Honeywell Back on Swing Support Zone
Honeywell (HON US) has consolidated 17% since November but remains in a bullish long-term trend. The stock is now back on the swing support zone. Keep an eye on the price action for potential opportunities. Source: Bloomberg
Update: The US Government claims it has almost 5000 tons of Gold
but Fort Knox US Gold Reserve has not been audited since 1974, almost 50 years ago... No one has seen any of it. Source: US Homeland Security News @defense_civil25
The US is being hard on Europe.
However, the true (economic) enemy for the US is not Europe but China. As shown on the chart below by Robin Brooks, China's current account surplus in Q4 '24 is the largest ever.
The 2nd largest pension fund in the US now owns nearly $100 million bitcoin via MSTR
Source: The Bitcoin Historian on X
In France and Italy, governments impose taxes to the tune of almost 50% (!) of GDP.
In the US, that’s barely 30%. Not a fun experience for productive individuals and companies in Europe... Source: Alf Macro on X
Short Interest in China is now at an all-time high!
Source: Subu Trade
European Stocks see largest weekly inflow in more than 2 years 🚨
Source: Barchart
"Biggest macro imbalance in the world is the chronic undervaluation of China's Yuan. "
"China's trade surplus - once you look at goods net of commodities (blue) - was the largest ever in 2024. This is why tariffs on China will keep going higher after an already large 10% tariff..." Source: Robin Brooks
