Hot Streak for AI Stocks / Gold Miners Lag / Mixed Bitcoin Outlook

Key Highlights

Last week, global equity markets were up 0.7% on average. The S&P 500 was up 0.5% WoW, driven by softer-than-expected inflation and subdued GDP/manufacturing data.
Metal prices were relatively flat. Gold producer valuations are 21% lower than the past three instances when gold surpassed US$2k/oz.
Promising third party validation for a biotech company under coverage
Rising Realized HODL ratio (RHODL) and declining hash rate suggest a mixed near-term outlook for Bitcoin (BTC)
Major AI indices are up 1% WoW on average, and 12% YoY.

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Last week, global equity markets were up 0.7% on average. The S&P 500 was up 0.5% WoW, driven by softer-than-expected inflation and subdued GDP/manufacturing data.
Metal prices were relatively flat. Gold producer valuations are 21% lower than the past three instances when gold surpassed US$2k/oz.
Promising third party validation for a biotech company under coverage
Rising Realized HODL ratio (RHODL) and declining hash rate suggest a mixed near-term outlook for Bitcoin (BTC)
Major AI indices are up 1% WoW on average, and 12% YoY.

Free — no credit card

Create a free FRC account to keep reading — and follow the companies you care about so you don’t miss next week’s edition.

Companies covered this week

Read this week's full analyst commentary — positive and negative takes on each company

Follow any company above and get notified when FRC publishes a new note

See the full Market Intel Weekly archive

Already have an account?