Interesting comment on X by @Andreas Steno on X about a worrying development that took place yesterday.
As financials and regionals are getting hammered with signs of stress in USD money market, the SOFR - Fed funds spread keeps widening… Maybe the Fed will be involved earlier than they think on the QT ending stuff...
FT investigation: "How the Trump companies made $1bn from crypto"
>>> https://lnkd.in/eSXMsMra The president and his family have built a rapidly growing digital assets empire which has been fuelled by the administration’s industry-friendly policies. Source: FT
Mexico tops the list as the largest Silver Mine producer in 2024, followed by China and Peru.
Source: InvestyWise @Investywise
US funding market stress >>> Surging SOFR rates signaling a liquidity shortage
The most important indicator, as always, remains the SOFR rate: should the recent drift higher continue, the self-fulfilling cascade of a liquidity shortage will almost certainly be activated. And it did worsen... Source: zerohedge
According to Oxford Researchers, the share of articles that are written by AI is now larger than the share of articles which are human created.
AI content went from ~5% in 2020 to 52% by May 2025. Projections say 90%+ by next year. Why? AI articles cost <$0.01. Human writers cost $10-100. The issue is the following: when AI trains on AI-generated content, quality degrades. Rare ideas disappear. Source: Ask Perplexity
Hedge funds are SELLING massive amount of US equities:
Hedge funds sold $1.7 BILLION last week and $2.1 billion in the prior week, marking their 5th STRAIGHT week of selling. Retail and institutional investors turned to buyers. Nevertheless, the total 4-week selling was $1.9 billion. Source: BofA, Global Markets Investor
Airlines are facing cancellations and disruption as the US government shutdown enters its third full week
https://on.ft.com/492mNVZ Source: FT
S&P 500 has now closed above its 50-day moving average for 116 consecutive trading days, the 3rd longest streak going back to 1990 (1995 and 2007 were longer)
Source: Barchart
