According to the latest reports, it seems that the billionaire Chamath Palihapitiya warned investors, saying that the fundamentals of the US stock market are starting to look shaky.
New warning to investors is out
In a new All-In Podcast episode, Palihapitiya, who nailed the market meltdown last year, shared a chart from Bloomberg. This is important because it shows the wide disparity between earnings and cash flows among S&P 500 companies.
According to the Social Capital CEO, the gap between the two fundamental metrics is at its widest point in about three decades.
“If you focus on the period of 2020 to 2024, what you see is the white line, which is net income adjusted for depreciation and amortization, and the blue line is cash flows from operation. So what does that mean? This the best 500 companies in the world.”
He continued and said this:
“The white line is what you tell Wall Street in terms of what you make on paper. The blue line is what actually appears in the bank account. So why could there be a gap between what you tell somebody you made… versus what’s in the bank? Well, the reason is because there’s all kinds of accounting tricks that you can use…”
BTC new price prediciton is out
A popular crypto analyst is unveiling his forecast for Bitcoin (BTC) after the king crypto plunged over 6% on March 3rd.
Analyst Justin Bennett says in a recent newsletter that Bitcoin bulls should pay close attention to the $23,130 price for BTC.
According to the trader, BTC could witness another sell-off event. This will reportedly happen if bulls fail to recapture the key price area.
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $22,406. Stay tuned for more news from the crypto space.