According to @StockMKTNewz, Tesla (TSLA) has flipped to a positive year-to-date performance, meaning the stock is now up on the year, source: @StockMKTNewz. The YTD break-even level now serves as a clear momentum reference for traders assessing follow-through and risk management, source: @StockMKTNewz. Crypto market participants who track equity risk cues can note this TSLA status update as part of cross-asset sentiment monitoring, source: @StockMKTNewz.

According to The Kobeissi Letter, the Federal Reserve is about to cut rates while US inflation is above 3% and rising, which they link to a powerful bid in gold, source: The Kobeissi Letter. According to The Kobeissi Letter, gold is up approximately +30% year to date and has tripled the S&P 500’s return despite an ongoing equity bull market, signaling an unusual divergence, source: The Kobeissi Letter. According to The Kobeissi Letter, this not-normal price action argues for trend-following exposure to gold and relative-value positioning versus the S&P 500 until the policy and inflation backdrop changes, source: The Kobeissi Letter.

According to The Kobeissi Letter, there is a sharp divergence between Gold and Bitcoin in their year-to-date performance. While gold has appreciated by 10%, Bitcoin has depreciated by 10% since January 1st. This shift highlights that cryptocurrency is increasingly viewed as a risky asset rather than a safe haven, impacting trading strategies and asset allocation decisions.