The outcomes of reshoring are already becoming apparent.
Thanks to chipact, the US can benefit from Taiwan Semiconductors $TSMC knowhow in Mobile processors on their home turf. TSMC Arizona is shipping wafers now. Source: 🌿 litho @lithos_graphein on X
Anthropic, OpenAI’s largest startup competitor, has started talking to investors about raising capital in a deal that could value the startup at $30 billion to $40 billion
roughly doubling its valuation from a funding that closed early this year, according to an existing investor who spoke to company leaders. Source: www.theinformation.com https://lnkd.in/eQ9ZKAFC
Remember that...
Source: Seek Wiser
Friday's daily change in S&P 500 Dealer Gamma, $9 Billion, was the largest in history
Source: Barchart
New All Time High for the 60-40 portfolio
Source: Yahoo Finance
In case you missed it... Some major breaking news out of China today.
People’s Bank of China Gov. Pan Gongsheng announced a flood of support measures in a rare press conference Tuesday amid a deepening economic slump, including the biggest package yet for housing. Measures went beyond most expectations targeted at property, banks and directly, the equity market. Beijing will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR, by 50 basis points in the near term, he said. Pan also said the PBOC would cut the 7-day repo rate by 0.2 percentage points, and signaled that a 0.2-0.25% cut in the loan prime rate could follow. Stocks are flying led by brokers and property. Some other China proxies like iron ore and Aussie are also trading higher. Source: David Ingles
Buying a rental property in America is no longer profitable.
Because the current mortgage rate (6.1%) is significantly higher than the profit/cap rate (4.4%) of rentals. This means that any investor who uses debt to finance their purchase is likely losing money on cash flow from Day 1. Note how from 2012-2022, the opposite was true. Cap Rates were higher than mortgage interest. Which is why so many people piled into single-family rentals. This is no longer the case... Will the Fed jumbo rate cut start to fix this? Source: Nick Gerli, re:venture
AMERICANS CURRENT VALUE OF STOCK MARKET INVESTMENTS IS SKYROCKETING
The median amount of US consumers' stock market investments hit $237,000. The value has DOUBLED in 1 year. Such a spike has never been seen before. Source: Global Markets Investor
