Make sure to check out Interactive Brokers above as idle cash now will yield more than 4.5% as the Fed just raised rates.
Key Investing Resource: Strategist Larry uses Interactive Brokers as his core brokerage. Feel free to check out IB. I currently park excess cash at Interactive Brokers. Check it out. It’s a great brokerage.
In our emails, we will provide the following coverage points:
Demand for leveraged Bitcoin ETFs, is surging as Bitcoin reaches record highs.
According to Bloomberg, futures-based Bitcoin ETFs currently hold an all-time high equivalent exposure of 83,300 tokens and leveraged Bitcoin ETFs represent nearly 25% of the open interest on CME, which is one of the largest marketplaces for crypto derivatives.
Macro Chart In Focus
Analyst Team Note:
The recent decline in nominal retail spending is mainly due to two main factors: a welcome deflation in goods prices observed since 2023 and the negative impact of persistent high inflation in services.
According to the latest CPI report, core services inflation is at 5.2% year-over-year, compared with a 0.3% decrease in core goods prices.
This divergence has led to services spending growing more rapidly than retail spending in nominal terms, although retail has seen faster growth in real terms.
U.S. core CPI, which excludes food and energy costs, rose by 0.4% in February from January and by 3.8% from the previous year, surpassing forecasts.
Shelter and gasoline contributed over 60% of the overall inflation increase. Prices also picked up for used cars, apparel, motor-vehicle insurance and airfare.
Chart That Caught Our Eye
Analyst Team Note:
According to the US Treasury, in February, the US collected $271 billion in various taxes and spent $567 billion, more than double what it collected.
Sentiment Check
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