The price of credit default swaps on U.S. Government Debt is rising to its highest level since 2023 and one of the highest levels since 2008 🚨
Source: Barchart
Institutional investors have rarely been this BEARISH on the US Dollar:
Nearly 20% of fund managers, 174 fund managers with $458 billion in assets, surveyed by BofA said they are underweight the US Dollar, the most in 19 YEARS. Is the US Dollar heading even lower?
WARREN BUFFETT'S BERKSHIRE HATHAWAY JUST FILED A 13F UPDATING HIS PORTFOLIO FOR Q1'25.
Adds: $POOL, $STZ, $DPZ, $OXY, $SIRI, $VRSN Exits: $NU, $C Reductions: $CHTR, $DVA, $COF, $BAC, $TMUS, $FWONK HERE’S A LOOK AT ALL HIS HOLDINGS: Source: Wall St Engine on X
JUST IN 🚨: Japan's 40-year bond yield just jumped to 3.47%, its highest level in 2 decades
Source: Barchart
Japan’s economy shrank for 1st time in a year, highlighting how fragile it is—even before feeling full effects of Trump’s tariffs.
Japan’s inflation-adj GDP fell by 0.7% in Q1 annually. That’s worse than economists expected—they had predicted a smaller decline of 0.3%. Source: Bloomberg, HolgerZ
$MRNA Moderna falls to its lowest closing price since the onset of Covid
Shares down more than 95% since the 2021 all-time high - absolute collapse Source: Barchart
📢 MICHAEL BURRY HAS SOLD EVERY SINGLE STOCK HE OWNED.
HE DID START A NEW POSITION IN ESTEE LAUDER THATS HIS ONLY CURRENT POSITION 😨 Michael Burry didn’t just trim his longs. He loaded up on PUTS. 🔴 He’s betting against: • $NVDA (900k shares) • $BABA, $PDD, $JD, $BIDU (China) • $TCOM ‼️ Nearly 50% of his portfolio is a short on $NVDA alone. The Big Bear is back🐻 Source: GURGAVIN on X, Michael Burry Stock Tracker
In case you missed it
US Core PPI fell to 2.4%, lower than expectations 👀It is the lowest MoM print since April 2020 lockdowns Here are the PPI details 🥶🥶🥶 PPI MoM: -0.5% vs 0.2% exp. PPI YoY: 2.4% vs 2.5% exp. PPI Core YoY: 3.1% vs 3.1% exp. Source: Mike Zaccardi, CFA, CMT 🍖
