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10 Jan 2024

This chart from Eurasia Group's Top Risks 2024 Report shows how far Americans' trust in institutions has eroded

And the chart gives a feel for the upcoming election campaign, which is unlikely to be a trust-building measure. And should Trump win, he 'would take steps to consolidate exec power, weaken checks & balances, & undermine the rule of law,' the authors write. Source: HolgerZ

10 Jan 2024

Mapped: The Top Middle East Exports by Country

🌍️

9 Jan 2024

The average price of a used Tesla has declined 18 months in a row

moving from a record high of $67,900 in July 2022 to a record low of $36,661 today (-46%). $TSLA Source: Charlie Bilello

9 Jan 2024

Money is flowing out of China for the first time in over 25 years

Source: AnilVohra1962, Safe, Macrobond, Clock Tower

9 Jan 2024

UK 20-Year Bond Auction: A Strong Start to 2024!

Today's successful auction of the UK 4.75% 2043 bonds, raising GBP 2.25 billion at a yield of 4.391%, represents a significant rise from the 1.36% yield in the previous auction in October 2021. 📈 Highlighting investor confidence, the auction achieved a strong bid-to-cover ratio of 3.6. Notably, the 20-year UK Gilt has climbed nearly 40bps from its late 2023 low. 🔍 With core inflation trends showing signs of stabilization, market participants are keenly awaiting signals from upcoming wage and inflation data. We are observing keen interest in how the yield curve will react, particularly with the anticipated new 30Y gilt syndication on the horizon. More steepening could be on the cards. 💷 Considering the estimated £76 billion gilt supply for Q1 2024, a key question emerges: Can today's robust auction mitigate the recent selloff, primarily driven by substantial global duration issuance and reassessment of aggressive rate cut expectations? Source: Bloomberg

9 Jan 2024

Bitcoin $BTC Spot ETFs could trade at an 8% premium relative to the underlying asset warns GTS market maker Reggie Browne

Source: Barchart

9 Jan 2024

Tokyo CPI down again supports BOJ dovish stance for now

Source: Bloomberg

9 Jan 2024

A new all-time-high for Nvidia $NVDA up +6.4% on the day

The chart looks rather bullish with an ascending triangle breakout as the weekly MACD begins to cross to the upside... The big news of the day was Nvidia planning to begin mass production of its AI chips designed for China that comply with U.S. export rules starting in Q2 - Reuters Source chart: Jake Wujastyk

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