29 Jan 2026
South Korea is going to allow 2x single stock ETFs.
This is an effort to bring in more retail money which is largely in US stocks. This comes after the government said you have to take a training course... Source: Eric Balchunas, Bloomberg
29 Jan 2026
It looks like negative interest rates are returning to Switzerland...
Government bonds with maturities of up to 4 years are now yielding negative returns. Source: HolgerZ, Bloomberg
29 Jan 2026
Uranium on fire as it jumps to highest price since May 2024
Source: Barchart
29 Jan 2026
Tether owns 3X more gold than bitcoin.
Gold: Tether holds ~140 tons = $24B Bitcoin: Tether holds $8B in Bitcoin Source: Marin Katusa @MarinKatusa
29 Jan 2026
China only has one Silver fund and the demand is so rampant it had to shut off subscriptions so it's now at 42% premium
Source: Eric Balchunas @EricBalchunas Bloomberg
29 Jan 2026
Cyclicals keep outperforming defensives...
The message from the market on the macro cycle sems pretty clear Source: Bloomberg
29 Jan 2026
At the high end of its capex forecast ($135BN), META free cash flow in 2026 will be $0
Source: zerohedge
29 Jan 2026
Microsoft and Meta quarterly CAPEX -realised and projected
These aren’t the old MSFT and META... Source: Bloomberg, RBC
