A POSITIVE contrarian signal >>>
EQUITY mutual funds are working on their 82nd straight month of OUTFLOWS. Source: Bloomberg, Eric Balchunas
China may well be the world leader for de-risking trade ties
• Chinese firms have been developing ties with emerging markets over past ten years • This reduces China's reliance on unfriendly markets (🇺🇸🇪🇺), shielding Beijing from geopolitical tensions Source: FT, Agathe Demarais
The death of volatility? VIX, VXN and VXTLT are all printing new recent lows, hitting levels not seen in years.
Source: Bloomberg, The Market Ear
Happy Bitcoin Pizza Day, everyone!
14 years ago, Laszlo Hanyecz, a Floridian programmer, bought 2 Papa John's pizzas for 10,000 $BTC. Today, those pizzas would be valued at $700 million.
$NVDA publishes its Q1 FY 2025 report today.
The company is now the third-largest in the world, trailing only $MSFT and $AAPL, after seeing its market cap rise by 200% over the last year alone. Will the brutal momentum continue? Source: Quartr
Shanghai and global freight costs are surging again.
We just experienced one of the steepest 2-week changes in history. Source: Tavi Costa, Bloomberg
Top Startup Cities in the World - San Francisco remains #1
Source: Barchart, Visual Capitalist, Pitchbook
JUST IN: The Biden administration announces it is releasing 1 million barrels of gasoline from a Northeast reserve.
These reserves were established to supplement in times of a natural disaster. However, the Biden Administration said this is a move to lower gas prices ahead of the summer. The sale, from storage sites in New Jersey and Maine, will be allocated in increments of 100,000 barrels at a time. Energy Department officials said this should help create lower gas prices by July 4th. Energy inflation is still a major issue. Source: The Kobeissi Letter
