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11 Dec 2023

Russia replaced oil exports to the EU with exports to India and China

Source: FT

11 Dec 2023

Goldman, Citi ready Trading Desks for new wave of Carbon deals

As the carbon offset market gets a new lease on life from the COP28 climate summit in Dubai, bankers from Wall Street and the City of London are positioning themselves to get a chunk of the dealmaking they say is coming.
Banks that have been building up carbon trading and finance desks include Goldman Sachs Group, Citigroup, JPMorgan Chase and Barclays.
Source: Bloomberg

11 Dec 2023

Breaking down the AI semiconductor ecosystem:

While $NVDA gets most of the attention, AI is additive to most of the semiconductor industry. Source: Eric AITechInvesting

11 Dec 2023

The number of Americans with a second job is again at all-time highs

Source: Fred, Win Smart

11 Dec 2023

SpaceX Leading on Launches

A chart by Chartr. SpaceX, which has a wide-ranging set of commercial interests beyond taking tourists to the edge of space, continues to move forward — with a tender offer reported last week that could value it at $175bn. Plans for thousands of internet satellites, commercial travel to the moon, a base on the lunar surface and even loftier goals to turn the human race into an interplanetary species by colonizing other planets, are all ambitions of the California-based company. SpaceX has catalyzed much of the excitement about space tourism. The company’s two-stage Falcon 9 rocket is able to launch a kilogram into low-Earth orbit for just ~$1,500, a 10-20x decrease in cost in roughly as many years. That's due to its (partial) reusability — a breakthrough that’s helped SpaceX dominate commercial launchpads in the US. Indeed, FAA data reveals that SpaceX has completed 281 licensed launches since 2000 — 9x as many as Blue Origin and Virgin Galactic have managed between them. Source: Chartr

11 Dec 2023

HEAVY SUPPLY REMAINS AN ISSUE FOR US TREASURIES

The US Treasury is selling $108 billion of 3-year, 10-year and 30-year bonds on Monday and Tuesday, along with $213 billion of shorter-term bills. This year’s Treasury sales are poised to surpass the record set in 2020. Source: Lisa Abramowitz, WSJ

11 Dec 2023

BREAKING >>> bitcoin prices just fell over 5% in a matter of minutes, hitting as low as $41,500

After its eight straight green week, Bitcoin is finally taking a breather. The decline comes at a time of low volume and liquidity. Source: Kobeissi Letter

11 Dec 2023

% Below All-Time High (total returns)...

Dow ETF $DIA: 0% S&P 500 ETF $SPY: -1.0% Nasdaq 100 ETF $QQQ: -1.7% Russell 2000 Small Cap ETF $IWM: -21% ARK Innovation ETF $ARKK: -68% Source: Charlie Bilello

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