Here’s ‘one of the most bullish signals’ ever for bitcoin that many investors may have missed

By Barbara Kollmeyer

State Street /zigman2/quotes/209758976/composite STT +0.57% reports Monday in a week that includes Johnson & Johnson /zigman2/quotes/201724570/composite JNJ +0.70% and Netflix /zigman2/quotes/202353025/composite NFLX -0.61% on Tuesday, Tesla /zigman2/quotes/203558040/composite TSLA +2.08% and Biogen /zigman2/quotes/201531540/composite BIIB +2.86% on Wednesday, and a bunch of others.

Speaking of Netflix, the hit South Korean show “Squid Game” is reportedly expected to rake in nearly $900 million for the streaming group.

Zillow /zigman2/quotes/204413973/composite Z +1.37% shares are tumbling, after Bloomberg reported that the real estate platform will pausing purchasing more U.S. homes to work through a property backlog.

Shares of Valneva  /zigman2/quotes/226552993/composite VALN +3.64% surged 40% in Paris, after the French biotech said its COVID-19 vaccine candidate outperformed AstraZeneca’s /zigman2/quotes/200304487/composite AZN -0.37% /zigman2/quotes/203048482/delayed UK:AZN -0.78% in a late-stage 3 trial.

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The markets

Stock futures /zigman2/quotes/210407078/delayed YM00 +1.57% /zigman2/quotes/209948968/delayed ES00 +2.36% are under pressure, led by tech /zigman2/quotes/210219788/delayed NQ00 +3.17% as bond yields rise, along with oil prices /zigman2/quotes/209723049/delayed CL00 +0.79% . Natural-gas prices /zigman2/quotes/210189548/delayed NG00 +9.50% are tumbling. The dollar /zigman2/quotes/210598269/delayed DXY -0.04% is also up. Elsewhere, it was a mostly weaker day in Asia /zigman2/quotes/210598128/delayed XX:000300 -1.21% /zigman2/quotes/210597971/delayed JP:NIK +2.09% after China growth data, and European equities /zigman2/quotes/210599654/delayed XX:SXXP -1.02% are stumbling.

The chart

Last week, this column talked about TINA (there is no alternative) as rationale for stock markets to just keep moving higher.

A team of strategists at Goldman Sachs led by David Kostin predicts that a record 52% equity allocation for households, foreign investors, mutual funds and pension funds will keep rising in 2022 given “unattractive alternatives and high cash holdings.” Corporations will lead the charge, the bank said in a note.

Random reads

How singer Phil Collins got mixed up in a “Remember the Alamo” battle .

Crime author Carmen Mola, who just won Spain’s €1 million ($1.2 million) literary prize, is actually three men .

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/zigman2/quotes/209758976/composite

Add to watchlist STT

State Street Corp.

US : U.S.: NYSE

$ 93.65

+0.53 +0.57%

Volume: 1.78M

Jan. 28, 2022 4:03p

P/E Ratio

13.03

Dividend Yield

2.43%

Market Cap

$34.08 billion

Rev. per Employee

$305,028

/zigman2/quotes/201724570/composite

Add to watchlist JNJ

Johnson & Johnson

US : U.S.: NYSE

$ 171.79

+1.20 +0.70%

Volume: 9.78M

Jan. 28, 2022 4:00p

P/E Ratio

21.99

Dividend Yield

2.47%

Market Cap

$449.09 billion

Rev. per Employee

$697,212

/zigman2/quotes/202353025/composite

Add to watchlist NFLX

Netflix Inc.

US : U.S.: Nasdaq

$ 384.36

-2.34 -0.61%

Volume: 11.97M

Jan. 28, 2022 4:00p

P/E Ratio

34.21

Dividend Yield

N/A

Market Cap

$171.68 billion

Rev. per Employee

$2.63M

/zigman2/quotes/203558040/composite

Add to watchlist TSLA

Tesla Inc.

US : U.S.: Nasdaq

$ 846.35

+17.25 +2.08%

Volume: 44.93M

Jan. 28, 2022 4:00p

P/E Ratio

274.04

Dividend Yield

N/A

Market Cap

$832.64 billion

Rev. per Employee

$662,097

/zigman2/quotes/201531540/composite

Add to watchlist BIIB

Biogen Inc.

US : U.S.: Nasdaq

$ 225.21

+6.27 +2.86%

Volume: 1.33M

Jan. 28, 2022 4:00p

P/E Ratio

22.03

Dividend Yield

N/A

Market Cap

$32.16 billion

Rev. per Employee

$956,154

/zigman2/quotes/204413973/composite

Add to watchlist Z

Zillow Group Inc. Cl C

US : U.S.: Nasdaq

$ 47.42

+0.64 +1.37%

Volume: 5.41M

Jan. 28, 2022 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$11.87 billion

Rev. per Employee

$918,244

/zigman2/quotes/226552993/composite

Add to watchlist VALN

Valneva SE ADR

US : U.S.: Nasdaq

$ 33.60

+1.18 +3.64%

Volume: 14,414

Jan. 28, 2022 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.71 billion

Rev. per Employee

N/A

/zigman2/quotes/200304487/composite

Add to watchlist AZN

AstraZeneca PLC ADR

US : U.S.: Nasdaq

$ 59.30

-0.22 -0.37%

Volume: 5.04M

Jan. 28, 2022 4:00p

P/E Ratio

93.59

Dividend Yield

2.31%

Market Cap

$183.34 billion

Rev. per Employee

$362,602

/zigman2/quotes/203048482/delayed

Add to watchlist UK:AZN

AstraZeneca PLC

UK : U.K.: London

8,767.00 p

-69.00 -0.78%

Volume: 3.34M

Jan. 28, 2022 4:35p

P/E Ratio

93.38

Dividend Yield

2.31%

Market Cap

£136.91 billion

Rev. per Employee

£282,763

/zigman2/quotes/210407078/delayed

Add to watchlist YM00

E-Mini Dow Continuous Contract

US : U.S.: CBOT

$ 34,576.00

+533.00 +1.57%

Volume: 310,810

Jan. 28, 2022 3:59p

/zigman2/quotes/209948968/delayed

Add to watchlist ES00

E-Mini S&P 500 Future Continuous Contract

US : U.S.: CME

$ 4,419.75

+102.00 +2.36%

Volume: 2.18M

Jan. 28, 2022 4:00p

/zigman2/quotes/210219788/delayed

Add to watchlist NQ00

E-Mini Nasdaq 100 Index Continuous Contract

US : U.S.: CME

$ 14,430.25

+443.50 +3.17%

Volume: 866,826

Jan. 28, 2022 3:59p

/zigman2/quotes/209723049/delayed

Add to watchlist CL00

Crude Oil Continuous Contract

US : U.S.: Nymex

$ 87.29

+0.68 +0.79%

Volume: 419,868

Jan. 28, 2022 4:59p

/zigman2/quotes/210189548/delayed

Add to watchlist NG00

Natural Gas Continuous Contract

US : U.S.: Nymex

$ 4.69

+0.41 +9.50%

Volume: 248,586

Jan. 28, 2022 4:59p

/zigman2/quotes/210598269/delayed

Add to watchlist DXY

U.S. Dollar Index (DXY)

US : U.S.: ICE Futures U.S.

97.22

-0.04 -0.04%

Volume: 0.00

Jan. 28, 2022 4:59p

/zigman2/quotes/210598128/delayed

Add to watchlist XX:000300

CSI 300 Index

XX : China Securities Index

4,563.77

-56.10 -1.21%

Volume: 12.65B

Jan. 28, 2022 3:00p

/zigman2/quotes/210597971/delayed

Add to watchlist JP:NIK

NIKKEI 225 Index

JP : Nikkei

26,717.34

+547.04 +2.09%

Volume: 0.00

Jan. 28, 2022 3:15p

/zigman2/quotes/210599654/delayed

Add to watchlist XX:SXXP

STOXX Europe 600 Index

XX : STOXX

465.55

-4.78 -1.02%

Volume: 0.00

Jan. 28, 2022 11:03p