While negatives revolve around the general Bifurcation of the market, Overbought conditions (Lesser concern), Breadth deterioration, 80-day cycle showing weakness into July expiration, & general sector weakness OUTSIDE of Technology, it WAS important for RSP and DJIA to push back to new highs today while broader momentum remains quite strong at a time when Retail sentiment remains Skittish on rising inflation, Warsh transition, lack of complete Re-opening of the Strait just yet, and a reticence of many PM's to reach for stocks within Memory and Semis..
I see a good likelihood of ROTATION, ROTATION, ROTATION as HC, Fins come back to life. YES that can mean Value can outperform Growth potentially into the Mid-terms. Tech investors take note- it won't prove easy with Technology weekly RSI having reached the high 80s. Overall, structure and momentum mean MORE than breadth, O/B conditions, Fed or geopolitical worries.. Visit https://t.co/v0f4RMEBdV to see my daily reports and videos.. i did a 1 HOUR webinar today discussing all the best risk/rewards in this market that only has a FEW areas of Froth and bullish positioning, but yet broadly ISN"T that enthusiastic.. hmm
BREAKING: The SEC is set to release its so-called "innovation exemption" for tokenized stocks which will pave the path for trading digital versions of securities, per Bloomberg.
Details include:
1. In a "surprise move," the SEC is leaning toward allowing the trading of tokenized assets
2. These tokenized assets would be tradeable on decentralized crypto platforms
3. The move could "reshape the landscape of the American stock market"
4. This would also be one of the US' biggest shifts into crypto infrastructure yet
Tokenized assets are rapidly expanding.
$BMNR loading that stack to 100% soon.
Will be earning ~ $400 m when fully staked at current ETH prices.
Staking rewards:
$ETH @ $3k: ~ $500 m
$ETH @ $12K: ~ $2.0 - $2.5B
@fundstrat 👉 Keep stacking and staking.
🚨GOOD HORMUZ NEWS🚨
So, finally some good news.
One of the US-flagged 🇺🇸 ships in the Persian Gulf was able to get into a port.
While in port, they loaded food, fuel, and water, while conducting a crew change.
This is good news, but this one ship.
President Trump Likes Big Boats! | Did Iran Release 8 or 10 Tankers? | 1% Is Unacceptable!
▶️Did Iran Allow 8 or 10 Tankers to Pass Through the Strait?
▶️What's Going on With the Houthis?
▶️Russia's Dark Fleet under attack
Video: https://t.co/IiiKOSfRFJ
The world will lose 800MM-900MM Bbls of production this year. Run cuts / demand destruction will only partially offset that, and those are barrels that are gone forever, resetting the baseline for the oil price. Views that oil heads back to $60 when conflict ends are wrong IMO.
@justinboone I’m 2nd in my 12 players 1/2 PPR league, have a solid team all around. At QB I have C. Williams, M. Stafford (with Puka stack) and Dart. Need to drop one of them and debating dropping Williams. I tried to trade him but have been unsuccessful. Which QB would you keep for playoffs?