Geopolitical risk: Cash is NOT your friend - source: Christian Ryberg Jørgensen, M.Sc.
While you might find the headlines ugly or scary, data show that staying in cash is NOT a winning strategy. As the old adage says: "It t is time in the market, not timing the market, which wins in the long run". Source: JP Morgan, Christian Ryberg Jørgensen
Ferraris are becoming increasingly popular among younger buyers, with the CEO of the luxury automaker revealing that 40% of new buyers are now under the age of 40.
That reflects a significant upswing from just over 18 months ago, when Ferrari’s chief said the figure stood at 30%. The Maranello, Italy-based manufacturer is well known for keeping a tight rein on the production of its cars, seeking to maintain the brand’s promise of exclusivity. Indeed, as of last year, nearly three-quarters of all Ferraris were sold to existing customers. Famously, founder Enzo Ferrari once said that the company would “always deliver one less car than the market demands.” Source: CNBC
The gold-to-S&P 500 ratio is now near 4-year highs.
Source: Bloomberg, Crescat Capital
Interesting list
Source: QE Infinity
BREAKING
Germany's conservatives have agreed on a much-debated multibillion-euro financial package for defence and infrastructure (and on the country's €1,000bn debt plan) with the centre-left Social Democrats and the Green party, dpa learns. As a result, German 10y yields have jumped to 2.93%. Source: HolgerZ, Bloomberg, DPA
Here is a great theory on Trump’s plan originally proposed by @leadlagreport:
Source: Steve Burns @SJosephBurns
European Banks have crushed the Mag 7 since the start of 2022.
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Riskier credit markets are starting to respond more significantly to the dislocation in US equity markets
Spreads on high-yield bonds rose the most since August yesterday. They're still relatively low on a historical basis, but the trajectory is catching many people's attention. Source: Lisa Abramowicz @lisaabramowicz1, Bloomberg
