U.S. Banks have fallen to an all-time low against the S&P 500
Source: FT, Barchart
For the first time in years, crypto markets are beginning to see tons of new liquidity
Since November 2022, crypto markets have added $600 billion in value. That's a +75% jump in one year while Bitcoin is up +120% over the last year. This comes after years of consistent outflows from crypto markets. Source: The Kobeissi Letter
This has happened ONLY 2 times in the last 75 years. In the US, savings as a % of income is now contracting, indicating that people are find it VERY hard to save
The last 2 contractions happened in: - 2008 - 2020 High interest rate + high debt is a MAJOR problem for people Source: Game of Trades
Microsoft $MSFT has joined Apple $AAPL as the 2nd individual company that has a bigger market cap than the combined market cap of all stocks in the small-cap Russell 2,000:
Source: Bespoke
Moody’s cuts U.S. credit outlook from stable to negative. Will markets just shrug it off on Monday?
Source: Trend Spider
The growth rate of capital being poured into retail money market funds (MMFs) is at its highest level in several decades
Retail MMFs recently surpassed $1.6 trillion; a record high. Source: Koyfin @KoyfinCharts
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has announced plans for a challenge focused on generative artificial intelligence
The winners is set to receive a total of Dh1 million ($272,290) amid the emirate's shift towards the future economy. The Global Prompt Engineering Championship will be held in May next year at Dubai’s Museum of the Future. In the context of AI, a prompt refers to a specific request made to a language model such as ChatGPT, which can in turn provide a response or solution for a user. Source: The National News
200+ years of US interest rates…
The Long View @HayekAndKeynes
