MARKET UPDATE
Global fixed income and equity markets rallied yesterday on UK intervention
Cracks in housing
Source: @M_McDonough
Source: RSM
Big jobs numbers
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Initial jobless claims 193k vs 215k expected
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Labor market remains strong, no signs of real weakness
Crude $82
Source: LPL Reserach
Nord Stream update
Apple AAPL
Retail capitulation?
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Retail sold net $2.9 billion past week
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Second largest outflows since March 2020
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Bulk of outflows from single stocks
Source: JPMorgan Retail Radar
Earnings
He has 1.8MM subscribers on YouTube and…
👉 his own place
👉 a good job
👉 doesn’t talk to ex
👉 a well-diversified portfolio of high-quality companies and not unprofitable tech stocks!
Watch my conversation with Meet Kevin on yesterday’s Bullpen!
CRYPTO UPDATE
Bitcoin has been outperforming over the past week
Source: Daily Shot
Potential regulations catalysts
“a massive opportunity for institutional inflows that will only occur if there’s a regulatory structure.”
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Behnam supports legislation that would make CFTC overseer of crypto industry
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If traded in CFTC-regulated market, said Bitcoin could “double in price”
MEME OF THE DAY
Image and article originally from www.benzinga.com. Read the original article here.