffing agencies.
The decline was driven by Public Administration and Leisure and Hospitality, shedding -16,400 and -14,400 jobs, respectively.
Retail Trade and Professional and Business Services also posted losses of -12,800 and -10,600 roles.
This was partially offset by Education and Health Services, which added +41,000 jobs.
Excluding this sector, nonfarm employment dropped -54,300.
We expect a weak outcome from the delayed jobs report.
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No one asks "why did the raccoon eat garbage"?
It's an animal, it's not human
People need to stop asking "why are Indians incapable of morality", for the exact same reason
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It's an animal, it's not human
People need to stop asking "why are Indians incapable of morality", for the exact same reason
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JUST IN: Jim Cramer says Trump purchased Bitcoin for the US strategic reserve during the crash this week.
"I heard at $60k he's gonna fill the Bitcoin Reserve."
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"I heard at $60k he's gonna fill the Bitcoin Reserve."
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Related: Here's a 10-year follow-up of people who continuously took either a GLP-1RA or a DPP-4i.
The headline is that GLP-1RA users got a bit more cancer.
But they also died a lot less!
It's plausible that they got more cancer because they survived longer!
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The headline is that GLP-1RA users got a bit more cancer.
But they also died a lot less!
It's plausible that they got more cancer because they survived longer!
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Investors are rushing into US software stocks:
The Tech-Software ETF, $IGV, posted a combined +$1.5 billion 2-day inflow on Wednesday and Thursday, the 2nd-highest on record.
This is second only to the +$1.7 billion seen in 2024.
As a result, $IGV trading volume spiked to a record 86 million shares in the 3 days ending Thursday.
This nearly DOUBLES the previous peak seen in early 2021 during the meme stock mania.
All while call options volume in the fund surged to a record 252,000 contracts on Thursday, following 220,000 contracts on Wednesday, 5 TIMES above the 2025 high.
Investors are placing massive bets on a software sector recovery.
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The Tech-Software ETF, $IGV, posted a combined +$1.5 billion 2-day inflow on Wednesday and Thursday, the 2nd-highest on record.
This is second only to the +$1.7 billion seen in 2024.
As a result, $IGV trading volume spiked to a record 86 million shares in the 3 days ending Thursday.
This nearly DOUBLES the previous peak seen in early 2021 during the meme stock mania.
All while call options volume in the fund surged to a record 252,000 contracts on Thursday, following 220,000 contracts on Wednesday, 5 TIMES above the 2025 high.
Investors are placing massive bets on a software sector recovery.
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