Investing lesson from Peter Lynch
Source: @MnkeDaniel on X
Since its inception in 1999, the Euro has lost 40% of its purchasing power.
To put this into perspective: 1 Euro today can only purchase about 60% of what it could back in 1999. Source: Relai 🇨🇭
The most interesting question going into next week is whether the US economy is picking up.
Did it start with the release of the June data? Is this going to frustrate a September rate cut? The Bloomberg Surprise Index (see chart below) bottomed on July 5, the nonfarm payroll release date. Since then, it has been trending higher. The move higher over the last five days (one business week) has been the biggest since September 2021 (bottom panel). Source: Jim Bianco, Bianco Research
That was the highest weekly close in over 30 months for both Small-cap Growth and Small-cap Value
Source: J-C Parets
Nasdaq 100 QQQ ETF just hit the upper band of the long-term rising channel (monthly chart).
Is it due for a deeper correction now? Source: Trend Spider
Some wild figures...
$NVDA Source: Aakash Gupta
What is happening in Poland is nothing short of economic wonder.
Standard of living in Poland overtaking Spain and Italy within just one generation is amazing. Source: Michel A.Arouet, IMF
Speculators have ramped up their bets against long-dated US bonds due to the rising prospects of Trump 2.0.
Source: Bloomberg, HolgerZ
