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- When a 12 year old is a better trader than you...
When a 12 year old is a better trader than you...
Equities so far today...
Yields down, oil & dollar weaker, and equity futures are basically flat
We're still going higher, right?
Citi say we are: more short squeezing will push the S&P 500 to 4,000 when longs could be tempted to take profits...
“There is potential for further short squeezes supporting market gains for another week or two given the size of the remaining short base,” - Citi Analysts
Last week saw $10 billion worth of shorts unwound at the largest rate since April, although $21 billion shorts still remain, and are sitting in loss.
Citi added that longs could be tempted to take profits at 4,000 points.
Boring - Haven't they heard of HODLing?
On that note...
Bitcoin 🚀🚀🚀🌛
How it started...
Yes. I have purchased over $1.3 billion in #BTC in past months & would be happy to share my playbook with you offline - from one rocket scientist to another.— Michael Saylor (@michael_saylor) December 20, 2020
How it's going...
Tesla spent as much on BTC as their entire R&D budget for 2020...
Bitcoin has rocketed from ~$38,000 to $48,000 since...
In case you don't know the backstory - Michael Saylor is CEO of MicroStrategy, a business intelligence & software development company.
$MSTR began buying bitcoin in August 2020 (when their share price was ~$122) and have kept issuing debt to buy more...
The chart speaks for itself...
We're already speculating on the next big buyer...
SOURCE: Next big corporate #BTC buyer is Larry Ellison, Oracle— Max Keiser (@maxkeiser) February 9, 2021
The guys at Equos have been keeping an eye on this accelerating adoption...
EQUOS has already built a truly institutional-grade digital asset exchange available for anybody to join.
EQUOS is a part of Diginex, the first Nasdaq-listed company with a cryptocurrency exchange.
Sadly they won't be investing it in Bitcoin.
Nope, the world's largest chipmaker is forecasting “multiple years of growth opportunities”, and they'll spend a shedload on growth and development, plus a tiny $178 million to open a Japanese material research subsidiary...
Honda & Nissan will be pleased - they expect to sell 250,000 fewer cars because of a global chip shortage...
Honda cut its sales target by 100,000 vehicles, while Nissan lowered its target by 150,000 vehicles.
Besides significantly lower fees, the core @Utrust advantages are:
- Zero chargebacks losses ✔️
- Zero locked funds for flagged card payments ✔️
- True borderless coverage ✔️
- Fast settlements ✔️
Keep it simple 👍 pic.twitter.com/2IIfYtkyMq— Nuno (@nunocor_) January 12, 2021
Unless you made more than 43% last year...
“My role model is Warren Buffett,”
12-year-old South Korean Kwon Joon earned 43% from a hobby picked up just last year: buying stocks...
South Korea’s rookie investors like Kwon, who pursues “value investing” in blue chip shares with funds garnered from gifts, trading mini-car toys and running vending machines, have led the blistering rise of retail trade amid the coronavirus pandemic.
More retail investors are teenagers or even younger, making up more than two-thirds of the total value traded in the nation’s shares, versus less than 50% in 2019.
“I really talked my parents into it, because I believed an expert who was saying (on TV) that this is a once-in-a-decade opportunity,”
I'm off to train the kids up and retire early - expecting 50% annual returns before they reach 11 or there'll be consequences...