ByteTree

The BOLD strategy provides optimal risk-adjusted exposure to #Bitcoin and #Gold as a hedge against monetary inflation. Learn more about BOLD on our website: bold.report

The 1999 chart we'd hoped never to see again is back. The spread between US #momentum winners and losers has reached 39% — a reading only matched in 2000 and 2008, and you know how both of those ended. Exhibit A is #Intel, whose sales are still struggling but whose stock has risen sixfold on the back of a Trump-era state cash injection, taking its price-to-sales ratio back to #dotcom-bubble territory. Meanwhile, global equities have just hit a new all-time high relative to world GDP. The oxygen gets thinner up here, and the rally is being carried by an ever-narrower group of names insulated from a cost-of-living crisis that is grinding everything else down. What options do investors have from here? Read our latest update, "Bubble Alert": bytetree.com/research/2026/… 📈US Momentum – Past Winners vs Past Losers – 2026 YTD

In our latest Quality Portfolio recommendation, we examine a business built around disciplined capital allocation, resilient cash generation, and long-term compounding through multiple market cycles. The company has recently experienced one of its weakest periods of relative performance in many years, despite the underlying business continuing to strengthen. Such disconnects rarely last forever. The full investment case by @AtlasPulse and @WinderKit is available to subscribers: bytetree.com/research/2026/…

#Semiconductor stocks are seemingly the only game in town, driven by booming #chip prices, in the scramble to generate compute. This week, Venture adds an early trend in an out-of-favour tech company with a 21% free cash flow yield and on 1.5x sales. bytetree.com/research/2026/…

The concentration is narrow, and the market is once again resembling the behaviour seen in the late 1990s. It feels late in the day to chase chips. Read our latest update by @AtlasPulse and @WinderKit for free 👇globaltrends.bytetree.com/chip-frenzy/ #ChipStocks #semiconducors #Magnificent7

There is a new wave of innovation emerging in the crypto industry: AI Agents. bytetree.com/research/2026/…

Markets swing between investing and gambling - or the church and casino, as Buffett calls it - and investors swing with them. In casino times, patience and selectivity are part of the strategy, not a failure to act. Read our new update by @AtlasPulse 👇 bytetree.com/research/2026/…

The leadership in global equities is thinning, but this still looks like a bull market. The primary risk is the oil price, which, with the Strait under pressure again, could derail the rally. Read our latest Global Trends report 👇globaltrends.bytetree.com/hot-war-resume…

The @21shares Bitcoin Gold ETP (BOLD) invests in Bitcoin and Gold. BOLD combines the world’s two most liquid alternative assets on a risk-adjusted basis. Following rebalancing on 30th April 2026, the new target weights for the $BOLD Index are 42.9% Bitcoin and 57.1% Gold, a 1% reduction in Bitcoin from the previous month. Gold’s volatility has now stabilised, having been rising during the 2025 price surge, while Bitcoin’s has remained stable. In April, BOLD rose by 6.0%, while #Bitcoin returned +12.1%, #Gold -1.1%, and global equities +9.6%, in USD terms. Bitcoin has led global equities in April and has proved resilient in a haphazard market environment. This contrasts with the period prior to the conflict in Iran, where Gold was more resilient. Read the full monthly rebalancing report by @AtlasPulse for free: bytetree.com/research/2026/… In partnership with @21shares and @KaikoData. 📈Bitcoin, Gold, BOLD, and Global Equities in USD - Since Bitcoin’s 2017 Price High

The point investors seem to be forgetting is that #Bitcoin has beaten everything and is poised to do so again. bytetree.com/research/2026/…

Four years ago, the @21shares Bitcoin Gold ETP (BOLD) launched on the SIX stock exchange in Zurich. In hindsight, the timing wasn't ideal as #Bitcoin had just entered a bear market. But, despite a soft start, $BOLD has comfortably beaten all regional equity markets, including dividends, since launch. In the same time frame, BOLD has returned 148%, #Gold 147.8%, and Bitcoin 89.4%. Consequently, BOLD not only beats the stronger asset, but also the Bitcoin and Gold average by a comfortable 29.4% after fees. A world awash with debt makes investing for the long-term essential, and this is BOLD’s finest hour. Combining the world’s most liquid alternative assets, which have limited supply, is an efficient way to beat the ever-expanding global money supply. In this four-year anniversary piece, @AtlasPulse explores how BOLD works in practice, the performance, and the role it can play in a portfolio facing an expanding global money supply: bytetree.com/research/2026/… @KaikoData @21shares

We are back to a market with a few winners and many losers. Notably, 47.5% of all stocks are in relative downtrends, and just 19.5% in uptrends, making this market hard to outperform. Alpha opportunities are thin. Read our latest Global Trends report: globaltrends.bytetree.com/a-bull-market-… 📈Bull trends in blue and bear trends in red.

Gold investors tend to focus on price, but understanding the drivers behind it is much more important. In our latest Atlas Pulse Gold Report, we dig deep into the inner workings of the #Gold Dial, created by ByteTree Founder and gold expert, Charlie Morris, twenty years ago. The model breaks the #goldprice down into three drivers: - price strength - relative performance - monetary conditions While it’s a simple model, it has consistently identified when gold is worth owning, and just as importantly, when it isn’t - see chart below. Today, the dial still points to a structural bull market, yet the underlying signals are beginning to shift as real yields re-emerge and gold’s momentum cools. So, if gold is pausing, where does leadership go next? To learn more about our gold model and the current macroeconomic setup, read our latest Atlas Pulse Gold Report: bytetree.com/research/2026/… 📈Gold Dial: Gold Bull and Bear Markets (log scale)

It’s a hat trick! Following in the steps of Morgan Stanley and Goldman Sachs, Charles Schwab adds Bitcoin spot trading. There’s nothing like the financial establishment giving its seal of approval for the space to be taken more seriously - @AtlasPulse 👇bytetree.com/research/2026/…

Before the pandemic, payments stocks were a strong global growth story, even outperforming tech stocks. The payments sector has been under pressure since that boom, but is showing promise once again. 📈 Payment Stocks vs Tech Stocks Today’s Venture recommendation is an undervalued company with a stable business and a strong balance sheet - a good opportunity for value investors: bytetree.com/research/2026/…

Trump declared the Strait of Hormuz open, and markets moved higher. By the weekend, it was clear the Strait was still effectively closed, yet equities had already rallied. The World Index has returned to a ByteTrend Score of 5 (bullish), with breadth strengthening and leadership expanding. The signal from the data is clear, even if the news flow is not. Technology is leading again, momentum is being rewarded, and liquidity remains supportive. That has been enough to drive one of the sharpest rallies in recent years. $NVDA, $GOOG, $AMZN, $AVGO, Taiwan Semi, $SSNLF, SK Hynix, $MU, and $AMD made 30-week price highs. This is a strong turnaround. But with the energy shock still building, the question is whether this strength can hold. Read our latest Global Trends update: globaltrends.bytetree.com/open-or-closed/ 📈 Trend Performance - Past 5 Months

G20 M2 money supply is at an all-time high ⚠️ This is the classic liquidity playbook — print, pump, repeat 🖨️💸

April’s rally has been strong, and the fears of a bear market have subsided. @AtlasPulse's recent articles have highlighted the rising global money supply, and this company is well-positioned to benefit from a momentum-led investment environment. bytetree.com/research/2026/…

The Morgan Stanley Bitcoin ETF, $MSBT, raised $86m in its first week, and now we have news that #GoldmanSachs will soon launch the Goldman Sachs Bitcoin Premium Income ETF. Learn more 👇bytetree.com/research/2026/…

The G20 money supply has risen again, reaching a new all-time high (chart), boosting markets. That’s been the playbook for years—and it’s working once more. A softer dollar is helping, and so is improving breadth. But the energy shock is in its early days, and the constraints continue to build. While liquidity leads, the signal is not decisive. The prevailing market view is optimistic, but what if it is wrong? Read the full note by @AtlasPulse: bytetree.com/research/2026/… 📈 The Money Supply and Global Equities - Past Year

I’m delighted to report that @ajbell are now trading Bitcoin (CBTC), Ethereum staking (ETHC) and the @21shares Bitcoin and Gold ETF (BOLD) in the United Kingdom. Massive progress and a very welcome change.