For years, the United States routinely accused China of technology theft.
Now, the opposite might happen: China is worried that the United States might steal technology from them. How the tables have turned. Source: Jostein Hauge @haugejostein
⚠️German economic outlooks remains DIRE:
In 2024 the world's 3rd largest economy FELL by 0.2% following a 0.3% decline in 2023. This is the 2nd time since 1950 that GDP contracted for 2 years in a row. German IFO Economic Research Institute expects just 0.2% growth in 2025. Source. Global Markets Investor
🔴 Germany’s 10-year bond yield rising to 4% is “entirely feasible” as a reset in the country’s borrowing costs plays out, according to Aviva Investors.
The rate surged to nearly 3% in recent weeks as Germany’s incoming chancellor spearheaded a huge spending package that is expected to lead to billions of euros in extra bond sales. Vasileios Gkionakis, senior economist and strategist at Aviva Investors, says yields are likely to keep rising as the fiscal measures boost economic growth. ➡️ 4% for German 10-Year Bund would mean German mortgages at 5% to 6% and the burst of the epic German real estate bubble. Would it also mean Italian, Spanish and French bonds yields at a level that could trigger the next Euro crisis. Good luck. Source: Bloomberg
Americans expect credit application REJECTIONS at a higher rate than ever:
The perceived likelihood of credit application rejections: Auto loan: 34%, the highest on record Mortgage: 48%, the highest on record Credit card: 32%, the 3rd-highest ever Card limit increase: 39% Source: Global Market Investors, Bloomberg
🚨BREAKDOWN: LONDON-HEATHROW SHUTS DOWN AFTER MASSIVE POWER OUTAGE
London’s Heathrow Airport — one of the busiest in the world — will be completely closed Friday after a major fire at a nearby electrical substation triggered widespread blackouts across West London. Thousands of flights are impacted, with over 120 planes currently en route to Heathrow now forced to divert across the U.K. and Europe. Authorities have not given any timeline for reopening. Millions of passengers will be affected in what could become one of the largest airport shutdowns in years. Source: @sentdefender thru Mario Nawfal on X
Magnificent 7 stocks are more exposed to global growth risks than S&P 493
(but would take advantage of a weaker dollar) Source: Mike Zaccardi, CFA, CMT, MBA, Goldman Sachs
🙄
Source: Not Jerome Powell
Mag 7 P/E just 25x... Narrowest spread to Other 493 in years
Source: Goldman Sachs, Mike Zaccardi, CFA, CMT, MBA
