As of Sept. 2024, Tesla led global BEV market share at 18%, down from 19% in 2023, per EV Volumes.
BYD rose 9 points since 2021 but may shift focus to hybrids in 2025. Legacy automakers like VW and Geely held 7-8%. In 2023, 14M EVs sold, but 84% of cars were non-electric. Source: Statista
Why Most People Will Never Be Rich
Source: Seek Wiser
90% chance BOJ hikes next week.
Source: Michael J. Kramer @MichaelMOTTCM on X, Bloomberg
The insight from John Exter’s pyramid underscores the unseen layers of risk in financial flows, urging a broader consideration beyond balance sheets in investment decisions.
Amidst flaws in the financial system, gold offers liberation from credit and government risks and currency devaluation. As sovereign debt defaults loom and trust in public institutions to solve economic and societal issues shrinks, investors will more and more focus on asset with no counterparty risks like gold Source: Capitalizing on Gold’s Positive Tailwinds in 2024 : Hard Assets Alliance
BREAKING: The US budget deficit hit a massive $711 BILLION for the first 3 months of Fiscal Year 2025.
This is ~$200 billion, or 39%, higher than in the same period last year. The deficit reached $2.0 TRILLION for the full calendar year 2024, up $248 billion YoY. Also, deficit spending rose from 6.4% to 6.9% GDP in 2024. Such a high percentage has never been seen outside of wars or major economic crises. Source: The Kobeissi Letter
China is, by far, the largest exporter.
Source: Jason Smith @ShangguanJiewen on X
Over a third of the S&P 500 is now concentrated in the "Magnificent Seven" stocks, up from a fifth of the index two years ago.
Source: Charlie Bilello
Will we see a short-covering rally in bonds?
In case you missed it: - $TLT short interest is near RECORD highs, while... - TLT has seen massive outflows Bond market shorts are about to get squeezed. A rally in bonds could be bullish for stocks. Source: Subu Trade
