Diageo Rebounding on Major Support
Diageo (DGE LN) has consolidated more than 40% since January 2022! The stock has tested the major swing support zone between 2139-2427, and we are now seeing strong demand coming in. Keep an eye on this level. Source: Bloomberg
Xi's economic adrenaline shot is only buying China a little time
Source: Bloomberg
The US Money Supply grew 2.2% over the last year, the biggest YoY increase since September 2022.
The return of money printing? Source: Charlie Bilello
📢 CHINESE INVESTMENT FIRMS CAN NOW BORROW FROM CENTRAL BANK TO BUY STOCKS.
WILL WE SEE A TRUE RECOVERY OF CHINESE STOCKS OR WILL IT BE ANOTHER FALSE START? Source: Radar
Not a bad week for Dr Burry who is heavily invested in China stocks Alibaba $BABA, Bidu $BIDU and JD.com $JD...
Note that another big bet from Burry - Shift4 payments $FOUR - has also been doing great recently... Source: Guru Focus, Yahoo Finance
US stocks recorded only small gains yesterday as investors were cold feet by weak consumer confidence numbers
*U.S. SEPTEMBER CB CONSUMER CONFIDENCE SINKS TO 103.0; EST. 105.5; PREV. 108.7 *THIS WAS THE LOWEST LEVEL SINCE MAY 2023 Source: www.investing.com
UPDATE 🚨: Silver hit the highest price in more than a decade
Source: Barchart
Gold is just relentless: another day, another record high (4th in row) yesterday, up 30% on the year to $2662.
This is gold's best YTD performance this century! Source: www.zerohedge.com
