When do Bitcoin crashes occur?
Not July. Historically one of the least likely to incur a severe loss. But August is bad. Note that June is typically bad in magnitude *and* frequency.
When do Stock Market crashes occur?
Not November. But also not July; average decline in the WORST years is only -2%. But September is bad. August gets a notable mention.
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Not July. Historically one of the least likely to incur a severe loss. But August is bad. Note that June is typically bad in magnitude *and* frequency.
When do Stock Market crashes occur?
Not November. But also not July; average decline in the WORST years is only -2%. But September is bad. August gets a notable mention.
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Bitcoin power law
Current price is $60,328
Current Power Law price is $134,225
Current price is 55.05% below trend
Current price is 841 days behind trend
PowerLaw date for current price: 2024-03-08
PowerLaw $BTC BitcoinChartBot
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Current price is $60,328
Current Power Law price is $134,225
Current price is 55.05% below trend
Current price is 841 days behind trend
PowerLaw date for current price: 2024-03-08
PowerLaw $BTC BitcoinChartBot
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😁2
In the U.S. 0.5% of married men are married to a man. If your only information is married man, you have a 99.5% chance of talking about a man and wife. Why would you write code to assume someone didn’t make a typo?
This is basically the entire lgbtq movement now. Anger that they’re the extreme outlier.
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This is basically the entire lgbtq movement now. Anger that they’re the extreme outlier.
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💯9
TRUMP THREATENS 100% TARIFFS ON BRICS
Trump renewed his warning that BRICS nations could face 100% TARIFFS if they move to undermine the U.S. dollar by creating or backing an alternative reserve currency.
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Trump renewed his warning that BRICS nations could face 100% TARIFFS if they move to undermine the U.S. dollar by creating or backing an alternative reserve currency.
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🙏1
Bitcoin's current low is in the same statistical range of all previous cycle lows in 2012, 2015, 2019, 2020, and 2022
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I’ve been dressing the daughter in spacex onesies.
the wife is unaware but i’m running a multi-year operation to convince her to move to mars
“omg she looks sooo cute” she says, thinking it was a “thoughtful gift”
the psyop is working
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the wife is unaware but i’m running a multi-year operation to convince her to move to mars
“omg she looks sooo cute” she says, thinking it was a “thoughtful gift”
the psyop is working
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🥰6😁6
The market's rally is broadening:
The S&P 500 equal-weight ETF, $RSP, has outperformed the S&P 500 ETF, $SPY, by +5.0 percentage points so far in June, on track for its best monthly outperformance since 2009.
That would also mark $RSP's 2nd-best month relative to $SPY in at least 23 years.
This comes as $RSP is up +1.9% month-to-date while $SPY is down -3.1% over the same period.
This week alone, the equal-weight ETF, $RSP, outperformed the S&P 500 ETF, $SPY, by +3.4 percentage points, the largest weekly outperformance since the 2020 pandemic.
As a result, the 52-week correlation between the S&P 500 and the S&P 500 equal-weighted index is down to 0.90, from 0.97 in 2022, the lowest since 2003.
Mega-cap tech leadership is taking a breather.
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The S&P 500 equal-weight ETF, $RSP, has outperformed the S&P 500 ETF, $SPY, by +5.0 percentage points so far in June, on track for its best monthly outperformance since 2009.
That would also mark $RSP's 2nd-best month relative to $SPY in at least 23 years.
This comes as $RSP is up +1.9% month-to-date while $SPY is down -3.1% over the same period.
This week alone, the equal-weight ETF, $RSP, outperformed the S&P 500 ETF, $SPY, by +3.4 percentage points, the largest weekly outperformance since the 2020 pandemic.
As a result, the 52-week correlation between the S&P 500 and the S&P 500 equal-weighted index is down to 0.90, from 0.97 in 2022, the lowest since 2003.
Mega-cap tech leadership is taking a breather.
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⚡2🤯1
Retail investors appear to be rotating out of gold and Bitcoin into semiconductor stocks:
Since April, US gold and Bitcoin ETFs have posted -$12 billion in cumulative outflows.
Over the same period, US semiconductor ETFs have attracted +$20 billion in cumulative inflows.
This trend accelerated in mid-May, with outflows from gold and Bitcoin funds more than tripling.
At the same time, inflows into semiconductor ETFs have doubled.
Meanwhile, the largest US gold-backed ETF, $GLD, is down -13% since the start of April, while the largest Bitcoin ETF, $IBIT, is down -12%.
Over the same period, the semiconductor ETFs, $SOXX and $SMH, are up +81% and +60%, respectively.
Retail is driving markets like never before.
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Since April, US gold and Bitcoin ETFs have posted -$12 billion in cumulative outflows.
Over the same period, US semiconductor ETFs have attracted +$20 billion in cumulative inflows.
This trend accelerated in mid-May, with outflows from gold and Bitcoin funds more than tripling.
At the same time, inflows into semiconductor ETFs have doubled.
Meanwhile, the largest US gold-backed ETF, $GLD, is down -13% since the start of April, while the largest Bitcoin ETF, $IBIT, is down -12%.
Over the same period, the semiconductor ETFs, $SOXX and $SMH, are up +81% and +60%, respectively.
Retail is driving markets like never before.
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