Bridgewater tells investors it is “moderately bullish” on Chinese stocks as the prolonged rout made valuations attractive, a call made days before the country’s latest stock meltdown
Source: Bloomberg
EV sales are projected to grow 21% this year to 16.7 million vehicles, with China commanding nearly 60% share in Bloomberg’s outlook
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Bitcoin Halving in Just 80 Days 🤔
Ever wondered where Bitcoin was 80 days before in the previous Halvings ? - In 2016, BTC was -62% below its ATH - In 2020, BTC was -52% below its ATH - In 2024, BTC is currently -42% below its ATH So, even if it seems like Bitcoin's price isn't moving much, it's following a similar pattern to previous cycles. Source: Mags
The key role played by central banks liquidity, as highlighted by Matt King
Many seem surprised by the new record highs in the S&P, given an ambiguous outlook and a backdrop of supposedly tight rates. They are a lot less surprising when you consider that central banks' balance sheet policy has been remarkably easy. Over the past 14 months, the Fed alone has added nearly $500bn, and global central banks over $1.25tn, in liquidity. Source: BofA
THE SUPER ELECTION YEAR: 2024 is seeing national elections in more than 60 countries worldwide
Around 2 billion voters - approximately a quarter of the world's population - are expected to be heading to the polls this year. 2024 has been dubbed a super election year or even the biggest election year in history - aided by closely watched elections in populous countries like United States, Mexico, India and Indonesia, among others, that will be going ahead this year. Source: Statista
It's official: markets are no longer expecting a FED rate cut in March 2024.
There's still a ~42% chance of rate cuts beginning in March, but this is a major shift in expectations. Just two weeks ago, markets saw a 90% chance of rate cuts beginning in March. Odds of rate cuts beginning at next week's Fed meeting are now down to ~2%. We are still seeing ~150 bps of interest rate cuts priced-in to futures. But, Fed pivot hopes are slowly pulling back. Source: The Kobeissi Letter
Netflix adds 13.1 million subscribers, tops revenue estimates as membership push gains steam
KEY POINTS -> Netflix added 13.1 million subscribers during the fourth quarter. The company now has 260.8 million paid subscribers. • Subscribers +13M Q/Q to 260M. -> The company also topped Wall Street’s revenue expectations. • Revenue +12.5% Y/Y to $8.8B ($0.1B beat). • Operating margin 17% (+10pp Y/Y). • EPS $2.11 ($0.11 miss). -> Q1 FY24 Guidance: • Revenue +13% Y/Y. • Operating margin 26%. Source: App Economy Insights, CNBC
Tesla is reporting results tonight?
Who wants to play $TSLA earnings call bingo? 😂 Source: Markets & Mayhem
