Today’s Animal Spirits is brought to you by YCharts
On today’s show we discuss:
- The hottest stocks are getting killed
- I lost everything on Alibaba call options
- DocuSign got smashed
- Remember talking about higher gas bills like 4 weeks ago?
- RWM WisdomTree Crypto Index
- What can crypto wallets do?
- Barron’s think housing can run another decade
Listen here:
Transcript here:
Recommendations
- Bourne Trilogy
- Punch-Drunk Love
- Four Christmases
- Love Actually
- Elf
- The Ref
- Succession
- The Beatles: Get Back
Charts:
Tweets:
That other audible scream you hear in the distance is your local growth and momentum stock manager watching it "all go away" before year-end marks.@MrBlonde_macro @profplum99 pic.twitter.com/JkTg6MYfYp
— Jim Bianco biancoresearch.eth (@biancoresearch) December 4, 2021
Speculation gets hit: basket of most-shorted tech stocks tracked by @GoldmanSachs now -48% from its peak, which is worse than drawdown earlier this year and in bear market of 2020
[Past performance is no guarantee of future results] pic.twitter.com/fJ2KHMvrwv— Liz Ann Sonders (@LizAnnSonders) December 2, 2021
With volatility has come swift correction in frothy behavior in near-term … @sentimentrader “dumb money” confidence (smaller, odd-lot traders) has dropped while “smart money” (large commercial hedgers) has grown most confident since March 2020 pic.twitter.com/sD6x6P36oi
— Liz Ann Sonders (@LizAnnSonders) December 6, 2021
In the last nine hours, 10 Cryptopunks have sold.
Eight of them have sold for losses.
The average loss is $77,800. pic.twitter.com/5TfJScYVvL
— Darren Rovell (@darrenrovell) December 4, 2021
Commodity run is fading quickly … @Bloomberg Commodity Spot Index is nearing correction territory and undergoing largest drawdown since July 2020
[Past performance is no guarantee of future results] pic.twitter.com/f3l20lZf6z— Liz Ann Sonders (@LizAnnSonders) December 1, 2021
Supply chain bottlenecks appear to be easing. The number of container ships waiting outside LA/Long-Beach fell considerably in November. Thank the Biden admin (and the threat of LA City Council’s fines!). My @Morning_Joe chart: pic.twitter.com/v8gALLUm5u
— Steven Rattner (@SteveRattner) December 1, 2021
Getting close to a 5-month low for ocean freight rates between Shanghai and Los Angeles: pic.twitter.com/hwru3HiHgi
— Conor Sen (@conorsen) December 2, 2021
1/6
Screaming red Bloomberg headline this morning:
* BITCOIN PLUNGES MORE THAN 20% IN SATURDAY TRADING
As the chart below shows, BTC is still down about 11%.
If it closes here (midnight), this will be BTC's worst day since May and its fifth worst day in 2021. pic.twitter.com/N1UVtU36rp— Jim Bianco biancoresearch.eth (@biancoresearch) December 4, 2021
Does it feel like 2021 was a pivotal year for #crypto acceptance and adoption? Find out just how much has changed in our annual survey of investor attitudes toward #Bitcoin: https://t.co/lIHAUjQuHy pic.twitter.com/GwmZcj7LCS
— Grayscale (@Grayscale) December 6, 2021
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