This chart from Eurasia Group's Top Risks 2024 Report shows how far Americans' trust in institutions has eroded
And the chart gives a feel for the upcoming election campaign, which is unlikely to be a trust-building measure. And should Trump win, he 'would take steps to consolidate exec power, weaken checks & balances, & undermine the rule of law,' the authors write. Source: HolgerZ
Mapped: The Top Middle East Exports by Country
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The average price of a used Tesla has declined 18 months in a row
moving from a record high of $67,900 in July 2022 to a record low of $36,661 today (-46%). $TSLA Source: Charlie Bilello
Money is flowing out of China for the first time in over 25 years
Source: AnilVohra1962, Safe, Macrobond, Clock Tower
Bitcoin $BTC Spot ETFs could trade at an 8% premium relative to the underlying asset warns GTS market maker Reggie Browne
Source: Barchart
Tokyo CPI down again supports BOJ dovish stance for now
Source: Bloomberg
A new all-time-high for Nvidia $NVDA up +6.4% on the day
The chart looks rather bullish with an ascending triangle breakout as the weekly MACD begins to cross to the upside... The big news of the day was Nvidia planning to begin mass production of its AI chips designed for China that comply with U.S. export rules starting in Q2 - Reuters Source chart: Jake Wujastyk
Grayscale Bitcoin Trust $GBTC traded close to half a billion on Monday
which is more than 99% of the 3000 current ETFs, and reminder that they are bringing a (volume) gun to a knife fight if they launch with everyone else. That said, the 1.5% fee will act as a repellent at a time when the big asset managers plan to launch spot BTC ETF at 0% or super low fees. Source: Eric Balchunas, Bloomberg
