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
There is a website tracking the German Bitcoin losses in real time:
https://lnkd.in/eU_icc8x Source: Carl B Menger on X
Bitcoin has decoupled from its strong correlation with tech overall in the last two weeks...
Source: Bloomberg, zerohedge
This is not a Trump trade but rather a "soft landing trade" => Stocks have rallied on the prospects of a soft landing for the economy
Source: Edward Jones
Stocks have rallied on the prospects of a soft landing for the economy">
Stocks have rallied on the prospects of a soft landing for the economy">
Long Magnificent 7" has been the most crowded trade among investors for 16 months straight, even after the recent drop.
This is according to 71% of 242 global fund managers polled by Bank of America. This percentage is up from 69% and 52% in June and May Source: BofA, The Kobeissi Letter
The Japanese Yen is up against the US dollar to its strongest level since mid-June.
The USD-JPY currency pair is down over 3% since Thursday after hitting a 38-year high following another round of intervention by Japan’s Ministry of Finance. Japanese authorities reportedly spent $22 billion on Thursday and Friday to prop up the yen, according to Bloomberg. This comes after Japan spent a record $62 billion to support the currency between April 26th and May 29th. Over the last 12 months, the Yen has declined by ~12% and has been the worst-performing currency of G10. Source: The Kobeissi Letter
