What’s up traders, Ezekiel here! Let’s get right into your market cheat sheet, what’s moving, why it matters, and how to navigate it like you’ve done this a thousand times.
- Today’s market mayhem. S&P 500, EUR/USD, Bitcoin, and XAU/USD today
- The S&P 500 blasted through 7,700 to a record high as a US-Iran Hormuz deal looks close and the AI trade roars back
- Stocks are printing all-time highs while Bitcoin sits 49% below its peak, yet ETFs just bought another $170 million of the dip
- The ICT Order Block strategy that 5,242 backtested EUR/USD trades proved is failing most traders, and the only way to trade it with a real edge, in our latest video
WEEKLY MARKET MAYHEM🔥
Stocks are on top of the world, crypto is stuck in the mud. Here’s the snapshot. 📈
Stocks Just Smashed Through 7,700 to a Brand New Record High.
While Bitcoin has been stuck in the mud all summer, the stock market quietly did something historic. The S&P 500 blasted through 7,700 for the first time ever. 🚀
The index closed at a record 7,736.52, up 1.79% on the day, and the Dow punched all the way to 54,000. This was Wall Street’s first record high in about two months, and it came on broad based strength, not just one or two mega caps carrying the load.
So what lit the fire? Three things stacked up at the same time.
First, strong corporate earnings kept rolling in. Second, oil eased off, which cools inflation fears. And third, the big one, growing optimism that the US and Iran are closing in on a deal to reopen the Strait of Hormuz. Treasury Secretary Scott Bessent said a deal could come soon. 🕊️
The AI trade is back in the driver’s seat too, with Nvidia climbing after a key partner reported surging sales. When earnings, geopolitics, and AI all point the same direction, you get a day like this.
🤔 Asia Forex Mentor Insights
This is what a healthy, broad rally looks like, and it’s a completely different market than the one panicking two weeks ago at the Fed meeting. The lesson, again, is that narratives flip fast and price follows the data, not the fear.
For forex, a Middle East de-escalation cuts both ways. Lower oil is disinflationary and risk positive, which can soften the dollar as safe haven demand fades. Watch EUR/USD, a sustained push above 1.15 with stocks at records points to a full risk on regime. But records also mean stretched, so treat a pullback from here as normal, not a disaster. 📊
Stocks Are at Record Highs. Bitcoin Is Still 49% Underwater. What Gives?
Here’s the uncomfortable chart for crypto fans. Stocks are printing all time highs, and Bitcoin is sitting around $64,000, roughly 49% below its October record of $126,000. 📉
Even more telling, the S&P 500 and Nasdaq, when measured in Bitcoin, just broke above their 200-week moving averages for the first time since 2012. In plain English, stocks are outperforming Bitcoin on a scale we haven’t seen in over a decade.
That raises a real question a lot of traders are quietly asking. Is the era of parabolic Bitcoin gains over? 🤔
Maybe not so fast. Because while the price chart looks sleepy, the money underneath is still flowing in. On a day when equities saw heavy selling earlier, US spot Bitcoin ETFs pulled in $170.1 million, led by BlackRock’s IBIT with $111.4 million. Institutions used the dip to add. 🏦
So you’ve got a split screen. Retail sentiment is fearful and price is flat, while the biggest institutional buyers keep quietly accumulating. Those two things rarely stay disconnected forever.
🤔 Asia Forex Mentor Insights
Divergences like this are where patient traders get paid. When an asset badly lags its peers but the smart money keeps buying, you’re usually looking at accumulation, not abandonment. It doesn’t mean up tomorrow, it means the setup is quietly building. 🧠
Tactically, nothing has changed. Bitcoin is still coiled between roughly $62K and $65K, and it has been for weeks. The divergence with stocks just adds fuel to the eventual break. If the risk on momentum from record stocks finally spills into crypto, $65K is the gate. Until BTC proves it, respect the range and let the ETF flows be your tell. Trade the data, not the drama. 📊
MEMES OF THE DAY 🤣
Every permabear, at every single all-time high 🙄
One of them backtests. One of them has “a feeling.” 😅
