The US Bond Market has now been in a drawdown for over 50 months, by far the longest in history.
Source: Charlie Bilello
⁉️WHO OWNS THE US PUBLIC DEBT⁉️
~33% of the $35.7 trillion federal debt is held by government funds, including Social Security and the Fed. Over 25% is owned by foreign governments with the most held by Japan and subsequently China. ~15% is held by mutual investment funds. Source: Global Markets Investor
Since the launch of ChatGPT, the 6 biggest tech companies have added $8.2T in market value.
Nvidia added the most, with more than $2.5B! $NVDA $MSFT $META $AAPL $AMZN $GOOGL Source: Bloomberg Opinion, The Future Investors
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
