Odds of Biden winning democratic 2024 presidential nominee are collapsing as NYT said Biden told ally he is weighing whether to continue in race
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As of this morning, betting markets are giving VP Harris higher odds of being President after the 2024 Election than current President Biden.
The cross has happened. Source: Bespoke
Good to know Mrs Lagarde...
ECB President Christine Lagarde said Tuesday that Taylor Swift’s Eras Tour is not alone in keeping inflation high across the euro zone. “It’s not just Taylor Swift, you know,” Lagarde told CNBC’s Sara Eisen in Sintra, Portugal. “Others have come as well.” Terms such as “Swiftflation” and “Swiftonomics” emerged last year following a surge in spending on services such as hotels, flights and restaurants around her performances.
US private payrolls
DP reported 150k job additions in June (well below the 165k expected) - the third straight monthly decline in job additions and the weakest since January... "Job growth has been solid, but not broad-based. Had it not been for a rebound in hiring in leisure and hospitality, June would have been a downbeat month," said Nela Richardson Chief Economist, ADP. Source: www.zerohedge.com, Bloomberg
A great quote from Charlie Munger...
try to be a little wiser every day... in small steps Source: Invest in Assets
During Presidential election years, volatility tend to pick up EXACTLY at this time of the year
Source: Topdown Charts
$TLT, a popular bond-tracking ETF recorded a $2.7 billion inflow last Monday, the largest inflow on record.
Year-to-date, the ETF has seen inflows of $4.4 billion, on track for its largest annual inflow on record. To put this into perspective, $TLT has $54 billion in assets under management. This is all despite $TLT falling -4% YTD and -37% over the last 4 years. Source: The Kobeissi Lettr, Bloomberg
Biden betting odds in free fall as support within the Democrats crumbles.
Source: HolgerZ, Bloomberg
