The Daily Breakout
Some trends worth watching:
GBTC: The Grayscale Bitcoin Trust hit a 52-week high intraday as the SEC cracks down on the likes of Coinbase. Meanwhile, the real criminals, Fidelity, Citadel, Schwab and BlackRock, have entered the space.
SHAK: Long burgers and shakes, if that’s not American, I don’t know what is. New 52-week highs here in Shake Shack.
LLY: To go along with your burger, Eli Lilly has a new drug called Tirzepatide that will keep you lean. Who said you can’t have your shake and drink it too?
FAST: The market favored Industrials over Tech today. Fastenal is a good proxy to watch as a sector rotation takes place under the surface.
ANF: Abercrombi and Fitch hit 52-week highs intraday before pulling back into the close. Gap and go has been the trend here since late May.
