Mark Zuckerberg sold nearly half a billion dollars of Meta shares in the final two months of 2023 after a 2y hiatus in which the company’s stock price hit its lowest in seven years
The Meta CEO sold shares on every trading day between Nov. 1 and the end of the year, unloading nearly 1.28mln shares for ~$428mln. On average, each sale took in $10.4mln. Source: Bloomberg, HolgerZ
How the economy works... An over-simplistic but accurate chart
Source: Markets & Mayhem
The Druckenmiller Recession indicator continues to plummet
Source: Win Smart, TS Lombard
GLOBAL WAGES
Source: Win Smart, Genuine Impact and The Daily Shot
Luxury watch prices in the secondary market have collapsed
In less than 2 years, the price has declined by more than 35% WatchCharts Market Index tracks secondary watch market price trends It consists of 60 watches from the top 10 luxury watch brands, which are sorted and weighted by transaction value The index tracks the price movement of these watches in USD over time And is rebalanced every year on 1st Jan. Source: Game of Trades
The government debt maturity wall
Bloomberg thru Jeroen Bloklan / M_McDonough
MAP OF THE DAY: Sometimes, a picture is worth a thousand words. Container ships heading toward Europe and/or North America, with almost all avoiding the Red Sea (red)
More than two weeks after the launch of US-led 'Prosperity Guardian', the Houthis still rule in the Red Sea. Source: Javier Blas
Remember, nearly all of the S&P 500 ETF's $SPY gains since its inception have come from the day after down days. A good reminder after the two red days we've seen to start the year
Source: Bespoke
