Global investors holding $70 trillion in wealth are the biggest underserved candidates for private alternative assets.
Global investors holding $70 trillion in wealth are the biggest underserved candidates for private alternative assets. At a glance: -> Many wealthy investors want to increase their holdings of private alternative assets, with between $8 trillion and $12 trillion in household funds available for such assets. private equity firms and asset and wealth managers are eager to expand their business with individuals. -> For this market to thrive, the current model must evolve into a robust digital system that can efficiently support individual investors at scale. -> Five business archetypes are emerging to overcome the current barriers of high administrative costs, illiquidity, a difficult collateral process for lending, and high minimum investment size. -> The largest wealth and asset managers will likely catalyze developments and can seize a first-mover advantage. Other firms can thrive as challengers or fast followers. Find out more in the Bain & Company research note attached. Grégory Garnier Sound: Bain & Company
The $1.35tn US junk bond market has shrunk by 13% since all-time peak
High-yield market contracts 13% from 2021 peak amid fears of false signals about American economy’s health.
A steep rise in interest rates since early last year has helped deter companies from selling new bonds, while several companies have climbed out of the high-yield market into investment grade territory. The spread has simultaneously widened out to 4.05% from roughly 3%.
Source: Financial Times
80% of stocks in the SP500 are now above their 50-DMAs
80% of stocks in the SP500 are now above their 50-DMAs. Looking at this breadth reading across sectors, it's cyclicals surging and defensives lagging behind. Source: bespoke
Skin in the game matters
Source: Compounding Quality
The probability of a July 26 rate of 25 basis points to 5.25% to 5.50% barely moved
Despite the better-than-expected CPI report today, the probability of a July 26 rate of 25 basis points to 5.25% to 5.50% barely moved. The market is strongly expecting a hike in two weeks. Source: Jim Bianco
The swissfranc rises to strongest against the dollar since 2015
The swissfranc rises to strongest against the dollar since 2015 after weaker than expected US inflation data. Source: HolgerZ, Bloomberg
Fidelity's new research about bitcoin
"The monetary policy is set in code and unlikely to ever change. Simply put, Bitcoin's monetary policy is not dependent on or impacted by politics or external economic factors." Source: Documenting bitcoin
More bullish signs on bitcoin.
Bitcoin HODLers remain in a regime of accumulation, continuing to absorb coins at a rate of +27.1K BTC / Month. Only 11.5% of Bitcoin supply left on exchanges, lowest in over 5 years. Source: Glassnode