“A Market Of Just 5 Stocks”: Earnings Season Confirmed “Winner-Take-All” Phenomenon Is Accelerating
Sunday, 24 May 2020, 16:30:00
“A Market Of Just 5 Stocks”: Earnings Season Confirmed “Winner-Take-All” Phenomenon Is Accelerating Tyler Durden Sun, 05/24/2020 – 12:30 One month ago, Goldman triggered a modest selloff in growth and momentum stocks, when it pointed out that the five largest S&P 500 stocks, the FAAMGS (or MSFT, AAPL, AMZN, GOOGL, FB) have risen to account for over 20% of index market cap, representing the highest concentration on record… … resulting in the lowest market breadth since the tech bubble… … and warning that “narrow market breadth is always resolved the same way” as “narrow rallies lead to large drawdowns as the handful of market leaders ultimately fail to generate enough fundamental earnings strength to justify elevated valuations and investor crowding. In these cases, the market leaders “catch down” to weaker peers.” In short, as we wrote – jokingly – on April 17 that ” The Market Is Now Just 5 Stocks “, that’s precisely what has happened, with investors dumping everything but the top 5 names, and creating the biggest ” hedge fund/mutual fund/retail/momentum hotel” ever assembled in the FAAMGs, with Goldman revealing another stunning statistic: as of April 30, the 5 biggest stocks are up 10% while the remaining 495 S&P500 companies are lower by a collective 13%.
— Zero Hedge
JPMorgan Warns that CBDCs Could Erode Dollar’s Global Monetary Dominance – InsideBitcoins.com
Saturday, 23 May 2020, 22:59:29
American investment banking giant JPMorgan is weighing in on the topic of Central Bank Digital Currencies (CBDCs), as the firm believes that they could pose a threat to the dollar.
Bitcoin Investment App CEO Calls BTC a Monetary Revolution, Not a Technical One
Saturday, 23 May 2020, 22:30:49
Bitcoin is not yet a go-to investment option in the public eye, but those days could be coming. What needs to happen for Bitcoin ( BTC ) to cement its role in the public eye as a valid investment option? “Time,” Aleks Svetski, CEO and co-founder of Bitcoin investment platform Amber, told Cointelegraph in an email. “This is NOT a technological revolution,” he clarified, adding: “It’s a monetary revolution – which takes (traditionally) centuries to manifest, whilst in the digital age, Bitcoin is likely to do it in decades.” Bitcoin rising despite instability Since Bitcoin’s 50% March price dive , in the midst of coronavirus fear and uncertainty, the mainstream public has become increasingly interested in crypto’s pioneer asset. The coin also rebounded dramatically in value, seeing more than 130% gains from its low. Bitcoin’s positivity comes during unstable mainstream market conditions. Traditional market barometers posted some of their worst performances since the market crash of 1987, as business closures and coronavirus prevention measures took flight.
Coinbase CEO Brian Armstrong has Been in Talks With JP Morgan Since 2018 » NullTX
Saturday, 23 May 2020, 21:00:41
Given how one of the recently announced banking customers of JP Morgan is Coinbase, one has to wonder what led to this particular decision.
— NullTX – Crypto News
JPMorgan Report Opines CBDCs Could Disrupt the U.S. Dollar’s Hegemony | BTCMANAGER
Saturday, 23 May 2020, 14:07:07
A report by JPMorgan & Chase Co. states that the rise in the popularity of central bank digital currencies (CBDC) could spell doom for the U.S. dollar that enjoys unquestionable hegemony in dictating the global economic order today, Bloomberg reports June 22, 2020. U.S. Dollar Hegemony Could Be Disrupted Analysts…