Why is the Fed expanding its balance sheet again (QE)?
The stock market is at an all-time high. Credit spreads are near all-time lows. And inflation has been above the Fed's target level for 62 consecutive months, averaging over 4% per year since 2019. So why is the Fed expanding its balance sheet again (QE)? Source: Charlie Bilello
Which company will ultimately benefit the most from Trump's trip to China?
Source: TrendSpider
Another day, another new high for JGBs yields... Countdown to more BOJ QE as JGBs go bidless.
Source: zerohedge
Fed IRP (Interest Rate Probabilities) is telling us ~¾ of a hike is priced in for Dec2026.
August of 2024 the market was expecting 10 cuts… Source: Bloomberg, RBC
Nvidia H200 cloud Tensor Core GPUs pricing has gone vertical, up 56% in just three days.
What stands out is that H200 pricing is now trading above the B200, despite the B200 being the more capable GPU. In a thin and illiquid market, it’s entirely plausible that a fund (hedge fund ?) could push up supply pricing at a cost of ~$50K per day to influence short-term moves in far more liquid AI-related equities. Source: Brandon Carl
Is there a trade here? Crude and the dollar have never been this positively correlated.
Source: Bloomberg, RBC
Google $GOOGL now has a $467.6 Billion revenue backlog up from $92.4B in the same quarter last year.
Source: Evan on X, Fiscal.ai
Tether is accumulating gold at a pace that rivals central banks
Tether purchased 6.5 tonnes of gold in Q1 2026, bringing total holdings to a record 132 tonnes. Over the last 6 quarters, Tether has purchased ~73 tonnes of gold in total, surpassing China's central bank purchases of ~49 tonnes over the same period by nearly +50%. Tether's gold holdings have more than DOUBLED over the last 12 months. In 2025, Tether acquired more gold than every central bank except Poland. Tether is now competing directly with central banks for gold. Source: Global Markets Investor
