The steepening trade continues with US 2s/30s yield spread jumping to 12bps, the highest since 2022.
Source: Bloomberg, HolgerZ
WHAT A DAY...
🌩 Mag 7 stocks all finished in the red today and have erased erased over $500 BILLION of market cap today. ⚡ Nasdaq and S&P 500 had worst their day since 2022 ☄ The S&P 500 just fell over 2% for the first time in 356 trading sessions. It ended the longest stretch without a >2% pullback since 2007 Source: Bloomberg
💪 How to end the meeting madness by Justin Mecham
Meetings can become an endless loop. They drain your time and energy. And the worst part: they can be counterproductive. But, at the same time, meetings are important. So, how can you reclaim those lost hours and convert them into strategic sessions? In a post, Justin Mecham share tips from some of the world's best business minds: 👉 Steve Jobs ↳ Invite only the right people. 👉 Tim Cook ↳ Hold everyone accountable. 👉 Jeff Bezos ↳ Use memos and not slideshows. 👉 Indra Nooyi ↳ Assign tasks before the meeting. 👉 Elon Musk ↳ Ensure everyone is needed in the meeting. 👉 Oprah Winfrey ↳ Prepare all meetings from beginning to end.
July 21, 2024, was the hottest day ever recorded
Source: Mike Z.
India’s dependence on Chinese imports keeps growing:
• In 2023-24 financial year China edged past the US to reclaim its position as India’s top trading partner • India’s imports from China rose by 56% since 2020, fuelling a 75% rise in country's trade deficit with China Source: Agathe Demarais, The Economist
So far in 2024, only 29.8% of the stocks in the S&P500 are outperforming the benchmark.
Source: Koyfin
Remarkable chart: gold in yen.
No further comments necessary. Source: Michel A.Arouet, Ht @AugurInfinity
BLACKROCK UPDATED THEIR WEBSITE.
$ETHA
