A record number of Americans are taking hardship withdrawals from their 401k.
The figure has nearly doubled over the last four years. 40% of these hardship withdrawals are to avoid foreclosure. Source: Nick Gerli, Wall Street Journal
It is about missing the best days, not missing the worst days.
Source: Eugene NG
Yesterday's hot CPI prints shows that headline inflation is sticky around the 3% level.
Source: Lyn Alden, FRED
78% of equity options throughout the world were traded in India last year.
Look at this growth since the onset of Covid! Source: Barchart
Who are Europe's GRANOLAS?
Novo Nordisk $NVO LVMH $LVMUY ASML $ASML Nestlé $NSRGY L'Oréal $LRLCY SAP $SAP Roche $RHHBY AstraZeneca $AZN Novartis $NVS Sanofi $SNY GSK $GSK Source: App Economy Insights
More crypto rich...
According to a report by Kaiko Research, BTC’s latest rally is creating about 1500 millionaire wallets daily. However, despite the increase in Bitcoin (BTC) millionaire wallets, Kaiko Research notes that the number of millionaire wallets created daily during the 2021 bull run was closer to 4000, more than double the current number. According to Kaiko Research, low millionaire wallets could be due to the lack of new capital. The report notes, ‘In 2021, there was a huge influx in capital as all manner of bull sought to benefit from the crypto hype. This time around, whales could be taking a more cautious approach, waiting to see if the gains have legs before investing.‘ https://lnkd.in/eabkjiHh
US inflation looks sticking, at least decline in the US headline CPI is stalling since Jun 2023.
In Feb, CPI rose by 0.4%MoM, both overall & excluding energy & food. Prices for services in particular increased, reflecting rising wage costs. High inflation rate in Jan was not an outlier. Source: Bloomberg, HolgerZ
What's the difference between a marketplace, an aggregator, and a platform? A lot...
Source: CJ Gustafson
