On this day of 2015, the SNB (Swiss National Bank) discontinued the minimum exchange rate of 1.20 EUR/CHF...
This "quasi-peg" level never got revisited. Meanwhile, the 0.95 new support level does not seem to hold. Today we trade at 94 cents and many traders do have 90 cents in mind. And even much lower levels... Good luck... Source chart: Brian Reutimann
JPMorgan $JPM reported earnings
EPS of $4.84 beating expectations of $4.11 Revenue of $43.7B beating expectations of $41.7B Jamie Dimon added … “two significant risks remain. Ongoing and future spending requirements will likely be inflationary, and therefore, inflation may persist for some time. Additionally, geopolitical conditions remain the most dangerous and complicated since World War II” Source: App Economy Insights
SP500 companies’ revenue per worker.
Source: Eugene Ng on X, BofA
Net Worth of the World's Richest People as of January 2025.
Source: RankingRoyals @RankingRoyals on X·
Since 1950, the S&P 500 has had an average intra-year drawdown of -13.6% but is still up 11.6% per year annualized.
No Risk, no Reward. Source: Peter Mallouk @PeterMallouk
Siegfried Back on an Important Level
Siegfried (SFZN SW) is currently retesting the July 2024 breakout level at 943.50, which was also the 2021 top. The stock has also entered a strong demand zone between 917-991. Keep an eye on the price action over the next few days for potential opportunities. Source: Bloomberg
⚠️The market is pricing in just ONE Fed rate cut for 2025. This is down from nearly 5 rate cuts expected in September.
Great Chart: @AugurInfinity, Global Markets Investor
The first quarter of FY 2025 produced a deficit of $710.9 Billion.
That’s $200B more than the first quarter of fiscal 2024, or a 39% increase YoY. The US is now running a ~$3 TRILLION annual deficit...
