Syz the moment

Source: Barchart

These #charts by Bank of America show that every single episode of a local peak in UST 2yr yield was followed by some risk-negative event over the past 40 years. Such episodes ranged from mild (Mexican peso crisis in Dec 1995; HY +95bp) to moderate (Asia FX crisis in Oct 1997; HY +350bp ) to severe (GFC; HY all-time wides). The lag between the peak in 2yr yield and subsequent event varies from just a couple of weeks to just over a year, with an average being 7 months. Source: BofA, www.zerohedge.com

Nasdaq has announced a "special rebalance" for the Nasdaq 100 to address the overconcentration and weight that the biggest tech companies have on the index. This is the first ever "special rebalance" carried out by the overseer of the index. Source: Bloomberg

Instagram’s "Threads" surpasses 100 million users. It just became the fastest company to attract 1 million users of any company EVER (including #ChatGPT). Source: Statista

With fiat currency, it is as simple as this... Source: Wall Street Silver

Source: Brian Feroldi

As we enter the us 2Q earnings season, the least we can say is that the bar is low (in terms of expectations) which means that we could see beats on an aggregate level. Goldman Sachs: " Consensus estimates for 2Q growth since the beginning of April have been cut from -6% to -9%." Source: GS, TME

The United States is the country with the most of wealth in the world. In fact, seven countries account for 69% of the world's wealth. These seven countries are the United States, China, Japan, Germany, the United Kingdom, France, and India. Source: Genuine Impact