Xi wants some of that AI bubble cash.
Here he is shaking hands with Jack Ma after sending him in exile 4 years ago. Source: zerohedge
Alibaba Trying to Break Major Resistance?
Alibaba (BABA US) has been in a bearish long-term trend since 2020, consolidating as much as 57% from its peak. This week, there are the first signs of a breakout of the major resistance at 125.84, and volume has picked up over the past 3 weeks, which is a positive indication. Keep an eye on the price action for potential developments. Source: Bloomberg
The composition of revenue for the U.S. government has evolved significantly over the decades.
Individual income % taxes represent the largest share (49% in 2024). Payroll taxes, which support programs like Social Security, contributes to 35% of federal revenue. Corporate income taxes have decreased as a percentage of total revenue, falling from 21% in 1964 to a mere 11% in 2024. This decline reflects shifts in tax policies and economic conditions. Other revenue sources, including excise taxes, tariffs, and miscellaneous receipts, remain relatively minor. Source: vizualitiks, CBO
Honeywell Back on Swing Support Zone
Honeywell (HON US) has consolidated 17% since November but remains in a bullish long-term trend. The stock is now back on the swing support zone. Keep an eye on the price action for potential opportunities. Source: Bloomberg
Update: The US Government claims it has almost 5000 tons of Gold
but Fort Knox US Gold Reserve has not been audited since 1974, almost 50 years ago... No one has seen any of it. Source: US Homeland Security News @defense_civil25
The US is being hard on Europe.
However, the true (economic) enemy for the US is not Europe but China. As shown on the chart below by Robin Brooks, China's current account surplus in Q4 '24 is the largest ever.
The 2nd largest pension fund in the US now owns nearly $100 million bitcoin via MSTR
Source: The Bitcoin Historian on X
In France and Italy, governments impose taxes to the tune of almost 50% (!) of GDP.
In the US, that’s barely 30%. Not a fun experience for productive individuals and companies in Europe... Source: Alf Macro on X
