BREAKING 🚨: U.S. banks are now grappling with a whopping $515 billion in unrealized losses.
To put it into perspective, that's over 8x higher than during the 2008 financial crisis. Source: BofA, Jacob King
Data from glassnode show that some long-term BTC holders are offloading some of their bitcoins.
Long-term Bitcoin holders sold 128K $BTC, but U.S. spot ETFs absorbed 90% of the selling pressure. 🔥 Strong institutional demand is fuelling BTC’s rally, bringing it closer to the $100K milestone. 🚀💎 Source: Kyledoops
Donald Trump has said he would impose tariffs of 25 per cent on all US imports from Canada and Mexico on his first day in office (and an extra 10 per cent tariff on Chinese goods).
In social media posts, Trump accused the countries of permitting illegal immigration and drug trafficking. Trump said the new China tariffs would come on top of existing levies. He had also threatened on the campaign trial to impose “whatever tariffs are required” to stop Chinese cars from crossing into the US from Mexico. FT >>> The tariffs on the US’s three largest trading partners would increase costs and disrupt business, one expert said, adding that “even the threat of tariffs can have a chilling effect”. A former US trade official agreed the disruption would be significant, especially given the degree of integration in North American manufacturing across sectors such as the automotive industry. He added that “tariffs are inflationary and will drive up prices”.
NVIDIA WAS DOWN 4% YESTERDAY BECAUSE BLOOMBERG PUBLISHED AN ARTICLE SAYING THAT $AMZN AMAZON IS COMING FOR THEIR LUNCH
$AMZN $NVDA Source: amit
The Russell 2000 $IWM hit new ALL TIME HIGHS today for the first time in 3 years
Source: Evan
82% of Americans say it's a bad time to buy a house in late 2024.
That's the most pessimistic homebuyers have ever been about the housing market. Helps explain why homebuyer demand is so low. Source: Nick Gerli, re:venture
Amazon is spending billions to make sure it doesn’t fall behind in AI
The company’s $75 billion capital splurge shows no signs of slowing in 2025. Source: Quartr
Scott Bessent on tariffs:
"Tariffs can’t be inflationary because if the price of one thing goes up, unless you give people more money, then they have less money to spend on other things, so there is no net inflation.” Source: Geiger Capital
