The gold-to-S&P 500 ratio is now near 4-year highs.
Source: Bloomberg, Crescat Capital
Interesting list
Source: QE Infinity
Mastercard Back on Swing Support Zone
Mastercard (MA US) has consolidated 11% since its last swing high. The stock is now back on the major support zone between 499.92-521. The long-term trend remains very strong. Keep an eye on the price action for potential opportunities. Source: Bloomberg
BREAKING
Germany's conservatives have agreed on a much-debated multibillion-euro financial package for defence and infrastructure (and on the country's €1,000bn debt plan) with the centre-left Social Democrats and the Green party, dpa learns. As a result, German 10y yields have jumped to 2.93%. Source: HolgerZ, Bloomberg, DPA
Here is a great theory on Trump’s plan originally proposed by @leadlagreport:
Source: Steve Burns @SJosephBurns
European Banks have crushed the Mag 7 since the start of 2022.
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Riskier credit markets are starting to respond more significantly to the dislocation in US equity markets
Spreads on high-yield bonds rose the most since August yesterday. They're still relatively low on a historical basis, but the trajectory is catching many people's attention. Source: Lisa Abramowicz @lisaabramowicz1, Bloomberg
Another bear coming?
That would be three bears in 5 years, something we've never seen before. The previous closest three bears ever was 6.9 yrs between 1966 and 1973. Source: Ryan Detrick, Carson
