Bitcoin Tops $13,000 - Bigger Than Citigroup

For the first time in history, the price of Bitcoin has surpassed $13,000 (rising from $12,000 in less than a day). This pushes Bitcoin's market cap to around $220 billion (above that of Citigroup) as the market cap of the entire cryptocurrency space is now bigger than JPMorgan.

What Are Retail Investors Buying Right Now?

Technology companies dominate popular investment interest; do not, however, slough this off as less-informed retail investors just buying what they know. The point here is that the general population thinks these are the most attractive investment ideas – stocks they want to, or wish they could, own.

Stocks Rebound As Gartman Turns Bearish

This morning, we’ll be buying more puts and we’ll likely be reducing our long positions sufficiently to get our “net” position to one that is slightly net short.