👀 Hedge Funds are selling, Retail is buying. Nvidia's Insider-selling alarm bell

Hi guys, it’s Kieran! Let’s get fired up for another week in the markets. Lot’s going on as ever, so lets straight get into it:

📢 Prop Firm Industry News

Funded Engineer appears to be facing major liquidity issues again. Payouts to traders were last made 19 days ago. Their CEO Tristian has said he is currently meeting with potential investors to solve the crisis. Lets see how this progresses, but it doesn’t look good. I have a funded account with them, so am hoping that they pull through!

MyFundedFX/MyFundedFutures are launching a white label platform to allow companies to start their own Futures firms. This seems to be the latest trend in the industry; as Alpha Capital, FundingPips and Goat Funded Trader have also announced plans to get into the futures prop firm “tech” business.

Elsewhere, new ‘trading days’ rules were added at Funded Peaks. Traders must now make 0.5% profit or loss to qualify a trading day. This applies to all accounts, including funded. Payouts are still delayed at this firm so caution is advised.

Finally FundingPips have lowered their allowable max lot size on all account types, to limit their ‘toxic flow’. I passed my phase 2 with them at the end of last week, so should get a funded account with them sometime this week.

Follow me on X -https://twitter.com/kierangohil_

🕜 Economic calendar

Here are this week’s red folder news events. Biggest events of the week are US GDP on Thursday, and US PCE Price Index number, which is the Fed’s preferred gauge on inflation, on Friday.

📈 The Macro View

Hedge Funds are selling. Retail is buying.

1. Goldman Sachs Prime reports that US info tech (essentially NAS100) was the most net sold sector in the week by hedge funds, and has now been net sold in 4 of the last 5 weeks.

2. At the same time EPFR reports the largest weekly retail inflows ever into tech funds.

Yikes….I’ve seen this movie before.

Nvidia Up 155% Year to date. This is it, this is the equities rally. Chart shows Nvidia v S&P500.

Be warned - Nvidia put in a big red candle last week, so keep it on your watchlist. (NVDA also currently down in Pre-market this morning).

Can Nvidia sustain this valuation?

Analysts forecast NVIDIA's 2025 revenues to hit about $112 billion, with annual growth of 20-25% thereafter. Compare this with Apple who are projected to grow only 1-5% a year.

If Nvidia can hit their revenue targets, then their current valuation still looks modest 🤯

There is one thing though…. Insider selling in Nvidia is at the fastest pace in years…. It’s probably nothing.. 😃 

🔥 FINAL WEEK - 50% Promo at PipFarm

Great feedback from many of you guys about PipFarm last week. This is the final week that they are running their 50% off a 50k account promo, so make use of this deal whilst you can.

Like I mentioned before, they have probably the best 1-Step program in the industry, with static drawdown! plus lots of great gamification features where you earn XP, complete quests and rank up to unlock bigger funding, better risk rules, faster scaling, and free challenge accounts.

LAST CHANCE to get 50% off their 50k account. This gets you a 1-Step 50k account for only $175! Click the banner below to visit their website and enter the code PTWEEKLY50 at checkout.

OK guys, that’s it for this week. I hope you enjoyed the newsletter, stay safe out there and i’ll speak to you next Monday!

Kieran