ALERT: Buffett’s cash allocation is at 30% of Berkshire Hathaway’s total assets Such an elevated cash position has NEVER been seen
Source: Bravos Research
Remember when the Bitcoin ETF first came out in January?
The talk was we would get an initial rush, and then it would level off. Exactly the opposite is happening. Flows are massively accelerating. Source: @EricBalchunas, Fred Krueger @dotkrueger
European automotive sector is facing deep crisis
• Demand for cars in EU has stalled and may never return to pre-pandemic levels • Outlook for exports has darkened amid US tariff threats and low Chinese demand Source: Agathe Demarais on X, Bloomberg
UPDATE >>> Elon Musk's AI company, xAI, has secured priority access to Nvidia's GB200 Blackwell deliveries scheduled for January 2025 by agreeing to pay a premium
$NVDA
⚠️US QUITS RATE IS FALLING QUICKLY⚠️
The quits rate, the % of workers voluntarily exiting their jobs fell to 1.9% in September, the lowest since June 2020. Americans are increasingly depending on their current jobs as the hiring pace has declined. Data for October is due today. Source: Global Markets Investor
SPACEX SHOOTS FOR THE MOON WITH $350B VALUATION
Elon's rocket empire might be worth more than Portugal's entire GDP. SpaceX is floating a tender offer that would launch its valuation to a mind-bending $350 billion—up from last month's mere $255 billion price tag. This astronomical jump would make SpaceX not just the most valuable startup on Earth, but worth more than many Fortune 500 companies. For context, they were "only" worth $210 billion earlier this year. Source: Mario Nawfal Source: Bloomberg @SpaceX
China trades at a 40% discount to India. Is this more a China discount or an Indian premium?
Source: Bloomberg, David Ingles
BREAKING 🚨: China
Chinese Yuan plunges to its weakest level against the U.S. Dollar in more than 12 months Source: Barchart
