Another poor US Treasuries auction yesterday.
This was the trigger that pushed yields higher (despite oil prices crashing -6%...) Bond yields no longer have much to do with how strong/weak the economy is. It’s all about deficits, high government spending, and huge Treasury auctions. Source: QE infinity
Of the 100 largest companies (the S&P 100), there are 25 who are trading for more than 50x reported earnings.
Meantime, there are zero companies trading for less than 10x earnings. Source: Jeff Weniger
US equities Bull markets go on longer than many of us think they will.
Source: Carson, RBC
With oil at $68, Russian FX reserves at/near all-time highs while Russian foreign debt, in USD, at 12+ year lows...
Source: Macrobond
Just in 🔉 Reuters sources: China's leading legislative body weighs approval of new fiscal package exceeding 10 trillion yuan ($1.4 trillion dollars) on November 8
Sources: China intends to approve raising new 10 trillion yuan debt through special treasury and local government bonds in upcoming years. fiscal plan to allocate 6 trillion yuan for local government debt and up to 4 trillion yuan for idle land and property acquisition. China could unveil enhanced fiscal measures if trump secures U.S. presidency.
U.S. Dollar dominates global payment network swift
Source: Statista
Walking into work this morning with $BTC trading above $71,000
Source: Trend Spider
Investing is risky. Not investing is riskier.
Source: Brian Feroldi
