Watch out US CPI electricity today
Recent BBG article cites the recent 2x increase in electricity vs. broader inflation. Source: Bloomberg
Almost everyone is all-in on the Mag7 stocks
169 surveyed fund managers with $413 billion in assets said in August that the 'Long Magnificent 7' is the most crowded trade. Professionals, foreigners, and retail investors are heavily invested in these stocks. Source: Global Markets Investor, BofA
In case you missed it...
Russian Ruble is the best performing currency this year, up 42% against the U.S. Dollar Source: Barchart, BofA
U.S. Treasury volatility falls to its lowest level since January 2022
No Fear left in the market! Source: Barchart
Top 100 Bitcoin treasury companies hold almost 1 million Bitcoin
Source: Jason Ai. Williams @GoingParabolic
The Silver Miners ETF $SIL closed at a decade high on Friday, reaching a critical breakout level. 👇
Source: Oliver Groß @minenergybiz
Currency debasement is not a bug — it’s a feature of the fiat system.
Since Bretton Woods collapsed in 1971, not one of 152 countries has kept average inflation below 2%. Even Switzerland averaged 2.2%. Source: Global Markets Investors
The Goldman Sachs AI Leaders Basket
Consisting of the 9 leading AI stocks (semiconductors: Nvidia, TSMC), software/data center (Palantir, Oracle, Microsoft, Vertiv), and power/infrastructure (GE Vernova, Constellation, Vistra) has made 756% since ChatGPT launch in 2022, an avg of 122% per year! Source: Bloomberg, HolderZ
