β€Œβ€ŒThe big story in markets over the past 24 hours is the big bond selloff that saw yields rocket, and big tech take a tumble.

The Nasdaq is down just under 6% on the week so far...

The bond selloff has taken 10 year yields briefly above 1.5%...

Will markets buy the big tech dip or are bonds a more attractive deal?

We discussed this (and more) in today's Opening Belle πŸ‘‡


About those yields...

β€Œβ€ŒAnalysts at Credit Suisse say it's too soon to be concerned...

Equities should do just fine until the 10 year hits 2%...


UTrust - Cryptofy Your Businessβ€Œβ€Œ

πŸ”₯ Hot or Not β›”

β€Œβ€Œ
One stock that's hot... πŸ”₯

β€ŒSounds like a phone company, actually a supplier of biosynthetic cannabinoid (CBD) products.

CBX raised Β£13m as part of an initial public offer that it says was 13 times oversubscribed.

The UK stock placed at 5p but rocketed over 400% to hit highs of 28.5p!

One stock that's not... β›”

We touched on this one in the podcast...

Last year SPCE made no money...

No surprise there, but analyst expectations are a lot more optimistic for the next couple of years:

Analysts are projecting sales of about $20 million in 2021, growing to $136 million in 2022.

The stock is on track to fall by ~29% this week.

Inflation is taking some of the blame.

Higher inflation should leads to higher interest rates, which hurt stocks with high valuation multiples.

Galactic stock is valued at ~$10 billion. β€Œβ€Œβ€Œβ€Œ

That’s a huge multiple of the 2022 estimated sales of $136 million...

If yields DO push higher again, companies like Virgin Galactic are sure to feel the pressure again...


Coinbase are doing an IPO, guys!


Except it's not an IPO...

They're listing directly instead πŸ‘‡

Coinbase Direct Listing Application With the SEC is Made Public
Coinbase revealed regulatory filing with the SEC to go public on Thursday... It sets the stage for a milestone stock listing by the U.S. cryptocurrencyexchange. The company revealed back in December that it had applied with the U.S.Securities and Exchange Commission (SEC) to go public. The move…

The 'King of SPACs' (and early SPAC backer of Virgin Galactic) is not a fan...

SPAC-blinkered or does he make a good point?

Pre-IPO pumping is nothing new, after all...

As with all things crypto it will be a fascinating ride whatever happens!

Crypto is undeniably gaining mainstream acceptance, and Coinbase isn't the first crypto exchange to go public.

Diginex (EQOS) listed on the Nasdaq back in September 2020.

The EQUOS digital asset exchange is built to institutional standards & available to everyone. It's part of their mission to foster the mainstream adoption of the digital asset class.

They're running a competition here so if you fancy yourself as a crypto trader, sign up and get involved!

Have a great weekend!