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They recouped their losses in crypto and switched to stocks – the S&P 500 fell 1% 🌡 They gave BTC a chance to breathe and it returned above $92k 🙏
📈 The gap in market value between Alphabet and Amazon is approaching $1 trillion Alphabet (Google) and Amazon have long been in close competition in market capitalization. Although Alphabet led initially until 2018, the two companies were virtually neck-and-neck for several years. By the end of 2024, both companies' market capitalizations reached approximately $2.3 trillion, following virtually identical growth paths. The situation changed dramatically in 2025. From August to November 17, Alphabet's market value increased by 33.5%, reaching $3.45 trillion, becoming the fourth company in history to surpass the $3 trillion mark. Amazon's value fell by 1.9%, reaching $2.49 trillion. Result: the valuation gap has widened and is approaching $1 trillion.
Analyst: I don't know who needs to hear this, but US private credit and business development companies aren't looking too good right now... Private credit is again trading near April lows. Credit tends to move ahead of equities – that's something to keep an eye on in the coming days... 🧮