TLDR: Have you checked out our fantastic new Earnings Season widget? Also, Elon is probably selling more TSLA
Earnings and Tesla
As we mentioned last week, leading indicators of growth are collapsing. So what can we expect from company earnings releases? A lot of misses, presumably.
Cue WhatIf, our new Earnings Season tool which will let you analyze the response of companies to beats and misses. Click on the image below to give it a spin!
Meanwhile, Twitter’s first interest payment is coming due. Luckily Elon has promised not to sell any more TSLA stock…right?
Status of the Leading Indicators
We’re restructuring the Leading Indicators section to include it on a daily basis, focusing on the most pivotal indicator for the day.
The TLI usually moves ahead of all other indicators, and it printed bearish during last week. As of yesterday also RangeFinder posted a reversion indication.
Up ~25% YTD, TOGGLE observed an improvement in on-chain metric indicators (specifically, market cap and transaction count) for Bitcoin, which historically led to a further rise in price.
In other news, early crypto investor Peter Thiel no longer has significant exposure to Bitcoin.