BREAKING 🚨: The "Yen carry trade unwinding risk" is unwinding
Japanese Yen has fallen through the 150 level against the U.S. Dollar for the first time in 2.5 months Source: Barchart
😱 The shocking chart of the day: CHINESE DEBT SIZE IS ABSOLUTELY MIND-BLOWING😱
China's debt-to-GDP ratio hit a MASSIVE 366% in Q1 2024, a new record. Since 2008, the ratio has more than DOUBLED. Breakdown: Non-Financial Corporates: 171% Government: 86% Households: 64% Financial Corporates: 45% Even with this huge debt, China cannot achieve a 5% GDP growth target. How much additional leverage do they need to boost growth? And at what cost? Source: Global Markets Investor, IIF, Wells Fargo
$NVDA back at all-time highs, but now trading 16% cheaper on a trailing P/E basis. ☕️
Source: Trend Spider
Is "America's exceptionalism" too much of a crowded trade?
Watch out The Economist cover below 👇
Gold hits a new all-time high 👇
Source: Barchart
🚨THIS HAS HAPPENED ONLY 3 TIMES AFTER THE GREAT FINANCIAL CRISIS🚨
US corporate executives of the S&P 500 companies have been buying the least stock since the start of the 2021 bear market. Chart: @jasongoepfert thru Global Markets Investor
With a market cap of $3.4 trillion, Nvidia is trying to catch the entire value of Japan's Nikkei 225 index.
Source: Jeff Weniger
Bitcoin ETFs have crossed $20b in total net flows (the most important number, most difficult metric to grow in ETF world) for first time after huge week of $1.5b.
For context, it took gold ETFs about 5 years to reach same number. Total assets now $65b, also a high water mark. Source: Eric Balchunas, Bloomberg
