Sanae Takaichi on Tuesday created history, winning Japan’s parliamentary vote to become the country’s first woman prime minister, with domestic stock markets cheering her ascendancy.
Takaichi garnered 237 votes in the first round of voting, negating the need for a runoff vote in the 465-seat Lower House, according to public broadcaster NHK. Her victory comes after the ruling Liberal Democratic Party allied with the Japan Innovation Party and reportedly signed an agreement over the weekend to form a coalition government. Takaichi agreed to back JIP policies such as a reduction in parliamentary seats, free high school education and a two-year pause on food consumption tax, according to Reuters. Source: CNBC
When AWS goes down…the fiat world breaks
Source: Neil Jacobs - FOMO21.com - Bitcoin
China is remonetizing gold
Gold Warrants on the Shanghai futures exchange are UP 25x since the beginning if the year. What is a Gold Warrant? A gold warrant on the Shanghai Futures Exchange (SHFE) is an electronic certificate representing ownership of a specific quantity of physical gold stored in an SHFE-approved delivery warehouse. They are used as the basis for physical delivery against gold futures contracts. Each standard gold warrant typically represents 3,000 grams of gold that meets exchange standards for purity and origin. Why are they surging? Shanghai gold warrants are surging due to a combination of record-breaking safe-haven demand, robust central bank gold purchases (notably by the People’s Bank of China), and intense price volatility driving investor and arbitrage activity. Source: Jim Bianco, @AndreasSteno
Should it be be called Standard & Europoor‘s 500 ?
Source: Michel A.Arouet
S&P 500 Shiller P/E (CAPE) ratio exceeded 40x, the highest level since the 2000 Dot-Com Bubble BURST.
At the same time, US households’ equity allocation jumped to ~45%, the highest EVER. This is a few percentage points above the Dot-Com Peak. Source: Global Markets Investor, TopdownChart
Interactive Brokers might be one of the most under-discussed growth stories of the last decade.
Total accounts are up nearly 20x since 2012. Interactive Brokers reported 79% operating margins for their latest quarter. 79%... Is there any company in the world with higher operating margins? Source: Fiscal.ai (formerly FinChat) @fiscal_ai
Sudden burst of optimism that government shutdown will be resolved in next few days (Polymarket)
Source: zerohedge
Only ~20% of active equity managers have outperformed their benchmarks this year.
Source: Bloomberg, Jefferies
