Over the next several weeks, governments from the US, UK and the eurozone will start flooding the market with bonds at a clip rarely seen before
Saddled with the kind of bloated deficits that were once unthinkable, these countries — along with Japan — will sell a net $2.1 trillion of new bonds to finance their 2024 spending plans, a 7% increase from last year, according to estimates from Bloomberg Intelligence.
FASTEST easing of Financial Conditions in HISTORY
Source: WinSmart, BofA
Total return bond analysis update
Source: Althea Spinozzi, Saxo, Bloomberg
Is Taiwan risk the biggest risk for the economy and financial markets in 2024? See below a scary chart by Bloomberg
Source: Bloomberg
Speculators have built the largest nasdaq long position in history according to CFTC data
Positioning remains a short-term issue for equity markets. Source: Barchart
Interesting tweet by X Safety with regards to yesterday evening fake news around bitcoin spot etf approval by SEC
A bit worrying as well… let see what internal investigation will reveal
The Magnificent Seven have a larger market cap than any country's entire stock market except the US
Source: Barchart
BREAKING: Japan's Nikkei 225 stock index rises above 34,000 for the first time since March 1990. Breakout from a 30-year base!
- Breakout + test from 30-year base (blue circle) - Successful test of 2nd base (purple circle) - $NIKKEI now trading at 34-year high - Still below ATH recorded in 1989 - Yen is undervalued by ~40% on PPP-basis (source: ) Along with hitting a fresh 33-year high, Japan's stock market is now up 120% from its low in 2020. Both technology and health care stocks have been the main drivers. Recently, Warren Buffett began betting on a recovery of Japan's economy. Japan is back in a bull market.
