10-Year Treasury Yield is now 4.28%, the highest level since October 2007
From a total return perspective, the 10-Year Treasury Bond is now down 1% in 2023, on pace for its third consecutive negative year. With data going back to 1928, that's never happened before. Source: Charlie Bilello
Saudi Arabia reduced its US treasury holdings by $3.2 Billion in June to the lowest level in nearly 7 years.
Source: FT
Bitcoin trading volume just hit the lowest point ever recorded
Source: Bitcoin news
The yield gap between 10y US and Chinese government bonds is now >160bps, widest since 2007
Source: Bloomberg
Nice infographic about the right and wrong reasons to SELL a stock
Source: Danielmnke.com
How to find great stocks
Source: Compounding Quality
Making the Impossible Possible
Source: Daniel Abrahams
Vietnamese EV maker VinFast is now worth more than Ford and GM after Nasdaq debut - CNBC article
VinFast’s shares jumped some 270% after its U.S. trading debut, vaulting its total market value past some of the world’s largest automakers. On Tuesday, the Vietnamese #electricvehicle maker listed on Nasdaq following the completion of its merger with the U.S.-listed #SPAC (special purpose acquisition company) Black Spade Acquisition. Shares of VinFast closed at $37.06 on Tuesday — 270% higher than Black Spade Acquisition’s IPO price of $10. Following the market debut, VinFast is now currently worth $85 billion, according to CNBC calculations. The SPAC merger previously valued VinFast at approximately $23 billion, according to a June filing with U.S. securities regulator. Source: CNBC
