This is truly historic: China’s 30-year government bond yield has dropped below Japan’s 30-year yield for the first time ever.
Over the last 4 years, China’s bond yield has declined by a whopping 215 basis points. This comes as China’s economy has slowed and experienced 6 straight quarters of deflation, the longest streak since 1999. At the same time, Japan’s bond yield has risen 160 basis points as inflation has picked up in the country. In the past, Japan had seen 3 decades of economic stagnation and had suffered 25 years of deflation starting in the 1990s. Is China entering its own "japanification" economic phase? Source: The Kobeissi Letter, Augur Infinity
The AI value chain
Source: Oguz O. | 𝕏 Capitalist
Nvidia $NVDA carried the S&P 500 $SPX in 2024
The AI leader drove 22% of the index’s total gains. Apple $AAPL, Amazon $AMZN, and Meta $META added another 19% combined. Broadcom $AVGO chipped in nearly 5%. These 5 companies powered almost half of the index's 2024 returns. Source: Carbon Finance
Interesting observation from GMO thru Callum Thomas:
"Since 1957, the 10 largest stocks in the S&P 500 have underperformed an equal-weighted index of the remaining 490 stocks by 2.4% per year. But the last decade has been a very notable departure from that trend, with the largest 10 outperforming by a massive 4.9% per year on average.“ It’s rare and bubbly for the top stocks to outperform like this! Source: Thomas Callum, GMO
BREAKING: The Canadian dollar is flying after reports that Prime Minister Trudeau is to announce resignation as early as Monday
Source: Reuters, Bloomberg
Tom Lee of FundStrat just said, "We expect something around $250,000 for Bitcoin in 2025."
That’s a +155% move from here. Is it possible or too bold of a take? 🤔 $BTC Source: Trend Spider
WALL STREET ANALYSTS' S&P 500 MEDIAN TARGET FOR 2025 IS 6,600
Wall Street expects a 12% increase in the S&P 500 in 2025. As shown by blue bars, Wall Street always projects positive years. This is despite declines in 2000-2002, the 2008 Financial Crisis or 2022. Source: Global Markets Investor, Bloomberg
Don't try to time the market:
Source: LPL research through Brian Feroldi
