Super Micro Computer stock, $SMCI, just swung from UP +20% to DOWN -20% in 24 hours.
The stock rose to an after hours high of $729.00 yesterday and is trading at $486.00 in after hours today. $SMCI is now down 60% from its high seen just 5 months ago. Source: The Kobeissi Letter
The last 10 minutes of trading on Wall Street today...
Source. Markets & Mayhem
Whales are accumulating Bitcoin like never seen before.
Source: Cryptoquant
Chinese firms are fast turning away from US and Europe for greenfield FDI
• China is de-risking, too, by reducing reliance on western markets for trade and investment • In countries 👇 imports from China of intermediate goods used in manufacturing have tripled since 2013 Source: Agathe Demarais, The Economist
A tectonic shift in Predict Presidential elections odds
Source: Predict It
Switzerland is considering imposing a tax on large inheritance targeting the super-rich
Source: Bloomberg
A very important chart which goes AGAINST hard landing scenario
"The source of the rise in the us unemployment rate is not job cuts but a rise in labor supply because of rising immigration. That is the reason why the Sahm rule doesn’t work. The Sahm rule was designed for a decline in labor demand, not a rise in immigration." - Torsten Slok (Apollo) Source: Mike Z. on X
Modi's budget could send Indian stocks higher
Source: Bloomberg 3 July 2024
