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9 Aug 2023

NASDAQ is currently trading right on the 50 day moving average

15200 is a short term level to watch, but the bigger support is at 15k. NASDAQ is now established "well" below the channel. Source: The Market Ear, Refinitiv

9 Aug 2023

Have you heard about the "disposition effect" aka the tendency of investors to sell assets that have increased in value?

As momentum roll-over, can this #behavioralfinance bias trigger a sell-off of the "Magnificent 7" (Apple, Nvidia, etc.) in teh US and the GRANOLAS (LVMH, L'Oréal, etc,) in Europe?

9 Aug 2023

Financial demands of supporting a US family of 4 have surpassed what a single salary can adequately provide

Source: FT

9 Aug 2023

The evolution of fixed income ETFs in one picture...

This chart really shows off how far things have come in 20 years and how far the ETF industry goes with an asset class. Source: Todd Sohn thru Eric Balchunas

8 Aug 2023

Total credit card indebtedness increased by $45 billion in the April-through-June period, an increase of more than 4%

That took the total amount owed to $1.03 trillion, the highest gross value in Fed data going back to 2003. The increase in the category was the most notable area as total household debt edged higher by about $16 billion to $17.06 trillion, also a fresh record. As card use grew, so did the delinquency rate. The Fed’s measure of credit card debt 30 or more days late rose to 7.2% in the second quarter, up from 6.5% in Q1 and the highest rate since the first quarter of 2012 though close to the long-run normal, central bank officials said. Total debt delinquency edged higher to 3.18% from 3%. Source: CNBC

8 Aug 2023

Cartoon of the Day: Infinite Debt

Source: Hedgeye

8 Aug 2023

The trend is your friend until it ends??? Apple ($AAPL)

Source: Tradingview

8 Aug 2023

Italian banks slump after government introduces windfall tax

Deputy PM Salvini announced a 40% levy on extra profits of lenders for 2023 as part of a wide-ranging decree approved at a cabinet meeting. Analysts estimate it will wipe 19% from bank earnings. Levy targets higher interest incomes following rate hikes by ECB. Source: Bloomberg, HolgerZ

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