This chart is $IEI iShares 3-7 years Treasury Bond ETF / $HYG iShares iBoxx $ High Yield Corporate Bond ETF
Clearly not indicating any major credit risk! Maybe the market isn’t pricing in a credit crisis because there isn’t one to price in... Source: @cfromhertz on X
China trade surplus soared to $1 Trillion on Pre-Trump exports
👉 China’s trade data in December beat expectations by a large margin, with exporters continuing to frontload shipments as worries over additional tariffs mount, while the country’s stimulus measures appear to be supporting demand in the industrial sector. 👉 Exports in December jumped 10.7% in U.S. dollar terms from a year earlier, beating expectations of a 7.3% growth in a Reuters poll. That compares with a 6.7% growth in November and a spike of 12.7% in October. 👉Imports rose 1.0% last month from a year earlier, reversing from the contraction in the preceding two months. Analysts had forecast imports to fall 1.5% on year. That compares with a bigger drop of 3.9% in November and 2.3% in October. Source: Bloomberg, CNBC
The $TLT chart shows a significant 52% decline from its peak, highlighting the harsh effects of increasing rates.
Investing in long-duration US Treasuries is advisable only under specific circumstances: - When a recession is on the horizon. - When inflation is quickly slowing down. Currently, neither of these scenarios is unfolding. Source: Kurt S. Altrichter, CRPS® on X
BREAKING: The difference between the S&P 500’s earnings yield and BBB-rated corporate bond yield has dropped to -1.9%, the lowest in 15 years.
Excluding a brief period in 2009, this is the lowest level in 23 years. The gap has fallen by 4 percentage points over the last 5 years as US interest rates have risen sharply. In other words, less risky investment-grade corporate bonds now pay a higher yield than S&P 500 companies' profits relative to their stock prices. This metric suggests the market may be overvalued. Can this gap continue to widen? Source: Bloomberg, The Kobeissi Letter
Putting flows into perspective
gold (in black) vs. bitcoin (in orange) etf inflows per year since launch. Source: Bitwise
The CEO of Nvidia has a legendary LinkedIn profile:
Source: Brew Markets @brewmarkets
TRUMP'S NEW CABINET: A DIVERSE MIX OF POLITICS AND BUSINESS.
Nice infographic by The Epoch Times. thru Mario Nawfal on X Trump's second administration introduces a cabinet of varied backgrounds, including former Democrats and business leaders. Robert F. Kennedy Jr., a former Democrat, joins after endorsing Trump and navigating political backlash from his family. Tulsi Gabbard, once a progressive Democrat, now champions conservative causes alongside the administration. This team blends political outsiders with seasoned operatives, shaping a cabinet that reflects Trump's unconventional approach. Source: The Epoch Times https://lnkd.in/exsmcfen
If you started dollar cost averaging in 2017 with just $25 a week, your $10,450 invested would have returned:
⛏️ Gold: $16,770.50 🏦 Stocks: $15,339.39 🔥 Bitcoin: $123,386.57 Disclaimer: Past results do not guarantee future returns Source: Bitcoin Magazine
