Bitfinex, the preferred exchange of the most aged & largest Bitcoin holders, margin long positions hit a 2yr high, the highest level of long conviction since late 2023, it indicates increased purchasing power, smart money is indeed front running a major regime shift […]
Interesting. My quantile model also shows Bitcoin has been cheaper than this level only about 4% of the time across its observable history, as measured by this model’s placement along the quantile bands.
We are sitting in a region that has usually been associated with depressed valuation and lower long-run risk...
https://t.co/YVWz2MtlLi
President Trump has sent a landmark U.S.-Saudi nuclear agreement to Congress potentially expanding American nuclear involvement in the kingdom.
The agreement still hinges on Saudi Arabia normalizing relations with Israel.
$OKLO, $CCJ, $UUUU, $SMR, $BWXT, $LEU
BREAKING: US July PCE inflation, the Fed's preferred inflation metric, hits 3.7%, above expectations of 3.6%.
Core PCE inflation was 3.3%, the second highest reading since October 2024.
US inflation continues to run at nearly double the Fed's 2.0% target.
Own assets or be left behind.
US Personal Income (M/M) Jul: 0.4% (est 0.2%; prev 0.2%)
- Personal Spending (M/M): 0.2% (est 0.1%; prev 0.3%)
- Real Personal Spending (M/M): 0.0% (est 0.0%; prev 0.4%)
$TLT #Debt: The fiscal outlook, a Fed considering a rate hike, and hyperscaler issuance crowding out demand for Treasuries all point the same way.
Torsten at Apollo
@TFTC21 The memory & critical minerals bottlenecks were the key strategic highlights of the Trump/Xi summit in May; China restructured rare earth export licensing from a 7 day turnaround to a process that now takes ~45 days, as a soft embargo in 2025
"I think it's going to be important for markets to hear that there is a commitment to ensuring that they're going to fight inflation," says J.P. Morgan Private Bank's Stephen Parker ahead of Jackson Hole. https://t.co/83eYbsHP22
"The VIX is telling us that the market is taking all of this in stride," says Cboe's @TheJJKinahan of recent market moves amid geopolitical tensions & uncertainty around the Fed's rate path. "It's actually incredible." https://t.co/JKQ07gs54f