bitcoindata21

S&P Global Manufacturing PMI for U.S 53.9 (above consensus of 53.8)
ISM Manufacturing PMI for U.S 55.6 (above consensus of 54)
Long live the business cycle, the business cycle is King.

It's exactly 2 years since the yen carry trade unwind "yenmageddon".
I've lost count of how many times I've seen it mentioned as a risk since then.
The doomer larps are back at it again, especially the yellow checkmark accounts. They must have run out of ideas.
If everyone is talking about it, then it's probably a very low risk, just like the debt situation. Ya think the market doesn't know or doesn't price it in?

Price really does drive sentiment.
A few months ago, people were saying memory stocks are no longer cyclical, and that they were in a "structural" bull market... what ever that means.
Now people are saying that the AI trade is dead, and stocks will struggle to get to 52 week highs. The AI trade didn't begin with memory, and it won't end with it either.
We've already seen the same emotional nonsense with bitcoin, crypto, gold, silver, oil.

Pick one to buy right now for next 12 months

You've seen NVDA and other large caps begin the cycle.
You've seen Gold and Silver bugs getting frothy at the mouth.
You've seen memory stocks go to trillion dollar market caps.
And yet crypto and bitcoin is being faded because memes and nfts are down -90%, while the cycle is reaching tipping point...
Why would all the other cyclical assets run much harder than average, and BTC/crypto do nothing?

Where is the market right now in comparison?

Should already be 2 yellow cards for Argentina for cynical body checks.
Don't know what the referees were told before this tournament started.

England 4-0 France at half time.
Oh look. Play attacking football with attacking players, and you have a chance of winning.
Instead of the garbage that's been played the whole tournament with negative tactics and defensive players.
Playing to win, instead of playing not to lose. Too little too late Tuchel.

Tuchel didn't lose this for England in the last 30 minutes.
He lost it over and over again, starting with picking the wrong squad, then picking the wrong first 11, and never having a settled defence. Then being negative in multiple games, where we could only barely beat average teams like Panama, Congo, Mexico, Norway.
Delusional and arrogant manager who turned potentially a great squad into an average one.
I said it a few weeks ago, favouring pace and power over technique and skill was completely stupid.
Just pick a common sense manager who doesn't put square pegs in round holes. Tuchel jus

These are stupid stupid tactics from Tuchel. Asking for trouble.

First yellow card for England, none for Argentina. This is France Vs Paraguay all over again.