The Fed just eased its policy stance into this...
Source: Lawrence McDonald, Bloomberg
US Senate approves bill to ban Russian uranium imports
The U.S. Senate approved on Tuesday legislation to bar imports of Russian uranium, as the United States continues to seek to disrupt Russia's efforts in its war against Ukraine. The Senate passed the measure by unanimous consent, meaning that no senators objected to it. The House of Representatives passed the bill in December. Uranium is used to power commercial nuclear reactors that produce electricity. The legislation would ban the imports 90 days after enactment. It contains waivers in case there were supply concerns for domestic reactors. The bill also frees up $2.7 billion passed in previous legislation to build out the domestic uranium processing industry. U.S. nuclear power plants imported around 12% of their uranium from Russia in 2022, according to the U.S. Energy Information Administration. Source: Reuters, Bloomberg
16 years of Mastercard vs Visa.
Both $MA (21.6%) and $V (20.9%) have remarkable CAGRs over that period. They have been pretty correlated throughout the period, taking over the world in unison. Source: Bloomberg, KoyfinCharts
Bespoke about yesterday's last hour of trading =>
"Based on the history, with the index up 113 bps at 3:00pm, the SP500 had a 99% chance of closing green. Its failure to do so is a remarkable stumble, to say the least." Source: Bespoke
Bond Market 101: a useful way to think about bond yields by Alfonso Peccatiello.
Nominal bond yields can be thought of as the interaction between: 1️⃣ Growth expectations 2️⃣ Inflation expectations 3️⃣ Term premium
Chinese Stocks enter technical bull market after rallying 20% off the Jan 22 low
Source: Barchart
Linde under pressure but approaching support zone
Linde (LIN US) is continuing it's March consolidation. It's now approaching support zone 396-414. Swing low is 396. Source : Bloomberg
Great team work...
Source: Sven Henrich @NorthmanTrader
