All eyes are on Tesla, $TSLA, this week: Tesla is expected to report Q4 2024 deliveries of 504,000 this week, according to Kalshi.
This would mark an ~8.9% increase from the 462,890 vehicles delivered in Q3 2024. If Tesla does in fact report over 500,000 deliveries, it would mark a new quarterly record for the company. Tesla is now the 8th largest company in the world by market cap and worth ~$1.4 trillion. Can Tesla extend its historic run this week? Source: The Kobeissi Letter
BREAKING: Tether has burned over $1 billion overnight—their largest single burn in history. This marks the 4th major burn in 10 days.
Source: Jacob King
BREAKING: FTX begins repaying $16 BILLION to creditors on January 3, 2025.
Expect major liquidity injections. Bullish for Bitcoin ? Source: Crypto Rover @rovercrc
The Japanification of China: This has to be a contender for the chart of 2024 (30y bond yields).
Source: Albert Edwards
Germany’s Dax index ended the year 2024 with a 18.85% gain after 20.3% rally in 2023
meaning the German benchmark index concluded its biggest 2-year run in more than a decade, even though Germany's GDP shrank in 2023 and probably also in 2024. 👉 SAP, Siemens Energy and Rheinmetall are among top performers. 👉 Chinese competition and lagging demand weigh on automakers. Source: Bloomberg, HolgerZ
The US Treasury's annual interest expense surpassed $1.117 trillion this year — making it the second-largest government expense.
At the current issuance schedule & interest rates, it will surpass Social Security at $1.46 trillion in 2025 to become the largest government expense. Source: Bloomberg, Joe Consorti
Next year, $3.08 trillion in US Treasury notes and bonds—about 12% of the total—will mature.
At current rates of ~4.46%, rolling this debt would raise the interest expense 54% over the current average coupon of 2.88%. That is an extra $48.7 billion in annual interest expense. Source: Bloomberg, Joe Consorti
In the US, buying a home in 2024 costs 42% more than renting one
Source: John Burns Research
