A scary chart... the global impact on GDP of a war in Taiwan...
Source: Bloomberg, Michel A.Arouet
Nvidia is bigger than entire German stock market, the entire Australian market or the entire Korean market.
Canada and Saudi are within reach. Source: Bloomberg
After the hotter than expected Flash PMI prints yesterday, the market is pricing in one cut for this year to occur in November or December, and another in early 2025.
Source: Markets & Mayhem
Jamie Dimon does not rule out a hard landing for the US economy
Source: CNBC
Copper just had its worst 2-day decline in 13 years.
A much-needed shake out to reset the sentiment. Source: Bloomberg, Tavi Costa, Crescat Capital
S&P 500 Index reversal candelstick pattern
Yesterday, the S&P 500 index posted a reversal candlestick pattern. The market opened at a new all-time high but closed at the day's lows, wiping out all of last week's gains! This pattern is typically a warning sign. While the trend remains bullish, a consolidation often follows after reaching a new high. Keep an eye on it. Source : Bloomberg
$AAPL is bigger into financial services than many realize:
- payments - savings - credit cards - BNPL Services now make up 22% of AAPL's revenues, with payments hitting all time revenue highs. Fun fact, in 2022, Apple Pay processed over $6T in payments, and is #1 mobile wallet Source: The Investing for Beginners Podcast @IFB_podcast
S&P 500 is up 11.6% in the first 98 trading days of 2024, the 19th best start to a year going back to 1928.
$SPX Source: Charlie Bilello
