Chinese stocks catching a very strong bid Monday.
The most-followed China stock index globally (MSCI China) is set to enter a bull market (note though it’s still a long way back to the top) Source: David Ingles, Bloomberg
Intervention? At 9:30 PM ET, the Japanese Yen weakened to 160 against the US Dollar for the first time since 1990.
Exactly 2.5 hours after the headlines came out, the ratio just crashed from 160.20 to 156.50. That's a ~2.5% swing in one of the biggest currencies in the world in a matter of minutes. Clearly, something is happening here and it comes just days after the Bank of Japan left rates unchanged. Did someone just intervene? Source: The Kobeissi Letter
The bonds market's inflation expectations just hit new 52-week highs.
Commodities are following the trend. Source: J-C Parets
Treasury bond issuance in 2024 is expected to hit $1.9 TRILLION.
Surpassing levels seen even during the 2008 financial crisis and 2x 2023 levels. Source: Game of Trades
Economic Growth Forecasts for G7 and BRICS Countries in 2024 🗺️
Source: Visual Capitalist
Economic Growth Forecasts for G7 and BRICS Countries in 2024 🗺️
Source: knownquotes
Quote by Jeff Bezos
Source: knownquotes
The Altman Z-score as explained by Brian Feroldi
The Altman Z-Score is a formula developed by Edward Altman in the 1960s. It is used to predict the likelihood of a company going bankrupt within two years. The Z-Score uses five different financial ratios to come up with a single number that measures the company's financial health. Altman Z-Score breaks down into five major components: • 𝗪𝗼𝗿𝗸𝗶𝗻𝗴 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝘁𝗼 𝗧𝗼𝘁𝗮𝗹 𝗔𝘀𝘀𝗲𝘁𝘀 - A measure of 𝗹𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 • 𝗥𝗲𝘁𝗮𝗶𝗻𝗲𝗱 𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝘁𝗼 𝗧𝗼𝘁𝗮𝗹 𝗔𝘀𝘀𝗲𝘁𝘀 - A measure of 𝗽𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 • 𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗕𝗲𝗳𝗼𝗿𝗲 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗮𝗻𝗱 𝗧𝗮𝘅𝗲𝘀 𝘁𝗼 𝗧𝗼𝘁𝗮𝗹 𝗔𝘀𝘀𝗲𝘁𝘀 - A measure of 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆 • 𝗠𝗮𝗿𝗸𝗲𝘁 𝗩𝗮𝗹𝘂𝗲 𝗼𝗳 𝗘𝗾𝘂𝗶𝘁𝘆 𝘁𝗼 𝗧𝗼𝘁𝗮𝗹 𝗟𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀 - A measure of 𝘀𝗼𝗹𝘃𝗲𝗻𝗰𝘆 • 𝗦𝗮𝗹𝗲𝘀 𝘁𝗼 𝗧𝗼𝘁𝗮𝗹 𝗔𝘀𝘀𝗲𝘁𝘀 - A measure of 𝗮𝘀𝘀𝗲𝘁 𝘁𝘂𝗿𝗻𝗼𝘃𝗲𝗿 𝗛𝗲𝗿𝗲'𝘀 𝗮 𝗯𝗿𝗲𝗮𝗸𝗱𝗼𝘄𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗳𝗼𝗿𝗺𝘂𝗹𝗮: (1.2 × Working Capital/Total Assets) + (1.4 × Retained Earnings/Total Assets) - (3.3 × EBIT/Total Assets) + (0.6 × Market Value Equity/Total Liabilities) - (1.0 x Sales/Total Assets) = Altman Z-Score Altman Z-Score RESULTS: 0.0 - 1.8 = Distress Zone 1.8 - 3.0 = Grey Zone 3.0 - 4.0+ = Safe Zone
