The K-Shaped economy:
Source: Hedgeye, Bloomberg
Could it be one of the most important breakouts developing in the entire commodity complex?
Source: Tavi Costa, Bloomberg
Samsung, SK Hynix shares fall as investors brace for reported $1.3 trillion spending plans
This is double the previous reports last week of 1,000 trillion won ($650B). Source: Negligible Capital @negligible_cap Bloomberg
All the gold ever mined fits in a sphere 107 ft wide.
216,300 tonnes above ground. Worth around $29T That's it and that's the whole supply. It grows about 2% a year, and you can't print more. Source: Jack Prandelli on X, Visual Capitalist
A tough time for store of values
Source: Bitcoin Magazine
In case you missed it... US MegaCap Tech is facing its worst month since April 2022
(and 3rd worst month ever)... Source: zerohedge
Brent crude is now trading below where it was before the Iran conflict began.
Think about that. The market has effectively priced in a clean resolution to one of the largest geopolitical energy shocks in recent history. That's a powerful reminder that markets don't wait for certainty. They price the most likely outcome. But while the geopolitical risk premium may have disappeared from prices, that doesn't necessarily mean the underlying risk has... Stay tuned Source: Blackrock, UBS
Hormuz vessel crossings back up to 44
and climbing as crude prices continue to fall:
