The largest insider transaction on today's Hot List is a Form 4 filing by the co-founder and director of Coinbase Global $COIN, Fred Ehrsam, who reported an additional $25 million purchase of his own stock.
That’s because those former highs marked significant peaks for both the stock market and certain procyclical commodities and currencies during the last cycle.
As far as the bond market is concerned, 2018 was also when yields peaked. Benchmark rates in the US are testing these old highs.
As such, it’s not the 2018 highs but the 2018 lows that we’re paying attention to when analyzing the prices of Treasuries.
A handful of bonds and bond funds are trying to find a bottom at these key former lows right now.
I heard that from someone earlier this week. I also read it somewhere else earlier today.
I know what they mean, but the comment left me shaking my head anyway.
Many are reluctant to call a bear a bear until the pullback exceeds 20%. I wrote about the shortcomings with this approach a few weeks ago. But old habits die hard. For now, with the S&P 500 down “only” 18% from its January peak, this current period is still being labeled a correction.
The Outperformers is our newest scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for major moves.
The goal is that as the market rally progresses, the sector rotation within the market will reflect in this scan. So while our Top/Down Analysis helps us with the broader view of the market, this Bottom/Up scan makes sure that we catch the slightest change in sentiment.
Following the collapse of Luna's stablecoin, TerraUSD $UST, it's called into question the validity of its counterparts.
Tether $USDT and USD Coin $USDC have experienced notable volatility since this event.
We recommend you read Glassnode's latest report 'Unstable Coins' -- it's a great primer on what's happening.
But when it comes to down to the question "is Tether safe?", the consensus can get awfully confusing. Tether FUD has always been present, but it particularly ramped up in response to an anonymous post published on Medium, "The Bit Short: Inside Crypto’s Doomsday Machine".In fact, this piece was so significant that Bitcoin sold off over 10% in day following its release.
The largest insider transaction on today’s list is a Form 4 filing by the media holding company National Amusements, which reported a $20 million purchase of Paramount Global $PARA.
National Amusements now owns over 32 million shares of PARA, which represents an ownership stake of about 5%.
When investing in the stock market, we always want to approach it as a market of stocks.
Regardless of the environment, there are always stocks showing leadership and trending higher.
We may have to look harder to identify them depending on current market conditions… but there are always stocks that are going up.
The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too.
We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club. We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics.
Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports. Now, we're also highlighting lagging stocks on a recurring basis.
The level of transparency in Bitcoin and crypto as an asset class allow us to gain deep and actionable insights that aren't possible in traditional markets.
As we begin incorporating more of this high-level, sophisticated data as a supplement to our technical analysis, it often allows us to express greater conviction when the setups emerge.
In what's become common in our weekly letters we publish on Monday, a good portion of our crypto macro thesis is being driven by the signals we're seeing on-chain.
Whether we're whale watching, analyzing HODLers, looking at coin maturation, studying spending habits, measuring profitability, or using a wide number of other metrics, we're learning a ton of valuable information we'd kill for in traditional markets.
As any good technician, when it comes to equities, we take a lot of data sets with a grain of salt. Often, the CEO, management, or the auditors themselves are lying or simply overlooking important details.
