Breaking news:
Officially, Gary Gensler’s five-year term on the commission does not run out until 2026, but it has become customary for SEC chairs to move on when the US presidency changes hands. https://on.ft.com/4fzNwtJ Source: FT
The similarity between the Dollar rise since the election and what happened in 2016 is uncanny.
In both cases, the Dollar was by this point closing in on a 4% rise, with an ultimate rise of around 6% by the end of the year. So - if 2016 is a guide - there's another 2% to go now. Source: Robin Brooks
⚠️NVIDIA MOMENTUM IS FADING⚠️
Nvidia announced it expects revenue of $37.5 billion in Q4 which is $400 million above average expectations. $400 million was the SMALLEST beat in at least 2 years. By comparison, the Fiscal 2Q 2024 sales expectations were beat by $3.8 BILLION. Source: Global Markets Investor
Schwab CEO Says He "Feels Silly" For Not Buying Crypto;
Announces that Schwab Will Enter Spot Crypto Markets. Source: Bloomberg, Matthew Sigel on X
15% of Micro Strategy $MSTR float is still short...
Source: www.zerohedge.com
A tweet by Elon Musk
#doge Source: Elon Musk on X
JUST IN: US Senator Cynthia Lummis outlines Strategic Bitcoin Reserve plan: "purchase 200k BTC per year for five years. 1m BTC total."
Source: Bitcoin Magazine
US HOUSING AFFORDABILITY HAS NEVER BEEN WORSE
84% of US consumers believe it is a bad time to buy a home, near the most on record. The share is greater than in the 1980s when rates were sky-high and as much as 20% versus 4.5% now. House prices are also near record highs. Source: Global Markets Investor
