Global Money Market Funds All-Time High 🚨:
A record high $8.3 Trillion is parked in global money market funds according to Goldman Sachs. $5.73 Trillion of this are U.S. based funds. As global central banks cut rates, could this capital find its way back into equities? Source: Barchart
A wake-up call to start the week with Gold trading above $2,100 and digital gold aka bitcoin trading above $41,000
I do see 2 messages here: 1) Short-term: Mr Market believes Mr Powell is bluffing, i.e rate cuts are coming; 2) Long-term: dollar debasement is inevitable. Investors and central banks are looking for reserve status
Most important correlation breakdown of 2023, according to BofA:
The S&P 500 soared >19% YTD led by "Magnificent Seven" (now 30% of market cap). Tech stocks hit 100-year relative high (despite global liquidity (G3 Central Bank Balance sheet) -$1.8tn.
A BofA report shows the remarkable correlation between the Austria government 100-year bond and Ark Invest Innovation ETF
Their point: if bond yields are going "tactically" lower, "distressed tech" is set for a big rally... Source: BofA, www.zerohedge.com
Anticipation of an eventual US spot Bitcoin ETF continues to push BTC price higher
A Bloomberg's analysts assign a 90% probability of being approved by the SEC in January...
Google and YouTube continue to lead in internet traffic, amassing over 115 billion combined visits in the last month
This figure is more than triple the combined visits to Facebook's family of products, Twitter, Baidu, Amazon, and ChatGPT. Source: Beth Kindig $GOOGL $META $BIDU $AMZN $MSFT
Some investors are worried about VIX index being too low, i.e markets are too complacent
The chart below is a good reminder that a "low VIX" is a normal part of bull markets. Investors seem to always forget this. Source: Mark Ungewitter, Ryan Detrick
Ranked: Worst U.S. Companies for Employee Retention 💼
This graphic by NeoMam Studios is part of Visual Capitalist’s Creator Program, featuring work from the world’s top data-driven talent ✅
