4 Jun 2024
Two clear indications yesterday that the US economy is (finally) slowing down:
1) ISM Manufacturing New Orders rolling back over to 45.4 vs survey of 49.4; 2) Atlanta Q2 GDPNow dropped to 1.8% from 2.7% last week. And down from 4.2% in mid May... Source: Bloomberg, AtlantaFed
4 Jun 2024
Interesting technical development for the uranium mining stocks with the $URA ETF trading at a 10-year high while sector leader Cameco $CCJ is trading at a new all-time-high.
Source: J-C Parets
4 Jun 2024
Psychology of candlestick in one image courtesy of Market Insights
Source: Market Insights
4 Jun 2024
Bitcoin is growing faster than the internet.
Source: Vivek⚡️
4 Jun 2024
Low-volatility regimes can last longer than you think.
Source: Mark Ungewitter
3 Jun 2024
Germany has the shortest average working hours of any advanced economy, with the annual figure falling 30% in the past 50 years and now a quarter below US levels, per FT.
Source: unusual_whales, FT
3 Jun 2024
As expected, OPEC+ agreed to extend its oil supply cuts, delegates said, as the group continues its efforts to avert a global surplus and shore up prices.
The so-called “voluntary” cuts from key members including Saudi Arabia and Russia, which total roughly 2 million barrels a day and were set to expire at the end of June, will continue until the end of 2024, delegates said, asking not to be named because the talks were private. Source: Bloomberg
3 Jun 2024
There's always a smart-sounding reason to sell
Source: Brian Feroldi
