In Germany, the state is investing, but companies still aren’t.
Public investment has surged to 125% of its 2019 level, while private investment has fallen to 88%. One year after “Made for Germany,” corporate spending is rising, but far too slowly to hit the €631bn target by 2028. Germany is becoming more expensive without becoming more attractive. (HT CEO Table) Source: HolgerZ
Iraq just signed 48 DEALS with US companies, including with USA oil giants to bypass the Strait of Hormuz via a new pipeline
Total deals are worth over $60 BILLION, per Reuters. Chevron, ExxonMobil, Shell and more are also involved They also involved other industries, including healthcare, communications and infrastructure. It’s not clear when the oil deals will be able to create viable alternatives to the Strait of Hormuz, through which about a fifth of the world’s oil flows. Goldman Sachs estimates that pipelines in just one country take at least two and a half years to build, and these pipelines would travel through two or more nations. Iran has sought to close the Strait repeatedly since the U.S.-Iran war began Feb. 28, causing sharp gyrations in oil and gas prices. Alternatives routes for oil will weaken Iran's main bargaining power. Will China be the big loser here? Source: AP, Al Jazeera
THIS IS HOW EXCESSIVE LEVERAGE AND SPECULATION END:
The SK Hynix long 2x Leveraged ETF, listed in Hong Kong, is down -64% from its June peak. SK Hynix shares have fallen more than -35% from their June peak. Source: Global Markets Investor
After gaining nearly 11% this year, the S&P 500 paused this week, slipping more than 1%.
But beneath the headline move, a broader rotation is underway, both across sectors and within them. Since early June, AI-driven sectors such as Technology have lost momentum, while cyclical and defensive sectors have steadily outperformed. The shift extends well beyond this week's pullback, suggesting investors are broadening exposure rather than simply reducing overall market risk. Source: Edward Jones
SpaceX $SPCX short sellers have now built a position equal to roughly one third of the company's public float, worth about $25 Billion
Source: Barchart
South Korea Stock Market volatility hits highest level in history, surpassing the Global Financial Crisis
Source: Barchart, Bloomberg
BRENT CRUDE OIL JUST JUMPED BACK OVER $90 PER BARREL
Source: Evan @StockMKTNewz Bloomberg
Hedge Funds going long oil at the fastest pace in a decade
Source: Barchart
