More or less in tandem: US 10y yields and WTI oil price
Source: Bloomberg, HolgerZ
Is wage pressure in the US here to stay?
A highlighted by Tavi Costa, the word "strike" recently surged to record levels on Google trends. This surge implies a growing pressure among workers to secure improved compensation deals with their employers. Labor strikes are becoming a regular occurrence in society, reminiscent of their prevalence in the 1970s. The rising cost of living is placing significant pressure on wages to rise. Source: Crescat Capital, Google Trends
The world's best investors
Source: Compounding Quality / Chris Quinn
Anti-obesity drug is the new luxury...Novo is Europe's biggest company
Source: TME, Refinitiv
The largest automakers in the world by market cap
As highlighted by Oktay Kavrak, CFA, the largest US firm is only number 10. There is also an interesting (still relatively unknown) newcomer: VINFAST, a car brand from Vietnam. The stock is up nearly 700% since going public on the Nasdaq and - at least briefly - became the 3rd biggest automaker in the world and at one point was worth more than Boeing, Disney and Goldman Sachs. What is also notable is that VINFAST is not profitable yet. Moreover, the number of cars is still pretty low: 24,000 in 2022 (vs. millions for the more traditional automakers or Tesla). Source Chart: Leverage Shares
Novo Nordisk flag breakout
Novo Nordisk (NOVOB DC) is breaking out 3 weeks continuation flag pattern. Volume is above average volume. Source : Bloomberg
EU watchdog monitors surge of cash going into biodiversity funds
The surge in money going into biodiversity funds is the "next frontier" of ESG investing and warrants increased monitoring to avoid greenwashing, the European Union's securities regulator said.
The cumulative flow of money into biodiversity funds reached 854 million euros ($931 million) in the two years to June 2023, with 73% of the funds launched since 2022.
Source: Reuters
JPMorgan Chase approaching double support zone
JPMorgan Chase (JPM US) is approaching October 2022 uptrend support and July breakout level. Keep an on 143.50-145.50 zone for support. Source : Bloomberg
