Taiwan Semiconductor is trading at a political discount, which is unlikely to narrow after the election of the China-critical candidate Lai Ching-te.
Source: Bloomberg, HolgerZ
What are you watching this week?
• Tuesday: $GS, $IBKR, $MS. • Wednesday: $DFS, $PLD, $SCHW. • Thursday: $TSM. • Friday: $ALLY. Source: Earnings Whispers
Fund flows do not sound "risk-on" at all...
Money Market Funds have seen inflows of $163 billion over the first 2 weeks this year, the highest amount EVER 👇 Source: BofA, Win Smart
Inflows into the 10 new bitcoin ETFs hit +$1.4 billion over 2 days.
Subtracting GBTC's outflows of -$579m we get a net inflow of +$818.9m into the 10 new vehicles. People rotating out of GBTC into the others & Grayscale selling BTC are behind the price dump despite the inflows. Source: Joe Consorti, Bloomberg
URANIUM GOING PARABOLIC as prices surges above 100 for the first time since 2007 and reaches its most overbought level in history...
Source: Barchart
China skeptic Lai Ching-te wins Taiwan’s presidential election
Ruling-party candidate Lai Ching-te emerged victorious in Taiwan’s presidential election, a man Beijing has labeled an “instigator of war”, in a vote that has enormous geopolitical implications across not just the Taiwan Strait, but between the US and China, too. Lai’s victory represents an unprecedented democratic milestone: the 1st time a political party in Taiwan has won a 3rd straight presidential election. Kuomintang or KMT, Beijing’s preferred political partner, gained roughly 33% of the vote. Beijing has repeatedly labeled Lai as a “stubborn worker for Taiwan independence” and a dangerous separatist. There are also fears this could in turn influence frosty China-U.S. relations and security in the broader Indo-Pacific region. Source: HolgerZ, Bloomberg, CNBC
This is indeed the case...
Source: Markets & Mayhem
moneylaudering using usdollar vs. using bitcoin
Source: United Nations Office on drugs and crime, Global investigation review, www.zerohedge.com
