US CPI continues to cool down
Overall US CPI moved down to 4.0% in May, the 11th consecutive decline in the YoY rate of inflation and the lowest level since March 2021. US Core CPI (ex-Food/Energy) moved down to 5.3% YoY, the lowest reading since November 2021. Source: Charlie Bilello
JAPAN'S NIKKEI CLOSES ABOVE 33,000 FOR THE FIRST TIME SINCE 1990
Source: www.investing,.com
A new all-time-high for Apple
« Apple closes at record high in latest sign of Big Tech’s dominance. The stock rose 1.6% to $183.79 yesterday, bringing its year-to-date gain to 41%. This is Apple’s first closing high since January 2022. Stock nears a $3tn valuation following 2023’s surge” – source: Bloomberg, HolgerZ
Attractiveness of EUR IG vs. US IG at decade high! 📈💼
🌍 Absolute yields in the global credit market present compelling long-term entry points, especially for high-quality European corporate bonds. Compared to the US market, the attractiveness of EUR Investment Grade (IG) credit is soaring. While concerns about a deeper recession in Europe have caused some turbulence, they have also opened up intriguing investment opportunities. Moreover, the recent Credit Suisse incident has further contributed to the dynamic landscape. 📊🔍 Is it time to seize the potential yield offered by EUR IG bonds? 💡💰 Source : Bloomberg
Moody’s warns Coinbase faces serious consequences
Ratings agency Moody’s slashed Coinbase’s outlook to “negative” from “stable” two days after the Securities and Exchange Commission alleged that the exchange operated as an unregistered broker and sold unregistered securities since 2019. A negative outlook suggests that the agency could downgrade Coinbase’s rating in the future. Moody’s decision to change the outlook stems from uncertainty about how much the SEC’s charges will affect Coinbase’s business model and cash flows, the agency said in a statement published Thursday. Source: Blockworks
Tesla back in to the triangle
After November triangle breakout and an 8 months consolidation. Tesla (TSLA US) is back in to the triangle.
Pernod Ricard is approaching major support level 196.80
Pernod Ricard (RI FP) is approaching major support level 196.80. That level was broke in February/March. Keep an eye on it ! Source : Bloomberg
Idexx Laboratories testing support 446.75
Idexx Laboratories (IDXX US) is retesting support 446.75. That level was a resistance until January breakout. Keep an eye on it. Source : Bloomberg
