Taiwan Semiconductor Manufacturing breaking June downtrend
Taiwan Semiconductor Manufacturing (TSM US) is breaking June downtrend. Strong volume due to Earnings. Keep an eye. Source : Bloomberg
To whom the US owes money? Mostly to themselves actually...
Source: The King's Cheque En Qua
AstraZeneca retesting April downtrend
AstraZeneca (AZN LN) is back on April downtrend. This is a retest of September breakout. Keep an eye. Source : Bloomberg
Total US debt is now up ~$650 BILLION since it crossed $33 trillion exactly 1 month ago, according to Zerohedge
Yesterday alone, total US debt jumped by another $58 billion. Total US debt has grown by ~$22 billion PER DAY for the last month. In other words, the US has added ~$915 million in debt every hour for the last month. Since the debt ceiling "crisis" ended, total US debt is up over $2 trillion. Since 2020, total US debt is officially up more than $10 TRILLION. Source: The Kobeissi Letter
JUST IN: The Value of US Distressed commercial real-eestate is approaching $80 billion, the highest level in a decade Now less than HALF the 2008 financial crisis levels
Blackstone, Brookfield and Goldman Sachs have defaulted or relinquished offices to lenders this year. Today, Pimco walked away from 20 hotels with +$240MM in debt. Over $1.5 trillion of commercial real estate loans will mature over the next 3 years. Source: Bloomberg, Genevieve Roch-Decter, CFA, Barchart
The iShares 20+ year Treasury Bond ETF (TLT) now down 51% from All-Time-High
Source: Bloomberg, HolgerZ
Gold (in yellow) vs. VIX (in green). Is gold the new 'fear index'?
It has systemically decoupled from real rates for sure. Source: Bloomberg
$NFLX Netflix Q3 FY23:
Netflix shares popped more than 12% after the closing bell Wednesday as the company reported a boost in subscriber growth driven by a password-sharing crackdown efforts and interest in its new ad-supported tier. The streaming giant added 8.76 million global subscribers during the quarter, higher than 5.49 million Wall Street had expected, according to estimates from Street Account. It’s the biggest quarterly net add total for the company since second-quarter 2020, when Netflix added 10.1 million. Source: App Economy Insights, CNBC
