The sp500 is now 3% above the level it was at when The Fed first hiked #rates in March 2022...
The #sp500 is now 3% above the level it was at when The #Fed first hiked #rates in March 2022...
U.S. federal judge’s ruling that XRP—the token powering the Ripple network—is not a security in certain contexts
Following a U.S. federal judge’s ruling that #XRP—the #token powering the #Ripple network—is not a security in certain contexts, a sea of green has emerged across popular #altcoins, with top coins up double-digit percentages over the past 24 hours. XRP itself is up a colossal 62% as of writing upon the news–which has seen an uproar from the self-proclaimed “XRP army” all throughout Twitter—trading above $0.76, according to data from CoinGecko. Select other altcoins, some of which were previously deemed securities by the U.S. Securities and Exchange Commission (SEC), have also benefited from the rising tide. Solana (SOL) has roared upwards with a 17% gain on the day, marking a sizable 32% increase on the week, changing hands at around $26, according to CoinGecko. Source: Decrypt
More disinflation in the offing: US PPI slowed to 0.1% YoY in June, from 0.9% in May and lower than expected
More disinflation in the offing: US PPI slowed to 0.1% YoY in June, from 0.9% in May and lower than expected. This is smallest pace since Aug 2020 and is down from the all-time high of 11.7% YoY from March 2022 in a promising sign for CPI. Source: Bloomberg, HolgerZ
Mega caps often looked at as a monolith but that can be misleading …
Mega caps often looked at as a monolith but that can be misleading … for those below via Bloomberg, share price changes and margins are quite different, while Tech is not sole sector represented (Cons Discretionary and Comm Services are included in “Super 7”). Source: Liz Ann Sonder
Tesla holds the undisputed leadership position among #electriccar companies based on market capitalization
Tesla holds the undisputed leadership position among electric car companies based on market capitalization. However, this year, BYD has surpassed Tesla to become the world's top-selling EV brand. Source: Genuine Impact
Artificial Intelligence through the decades - how did we get there?
Source: Forbes, Goldman Sachs
The S&P 500 is now 3% higher than where it was when the Fed started hiking rates in March 2022. $SPX
Source: Charlie Bilello
The easy part is over for disinflation as disinflationary base effects are behind us
The easy part is over for disinflation as disinflationary base effects are behind us. The MoM CPI now needs to be lower than 0.2% for #inflation to continue moving lower. Source: BofA
