The US could be on the brink of the civil war according to Ray Dalio
In an interview given to the FT on 16 May, billionaire investor and founder of Bridgewater Associates warns about the risk of a civil war breaking in the US. Source: FT
Ray Dalio says benefits of investing in China outweigh risks
Source: South China Morning Post
Quote by Peter Lynch
Source: Invest in assets
The Bloomberg US Economic Surprise index is about the most negative since 2019.
DB's Jim Reid: Yesterday's ISM manufacturing report "was definitely one that dampened optimism about the state of the US economy right now. And it follows a run of weaker US data over recent days." Source: Bloomberg, Liza Abramowitz
Oil prices crash nearly 10% in 5 days over fears around weakening global demand.
Even as OPEC just extended oil production cuts of 2 million barrels per day, oil prices are nearing their 2024 lows. Recent data suggests that US economic activity in manufacturing and construction is slowing. As a result, oil prices are down 16% from their April peak and up just 3% year-to-date Source: The Kobeissi Letter
US job openings have just seen a sharp move down today.
JOLTS 8.06 million openings vs 8.4 million expectations. This is rather a large miss. This kind of a steep declining has only been seen 3 times since 2000. The jobs market continues to soften. Source: Game of Trades
Nvidia $NVDA hit a new all-time high today of $1,166 and has passed Apple to become the 2nd largest holding in the S&P 500.
$SPY $NVDA $AAPL Source: Charlie Bilello
Bitcoin $70,000 bang in line with stock to flow model... like a clockwork...
Source: PlanB
