Animal Spirits: Now Show Japan
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Yesterday was the first 2%+ one-day gain for the S&P 500 since 1/6/23, ending a streak of 281 trading days without one. Didn’t realize how long it had been! pic.twitter.com/dZYp4flifB
— Bespoke (@bespokeinvest) February 23, 2024
It’s not just the U.S., major indexes around the globe are soaring to new highs. Markets hitting records in February:
Japan’s Nikkei
Germany’s DAX
Stoxx Europe 600
France CAC 40
Argentina Merval
Taiwan Taiex— Gunjan Banerji (@GunjanJS) February 26, 2024
1/3 – Brief ETF trading volume thread
There are ETFs that “T” a LOT and those that don’t.
Here’s a look at the Top 20 U.S.-listed ETFs ranked by average daily ’23 AUM showing total value traded in ’23, turnover (avg. daily AUM/total value traded), and avg. “holding” period. pic.twitter.com/o0iiAUyR4L
— Ben Johnson, CFA (@MstarBenJohnson) January 8, 2024
Maybe one reason ppl are confused about this economic moment is nobody’s ever seen a labor economy like this in their adult lifetime:
– Women’s wages > men
– Black wages > white
– Young wages > old
– Low-income > high-incomehttps://t.co/MTRqRFmrjb pic.twitter.com/MglFYGCrn5— Derek Thompson (@DKThomp) February 23, 2024
The 10 bitcoin ETFs netted +$2.3b last week. For context, that is more than any other ETF (out of 3,400) took in. $IBIT alone was #2. This brings total net to +$5b, which is more than BlackRock as a whole has taken in. Again, this is all net GBTC bleed. Throw that out and the… https://t.co/PlxnfQ7ETf pic.twitter.com/04LTixd3Zt
— Eric Balchunas (@EricBalchunas) February 17, 2024
It’s official..the New Nine Bitcoin ETFs have broken all time volume record today with $2.4b, just barely beating Day One but about double their recent daily average. $IBIT went wild accounting for $1.3b of it, breaking its record by about 30%. pic.twitter.com/MiCs1rzttM
— Eric Balchunas (@EricBalchunas) February 26, 2024
Cointucky derby update. It’s gonna be a solid flow day for the #Bitcoin ETFs once we get data for the remaining ETFs. Don’t yet have flows $IBIT, $BTCO, or $BRRR.
Even without those — the ETFs purchased at least ~$403 million worth of Bitcoin today. Will update more tomorrow pic.twitter.com/EPy7zVvSXZ
— James Seyffart (@JSeyff) February 27, 2024
Pretty wild coincidence. Bitcoin and Ethereum are up by the exact amount since the October bottom. pic.twitter.com/J9eQF7lmO7
— David Ingles (@DavidInglesTV) February 27, 2024
Inventory
📍There are now 498,000 single family homes on the market in the US.
📍That’s almost 1% more than last week, and now 16% more than last year at this time.
📍This is the first inventory increase of the year.
📍Mortgage rates are up sharply from last year so inventory is… pic.twitter.com/m0X39Qb7O6— Mike Simonsen 🐉 (@mikesimonsen) February 26, 2024
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