Who will be right?
BoA hedge fund clients around record low (to 2008) 4-wk net buying flows. Institutions also have been big sellers, while retail at record highs. Neil Sethi @neilksethi
US power demand
@zerohedge
JUST IN 🚨
Hong Kong Dollar Funding Cost plunges by largest amount since the Global Financial Crisis Source: Bloomberg, Barchart
🔴 XAI AND PALANTIR PARTNER TO ACCELERATE AI IN FINANCIAL SERVICES
▶️ xAI has partnered with Palantir to drive AI adoption in the financial services sector, focusing on developing AI-driven solutions for businesses. The partnership, unveiled on May 6, extends an earlier collaboration with TWG Global. The collaboration aims to implement AI to enhance growth and operational efficiency, especially in the financial sector, by using "modular AI agents" tailored to specific business needs. AI’s integration at the C-suite level is key to its success, according to both companies, as they seek to unlock AI’s full potential in financial operations. Source: PYMNTS thru Mario Nawfal
Ships sailing from China to US hits 2 week high.
But Long Beach was supposed to be a ghost port... @zerohedge
Here's an intraday composite of the S&P 500's action on the last eight Fed Days
Bulls will be rooting for a reversal of this trend today. Source: Bespoke
Rising smoke is coming out from Bundestag (image courtesy from HolgerZ on X))
German Lawmakers back CDU/CSU's Merz in 2nd Bundestag vote w/325 votes out of 630 lawmakers. ✔️ Friedrich Merz was elected as Germany’s chancellor in a second-round parliamentary vote on Tuesday, after failing to secure the necessary support earlier in the day. ✔️Merz needed at least 316 of the 630 members of parliament to vote in his favor. He received 325 votes. ✔️The German Dax stock market index pared losses after the result of the second vote
China is back buying gold
Source: zerohedge, Bloomberg
