🔴 Scott Bessent says the U.S. should be "150, 175 bps lower" on the Fed's rate ‼️
😨 Vows to cut 50 bps at next Fed meeting. ⚠️ Bashes critics saying he can't be head of treasury and Fed at the same time - “If Elon can run two things at once, why can't I?” 🚀 🚀 🚀 Source: Coinvo
On running and Hoka continue to take market share in footwear space.
On running +449% Hoka: +209% Nike Footwear: +5% Source: fiscal.ai
What do you notice on this chart?
Source: PlotSet
It is often a very good sign when you see strong momentum & trend in a sector / segment of the market while fund flows are lagging.
This has been the case for gold miners (e.g VanEck Gold Miners ETF $GDX) - see chart below. We've seen the first significant inflow in the GDX in the last six months. Despite the great GDX performance of 45+% during this period, six-month net flows are still very negative at -$2.54B. 🪙👇 Source: Oliver Groß @minenergybiz
The us budget deficit disaster continues with renewed momentum.
Source: zerohedge through Peter Mallouk on X
⚠️This has never happened before: The NASDAQ market cap relative to US GDP hit 105%, an all-time high.
The ratio has nearly doubled since the 2022 bear market low and is now ~40 percentage points above the 2000 Dot-Com Bubble. It is also at a record relative to world GDP. Source: Global Markets Investor, econovisuals
Michael Saylor's Strategy has bought more Bitcoin than all other public companies combined 🤯
Source: cryptorank.io
Tencent on Wednesday reported a 15% jump in second-quarter revenue as a strong performance in its gaming unit and AI investments boosted growth.
The ADR is up 7% today $TCEHY Tencent Q2 FY25: Revenue +15% Y/Y to RMB185B ($25.7B). Gaming +22% Social Networks +6% Marketing Services +20% Fintech & Business +10% Weixin/WeChat: 1.4B MAU (+3% Y/Y). Capex +119% to RMB19B ($2.7B). Source: App Economy Insights @EconomyApp
