"....the selloff in US bonds is driving yields higher everywhere, including in economies where the growth outlook hasn’t improved.
Of course, this second point isn't hard to explain. US Treasuries act a generic riskfree asset for the global financial system. When US yields move higher, it creates pressure on bonds everywhere." - TS Lombard, Perkins thru The Market Ear
Markets do not like interest rate uncertainty: Stocks and long-term bonds have declined for 5-straight weeks, the longest streak in at least 13 months.
During this period, the S&P 500 ETF, $SPY, has fallen 4.2% to the lowest since November 6th, a day after the Presidential election. At the same time, the popular bond tracking ETF, $TLT, has dropped 9.1% to the lowest since May 2024. Source: The Kobeissi Letter, Bloomberg
Donald Trump’s inauguration will include a “Crypto Ball,” with technology industry leaders celebrating him as "the first crypto president”.
Here's an extract from Brave New Coin: 👇 "In a move that blends politics and technology, Washington D.C. will host the inaugural “Crypto Ball” on January 17, 2025, in honor of the inauguration of Donald J. Trump as the first "crypto president." The event, poised to be one of the most exclusive celebrations in political history, is set to take place at the historic Andrew W. Mellon Auditorium, a venue befitting the occasion's grandeur and significance. The Crypto Ball is being spearheaded by David Sacks, Trump’s newly appointed AI & Crypto Czar. Known for his deep ties to Silicon Valley and the venture capital world, Sacks’ involvement underscores the administration’s commitment to embracing blockchain technology and digital innovation. This gala event serves not only as a celebration of Trump’s return to the presidency but also as a declaration of intent for a pro-crypto agenda in the United States. Tickets to the event are as exclusive as the concept itself. General admission starts at $2,500, but the true allure lies in the VIP and private packages. For $100,000, VIP guests gain access to exclusive networking opportunities with leading figures in the crypto space. Meanwhile, a $1 million private dinner package with Trump himself offers unparalleled access to the president—a rare opportunity for those deeply invested in shaping the future of the blockchain industry. The event is being sponsored by some of the biggest names in the crypto world, including Coinbase, MicroStrategy, and Galaxy Digital. Their sponsorship not only highlights their support for a crypto-friendly administration but also signals a broader alignment between the private sector and public policy under Trump’s leadership. MicroStrategy’s Michael Saylor, a long-time advocate for Bitcoin, and Coinbase CEO Brian Armstrong are expected to attend, cementing the event’s stature as a convergence point for the world’s crypto elite. As part of the evening’s program, attendees can expect keynote speeches from Trump and Sacks, celebrating the administration’s vision for integrating blockchain technology into national policy. News reporting suggests that President Trump will sign pro-crypto executive orders on day one of his administration, Rumors also hint at the unveiling of a government-backed digital currency initiative, potentially revolutionizing the global financial landscape. Musical performances and an array of high-tech showcases will punctuate the evening, blending entertainment with cutting-edge demonstrations of blockchain applications". Source: Brave New Coin
Donald Trump is expected to issue executive orders on the first day of his presidency regarding Bitcoin and crypto
— The Washington Post
ELON MUSK BUYING RIGHTS TO TIKTOK?
Chinese officials are evaluating a potential option that involves Elon Musk acquiring the US operations of TikTok if the company fails to fend off a ban - Bloomberg thru Evan on X
Did powerlines cause the Los Angeles wildfires?
Edison International stock, $EIX, the parent company of Southern CA Edison, is currently crashing. It's now down -30% since the fires began, erasing $10 BILLION of market cap. Could this be the next big bankruptcy? Source: The Kobeissi Letter
The Age of Robots is Here
(post on X by Lin @Speculator_io ) 👉 Humanoids $TSLA Tesla $XPEV Xpeng $XIACF Xiaomi $HYMTF Hyundai 👉 Logistics $SERV Serve Robotics $AMZN Amazon $SYM Symbotic $AUTO AutoStore 👉Robotics Software $NVDA NVIDIA $PTC PTC 👉 Sensors $OUST Ouster 👉 Healthcare Robotics $ISRG Intuitive Surgical $SYK Stryker $MDT Medtronic $ARAY Accuray 👉 Industrial Robotics $HON Honeywell $TER Teradyne $LECO Lincoln Electric 👉 Robotics Automation $ROK Rockwell Automation $ABBN ABB $ZBRA Zebra Technologies $CGNX Cognex $PATH UiPath $PEGA Pegasystems 👉 Defense Robotics $AVAV AeroVironment $KTOS Kratos $LMT Lockheed Martin $NOC Northrop Grumman $BA Boeing $GD General Dynamics 👉 Consumer & B2B Robotics $IRBT iRobot $XIACF Xiaomi $RR RichTech Robotics 👉 Specialized Robotics $OII Oceaneering $FARO FARO Technologies
Are Insurance stocks set to collapse?
LA wildfires have officially spread over 40,000 acres with INSURANCE LOSSES crossing $20 billion. Since the market closed on Friday, ESTIMATED DAMAGES have TRIPLED to $150 billion. Insurance, power company, and other corporate bankruptcies could emerge from this. As seen with the PG&E bankruptcy in 2019 after the Camp Fire disaster, these events can create economic ripple effects. E.g many bonds will be downgraded to "Junk" rating in the near future. Could LA wildfires cause an economic ripple effect? Source: The Kobeissi Letter
