JP Morgan Chase consolidation breakout ?
JP Morgan Chase (JPM US) is showing signs of a breakout ! Since July stock has consolidated more than 10% and tested major support 144 a few days ago with success. Keep an eye at volume. Source : Bloomberg
Apple rebound or retest of 160 ?
Apple (AAPL US) is back on support zone 172-176. Will it be able to rebound on this support zone or if not next support level could be 160 (represented by January 2022 downtrend consolidation). Source : Bloomberg
Yes I know it is an easy one...
Source: coingecjo, TeongH_SR
2022 global military budgets hit an all-time high of $2.2 trillion
When you combine the military budgets of the US and China, it surpasses the combined budgets of all other countries in the world! By Genuine Impact / Chris Quinn
Cartoon humor
Source: hedgeye
Disinflationary forces are fading right now in Germany
Wholesale prices rose 0.2% MoM in August, after 4 consecutive months of declines. Prices of mineral oil products rose markedly (+6.9%) compared w/July 2023. More headaches for the ECB? Source: Bloomberg, HolgerZ
Templeton just filed application for a Bitcoin spot ETF
Here's the list of Institutions which have filed for a bitcoin spot ETF (assets under management in brackets) -> Total assets managed is $17.7 trillion - BlackRock ($10T) - Fidelity ($4.5T) - Franklin Templeton ($1.5T) - Invesco Galaxy ($1.5T) - WisdomTree ($87B) - VanEck ($61B) - GlobalX ($40B) - ARK Invest ($14B) - Bitwise ($1B) - Valkyrie ($1B) Asset manager Franklin Templeton applied with the United States Securities and Exchange Commission on Sept. 12 to launch a spot Bitcoin exchange-traded fund (ETF).
OIL PANIC?
As shown on the chart below (courtesy of TME), big golden crosses can lead to much bigger outsized oil moves than what we are seeing now… This is becoming problematic for equity markets. As explained by Goldman, "rallying rates and commodities are derailing the goldilocks soft landing scenario. The uncomfortable combination of rallying oil and US long end breaking up is disrupting this equilibrium and triggering a rotation into the “persisting inflation & sticky rates” narrative, adding pressure on equities and valuations". (GS sales desk)
