China’s Strategic Shift: Gold Up, Treasuries Down
In the past 5 years, their U.S. Treasury holdings have plunged from ~$1.1T to ~$760B. Meanwhile, their gold reserves have soared from ~1,850 tons to over 2,200 Source: Andrew Wells, Bloomberg
This is what American exceptionalism looks like.
There are 1,873 billion dollar companies in the US. Japan is a distant second with 404 billion dollar companies. Followed by India with 348. Source: Visual Capitalist
When you think bonds are safe...
This is not a sh*tcoin... This is Apple bond maturity 2060. Drawdown from peak to through is Source chart: Lawrence McDonald, Bloomberg
Some of their first business cards.
Source: Jon Erlichman @JonErlichman
Don't forget... There is more than $7 trillion in money market funds right now.
Fresh dry powder on the side-lines... Source: The Market Ear
It’s time to stop looking at real yields to determine gold price...
Source: Michel A.Arouet
Recession fears are falling very quickly
On April 2nd, betting markets put the odds of a 2025 recession at nearly 70% Source: Bravos Research
Only 6% of Robinhood's revenue from stock trading, down from 25% five years ago.
The remainder comes from: Interest Revenue: 31% Cryptocurrency: 27% Options: 26% Other: 10% $HOOD Source: FinChat @finchat_io
