Nvidia quarterly report lifts earnings estimates support for mega-cap tech valuations, i.e nvdia / "mag 7" are trading cheaper AFTER Nvidia blowout results
Source: Macrobond, TME
Up again today. Index is up 8%. This group of Chinese stocks is up over 50% in just a few weeks
Source: David Ingles, Bloomberg
Nothing new, but imagine the huge cash pile starts feeling the equities FOMO...
Source: BofA, TME
10 Accounting KPIs everyone should know
By Compounding Quality / Chris Quinn
During 25 years before joining the Euro Italian Lira lost 83% against Deutsche Mark. Last 25 years they have been pegged. How much value would the Lira have lost against Deutsche Mark without the peg?
Source: Bloomberg, Michel A.Arouet
THE US REAL ESTATE MARKET IS MAKING HISTORY...
As highlighted by The Kobeissi Letter -> For the first time since 2005, new home prices are set to drop below existing home prices. In other words, new will be selling for LESS than old. The median new home price is down to ~$410,000 while the median existing home prices is nearing $400,000. Why is this happening? ~90% of mortgages outstanding currently have an interest rate that is below 5%. Many mortgage rates are BELOW the current inflation rate. A mortgage issued in 2020 or 2021 is effectively an asset now. Truly historic. Source: The Kobeissi Letter
German exports of motor vehicles and parts (blue) to Kyrgyzstan are up 5500% since Russia invaded Ukraine
Is Kyrgyzstan suddenly in a massive boom or are these vehicles and parts just transiting through Kyrgyzstan? Source: Robin Brooks
Amid a collapse in 'hard' economic data, 'soft' surveys from S&P Global was expected to see both Services and Manufacturing PMIs slide further in preliminary November data
However, the data was more mixed with US Manufacturing falling more than expected to 49.4 - back into contraction - (vs 49.9 exp) from 50.0 in October. However, US Services unexpectedly rose from 50.6 to 50.8 (exp 50.3). Source: Bloomberg, www.zerohedge.com
