1. Macro Hedge Funds “Underinvested”

Dave Lutz at Jones Trading-Twits note on some measures Macro Hedge Funds are significantly underinvested. They’re usually “all-in” near Major tops – but right now, they have little interest in Stocks.  If this rally keep going, it’s only a matter of time until FOMO kicks in.

1. GBTC-Bitcoin Trust New Highs

$7.50 to $47.90

1. Low Quality Leading Rally 

Crossing Wall Street 

Eddy Elfenbein on February 8th, 2021 at 11:53 am

One of the factors that is used to dissect the market is “quality.” Analysts like to see if high-quality stocks are leading the charge, or if they’re being left behind. That’s assumed to be a good indicator of what investors are thinking.

At the outbreak of the coronavirus, investors flocked to high quality names. That makes sense. But since May, high quality has lagged. Actually, it’s lagged pretty badly.

Here’s a chart of Fidelity’s Quality ETF divided by the S&P 500.

1. U.S. 30 Year Treasury Approaching 2%

30 Year Treasury ..2% on Horizon..See red 200 day moving average turning upwards

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