Institutional Investors Are Bearish!

Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!

📅 Today

Jerome Powell Out?

President Trump accused Fed Chair Jerome Powell of "playing politics," saying interest rates "should be coming down now."

"Europe is cutting rates, but our guy wants to play cute," he added, calling Powell "terrible" and criticizing Fed officials as "not very smart."

Despite the fiery remarks and "fire Powell" headlines, prediction markets remain steady—Kalshi currently puts the odds of Powell being replaced in 2025 at just 25%.

Global Sentiment Worsens!

Global investors have rarely been this bearish.

A record ~50% of institutional investors intend to reduce US equity exposure, according to a Bank of America survey released Monday.

Allocation to US stocks fell 13 percentage points over the last month, to a net 36% underweight, the lowest since the March 2023 Banking Crisis.

Since February, investors' allocation to US equities has dropped by ~53 percentage points, marking the largest 2-month decline on record.

Moreover, a record 82% of respondents are now expecting the world economy to weaken.

As a result, global investor sentiment fell to just 1.8 points, the 4th-lowest reading since 2008.

Read more here.

• Weekly on-chain insights.

• 3-5 altcoin chart setups.

• In-depth Bitcoin price updates.

• Occasional in-depth reports on altcoin gems.

• VC funding roundups.

• Market cycle insights.

• Premium Telegram trading group, and more.

🌎 Other News

• Semler Eyes $500M Raise to Boost Bitcoin Reserves

• China halts its purchase of U.S. liquified natural gas

• Canary Capital seeks SEC approval for staked TRX ETF

• Dogecoin Spot Outflows Soar to $120 Million in April

• ANAP Buys $70 Million in Bitcoin for Treasury

📕 Educational

The S&P 500 has just triggered a death cross for the first time following a CAPE ratio that exceeded two standard deviations above its long-term exponential trend.

The other 3 times this happened:

• Nov/1929

• Oct/2000

• Mar/2022

Each of these times, the stock market has entered deeper corrections, indicating that a similar pattern might play out again, especially if the trade wars continue to accelerate.

📊 Stat of the day

🤣 Meme of the day

That concludes our update for today!

We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.

Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!

Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.