In the last week - Commercial Real Estate Stress
- New York Community Bank (USA) - Aozora Bank (Japan) - and now: *Deutsche Pfandbriefbank, under pressure in Europe, more real estate cracks, banking concern, etc" Source: Bloomberg, Lawrence McDonald
The Magnificent 7 are almost as big as… Gold!!
Source. Jeroen Blokland, True Insights
China Gold and Silver Sales Hit Six Year High
Sales of gold, silver and jewelry have been brisk for months, defying wobbles in the Chinese economy centered around the protracted crisis in the property market. Retail salesin December, the last month for which data is available, were at a six-year high. source : bloomberg
Cocoa is now trading at a new 46-year high after 8 consecutive green days.
In fact, 18 of the last 20 days have been green for Cocoa. It really wants an all-time high! Source: Barchart
Leave It Behind
NVDA 200 week moving average is down at $233 source : tme
Americans now have a combined $1.13 Trillion of credit card debt, according to a new report from the Federal Reserve Bank of New York
source : cnbc
New York Fed's Household Debt and Credit Report
Total household debt climbed by $212 billion in the fourth quarter of 2023 to $17.5 trillion, the New York Federal Reserve said in its latest quarterly Household Debt and Credit Report. Amid the rise in debt, delinquency rates and the transition into troubled status were both higher. source : cnbc
Who would have thought? Toyota Motor $TM is soaring (up another +7% on Tuesday) while Tesla TSLA is down -37% since July '23 high.
Source: Bloomberg
