Straight from the Desk
Syz the moment
Live feeds, charts, breaking stories, all day long.
- All
- us
- equities
- Food for Thoughts
- macro
- Bonds
- Central banks
- Asia
- sp500
- markets
- investing
- technical analysis
- bitcoin
- inflation
- interest-rates
- europe
- Crypto
- Commodities
- ETF
- tech
- AI
- nvidia
- performance
- earnings
- Forex
- geopolitics
- gold
- Real Estate
- oil
- bank
- apple
- nasdaq
- Volatility
- Alternatives
- emerging-markets
- energy
- magnificent-7
- switzerland
- sentiment
- tesla
- trading
- ESG
- Money Market
- France
- Middle East
- UK
- assetmanagement
- meta
- russia
- bankruptcy
- Turkey
- amazon
- ethereum
- FederalReserve
- Industrial-production
- microsoft
- africa
- Healthcare
- Market Outlook
- brics
- Focus
Warren Buffett's Berkshire Hathaway invested a total of $814 million in 3 home builder companies during the 2nd quarter. Those investments include D.R. Horton $DHI, Lennar $LEN, and $NVR
Warren Buffett’s Berkshire Hathaway on Monday unveiled an $814mn investment in three US housebuilders, a bet on a sector that has benefited from dearth of supply. Berkshire disclosed it had purchased 6mn shares of DR Horton, worth about $726mn at the end of the second quarter, as well as 152,572 shares in Lennar and 11,112 shares of NVR. Shares of housebuilders and companies who service the industry have rallied this year after a difficult 2022 during which higher interest rates crimped demand. However, while higher mortgage rates have cooled the pace of existing homes sales, new homes sales have remained surprisingly robust owing to the limited supply.
We will know about the Grayscale SEC outcome TODAY at around 11am EST (Grayscale Bitcoin Trust has filed to convert its Trust into spot bitcoin etf)
Only a small fraction of cases have taken longer to get decision. So odds are pretty good. See below: Source: Bloomberg, Eric Balchunas
Japan GDP grew 6%, handily beating expectations on robust exports - but domestic demand disappoints
Japan Q2 GDP improves to 1.5% QoQ vs 0.8% expected and 0.1% prior, meaning Japan grows 6.0% on annualized basis, far more than expected (+2.9% yoy). However, some details of the report weren’t as impressive as the headline. As pointed out by analysts in CNBC report, nearly all of the increase in output was driven by a 1.8%-pts boost from net trade. That marked the second-largest contribution from net trade in the 28-year history of the current GDP series, with only the bounce back in exports from the first lockdown at the beginning of the pandemic providing a larger boost. Exports rebounded 3.2% from the previous quarter — largely driven by the spike in car shipments — while imports plunged 4.3% over the time period. Source: Bloomberg, HolgerZ, CNBC
The cost of timing the market
Source: Elements / Visual Capitalist
Investing with intelligence
Our latest research, commentary and market outlooks