There is now a huge divergence between semiconductors share price index and semis monthly sakes
Source: Mac10
The $VIX ended the day at 13.33, its lowest weekly close since January 2020
Source: Charlie Bilello
What moves stock prices
Source: Brian Feroldi
Asset size
Source: JC Parets
Chile Central bank cut its key rate by 100bps!
Here we go ! The Banco Central de Chile (BCCh) is the first central bank to kick off easing cycle! The Chilean Central Bank made a surprising move by cutting its key interest rate by 100bp to 10.25%, surpassing market expectations of a 50bp reduction. The decision was unanimous, and the BCCh hints at further rate cuts in the near future. This move comes as inflationary pressures ease rapidly, and economic activity weakens. Despite recent challenges, the CLP (Chilean Peso Spot) has shown resilience this year, benefiting from reduced political uncertainty. Policymakers aim to support the #economy amidst deteriorating #sentiment and economic activity. The minutes scheduled for August 14 will provide further insights into the central bank's outlook. Source : Bloomberg
Grayscale to SEC: Don’t grant ‘prejudicial first-mover advantage’ for bitcoin ETFs
Grayscale Investments wants the US Securities and Exchange Commission to know that the latest wave of prospective spot bitcoin ETF issuers should not have an upper hand over the crypto-focused asset manager.
Approving certain proposals before others would give the first funds an “unfairly discriminatory and prejudicial first-mover advantage,” a lawyer representing Grayscale wrote in a Thursday letter to the SEC. The company sued the US securities regulator last year after the SEC denied its attempt to convert the Grayscale Bitcoin Trust (GBTC) to an ETF.
Source: Blockworks
The gap in valuation discount between US and European equities has never been wider
Source: TME, Sanford Bernstein
As a reminder...
Source: Mac10
