The global debt crisis: Total world governments' debt hit a whopping $315 trillion in Q1 2024, a new all time high.
In Q1 alone, total global debt increased by $1.3 trillion. At the same time, emerging markets debt hit $105 trillion, rising by ~$50 trillion in just a decade with the biggest increase in China. Across developed markets, the US and Japan have added the most debt. Currently, the global debt-to-GDP ratio has surged to 333%, just below a record high of 362% in 2021. Debt is becoming the global "solution." Source: The Kobeissi Letter
France 10y risk spread over Germany keeps rising. Jumps to 62bps.
Source: HolgerZ, Bloomberg
2024 is a year with an extremely busy election agenda. Don't believe in all what they say..
Source image: Asif Majid
Apple $AAPL closed up 7.26% with its market cap increasing by ~$214 Billion today 🍏
Source: Evan
Apple is #2 again with a market cap of $3.17tn after Tuesday's AI rally.
Source: Bloomberg, HolgerZ
The US is adding almost $100B of deficit PER WEEK
Source: Geiger Capital
🚨WORLD'S LARGEST BANK, ICBC, CALLS ETHEREUM "DIGITAL OIL"
ICBC: “Ethereum has been continuously upgrading its technology in terms of security, scalability and sustainability, providing technical power for the digital future. In addition, the introduction and development of stablecoins provide a bridge for the digital currency market to connect to the real world.” ICBC described Ethereum as the “digital oil.” Being Turing-complete and having its own programming language, Solidity, allows developers to deploy complex smart contracts and dApps. This has made Ethereum the mainstay in inventive new fields such as NFTs and DeFi “and is gradually extending to the physical infrastructure network.” Source: Crypto News Flash thru Mario Nawfal
Goldman Sachs on the mixed impact of corporate stock splits
“Share prices typically rise after a firm announces a stock split. In theory, there is no change in the underlying value of a company when it splits its stock. However, empirically, the academic literature has generally found positive announcement effects around stock splits. We consider a sample of 46 Russell 1000 firms that completed stock splits since 2019. On average, these stocks generated a 4 pp excess return vs. the equal-weight S&P 500 in the week following stock split announcement. However, the stock price did not evidence a clear reaction after the stock split took effect. In addition, because many companies announce stock splits alongside earnings releases, it can be challenging to know how much of the stock rallies are due to the stock split as opposed to strong earnings results”. Source: Goldman Sachs
