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17 Aug 2023

Soccerflation...Perks that Neymar Júnior will receive in Saudi Arabia:

• €100M-a-year salary • House with 25 bedrooms • 40x10 meter swimming pool and 3 saunas • 5 full-time staff for his house • Bentley Continental GT • Aston Martin DBX • Lamborghini Huracán • 24-hour driver • all bills for hotels, restaurants and various services during his OFF days will be sent to the club headquarters to be paid • Private plane at his disposal for his travels • €500,000 for each social media post that promotes Saudi Arabia Source: The world of Statistics

17 Aug 2023

An horrible 20-year JGB auction today tailed the most since 1987, showing that investors require a higher yield to buy JGB

Rising JGB yields threaten bonds worldwide, so we see EU and US sovereign yields accelerating their rise this morning. Source: Althea Spinozzi aka "The Bond girl"

17 Aug 2023

A tricky time for US government bonds...

US Treasuries are facing multiple headwinds - economic strength (Atlanta Fed's real-time GDP growth forecast is tracking close to 4% for the third quarter), an uptick in energy prices and FED QT. But another headwind is fading demand stemming from historical buyers of US Treasuries: 1- China US Treasury holdings just hit a 14-year low at less than $850bn 2- Saudi Arabia’s stockpile of US Treasuries fell to the lowest level in more than six year (less than $100B) 3 - As Japanese long-term yields rose (due to a tweak in their #monetarypolicy), the largest foreign holders of US Treasuries, Japanese investors, became less interested in US bonds and asked for a premium. Source cartoon: GISreportonline

17 Aug 2023

Quote of the day by Ben Graham

Source: JC Parets

17 Aug 2023

Bitcoin approaching support 28’000

Bitcoin (XBTUSD) is approaching December 2022 uptrend support at 28’000. Keep an eye. Source : Bloomberg

17 Aug 2023

Dassault Systemes at a very interesting level

Dassault Systemes (DSY FP) is back on a very interesting level. After May breakout and a 3 months consolidation (13% down since June high), stock is testing October uptrend support. Keep an eye at this zone 35.75-36.25. Source : Bloomberg

17 Aug 2023

Gold breaking double support

Gold (XAU) is breaking June support 1907 and 200 days Moving Average at 1905. Next support levels are 1856 (minor) and 1807 (major). Source : Bloomberg

17 Aug 2023

As highlighted by Caleb Franzen, the relative chart of SP500 / M2 money supply is trading at the exact same level as July 2007

This range also coincided with market peaks in: • Feb.'20 • Q4'21 While the S&P 500 itself has gained +181% in the past 16 years, $SPX/M2 has made no progress. Should this be seen as a logical resistance zone?

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