Only 5% of firms currently use AI
Source: BofA
Delinquency rates on Office building loans hit 8.11%, the highest in more than a decade 🚨
Source: Barchart
DAX Index Reaching Major Support Zone
The DAX Index is reaching a major swing support zone between 17,626 and 17,834. This level needs to hold; otherwise, the consolidation that started in May could become more complex and last longer. Keep an eye on this development. Source: Bloomberg
Warren Buffett once said: "The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine.”
Source: Invest in Assets
Microsoft Entering Major Support Zone
Microsoft (MSFT US) is under pressure since yesterday's earnings! It's now entering a major swing support zone between 404.51 and 416.75. Keep an eye on whether this level can hold. Source: Bloomberg
Loose policy = Bull market
Even if the BOJ hikes a few more times, real rates will remain deeply negative, a sign of accommodate policy. Chart tracks Japan real rates & market performance ➡️ 2009 -2013: period of high real rates, languishing stock market🔻 ➡️2013-2021: BOJ floors rates, pushes rates negative and fuels stock rally ✅ ➡️ 2021-2024: inflation picks up, real rates drop even further negative, Topix rallies 50% ✅✅ Source: David Ingles, Bloomberg
📢 One out of every 15 Americans is a millionaire according to a UBS Wealth Report
Source: UBS, Barchart
$MSFT trades at quite a large premium to the NASDAQ 100. Will the premium shrink after yesterday's earnings release?
Source: Bloomberg
