For those who wonder why the German economy is so important for global Macro...
As shown below, their weakening economy will impact the rest of Europe. Source: Michel A.Arouet, The World in maps
Over and over and over again.
Source. Peter Mallouk
BREAKING: Super Micro Computer stock, $SMCI, has now been halted 3 TIMES and is down 13%.
This comes just minutes after the US Justice Department announced a probe into the company. $SMCI recently delayed their 10-K filing for FY2024. The company said additional time is needed "to complete assessment of its internal controls over financial reporting." Source: The Kobeissi Letter
BCA's Marko Papic (@Geo_papic) sees Chinese monetary & fiscal stimulus as a "fairly big deal": "This is Beijing’s 'Whatever It Takes' moment.
Effectively, Beijing has reached a point where the policy focus shifts from guarding against moral hazard to guarding against political risks." He bets, that we are at the start of a major rotation out of US assets. Source: HolgerZ, Bloomberg
Warren Buffett's 14 Financial Rules of Thumb:
Source: The Investing for Beginners Podcast @IFB_podcast
Hilarious. $BABA
Source: TrendSpider
Mag 7 v. 2000s tech Bubble
Source: Stocktwits
China keeps giving. Another rate cut today >>>
*PBOC CUTS 14-DAY REVERSE REPO RATE TO 1.65% FROM 1.85% Meanwhile, Chinese stocks going vertical Source: Bloomberg, David Ingles
