#bitcoin
Source: @GeorgeGammon on X
Gold and JGBs 30y yield...
Wonder why gold was down yesterday? Japanese bond yields tumbled, as according to Reuters, Japan's Ministry of Finance (MOF) will consider tweaking the composition of its bond program for the current fiscal year, which could involve cuts to its super-long bond issuance... This was enough to fuel some profit taking on the yellow metal Source. The Market Ear
Four of Europe’s oldest industrial groups have added more than €150bn to their market caps on the back of soaring demand for data centres driven by the boom in artificial intelligence.
European makers of everything from switches to smart meters are providing the servers and infrastructure that power data centres for large language models and cloud computing, with traditional makers of electric equipment such as Legrand doubling their revenues thanks to data centres in recent years. Link to article 👉 https://lnkd.in/d8wsidBb Source: FT
SP500 200-day reclaim. Clean retest. Strong bounce.
Shorts are sweating. $SPY 🥵 Source: Trend Spider
Asia’s $7.5 Trillion Bet on US Assets Is Suddenly Unravelling
Source: Bloomberg
Elon Musk expressed dissatisfaction with President Donald Trump’s giant tax bill, which the US House narrowly passed last week, saying it undercut his efforts to slash government spending
Source: zerohedge, Bloomberg
And now watch Japanese inflation tumble...
As highlighted by zerohedge, Japan does NOT actually have high CORE inflation; it does however have soaring rice prices which have skewed inflation expectations across the population as rice is a huge component of the overall CPI basket. Meanwhile the BOJ is scrambling to contain inflation - which has tumbled ex food with real wages near record lows - and is tightening conditions by raising rates even though it has zero control over food inflation. However, as a by product of its monetary policies and strong yen, the bond market is crashing every day now... This bond crash could eventually spread to Japan's banks and global markets, sparking a global crisis. They thus need to do something. Yesterday, Japan's Ministry of Finance (MOF) said they will consider tweaking the composition of its bond program for the current fiscal year, which could involve cuts to its super-long bond issuance... This was enough to trigger a big drop in bond yields and the yen, which both came as a relief for global markets. What is happening on rice (and its deflationary consequences) is anotehr positive development Source: zerohedge, Bloomberg, Macrobond
$TSLA vs. $BYD
Battle of EV giants Battle of valuations US vs. China The first 10 years of EV were all about a revolutionary company, Tesla, that basically created the market. Could the next 10 are all about the rise (and shine) of BYD? Source: Oraclum capital on X
