The Financial Times has called the end of the Magnificent Seven as an investment concept
Source: Mr Family Office
Indian investors holdings in U.S. stocks hit all time high
Holdings are up +1500% since May 2016 Source: FRED
Japan will use the International Repo Facility in the future to boost the Yen and avoid having to sell U.S. Treasuries
Source: Barchart
US produces 13.59 million barrels a day.
That is more than Russia and Saudi Arabia , at 10.16 million and 9.73 million. It is nearly triple Iran's 4.45 million. America is not just the largest oil producer on earth, it is exporting record volumes of that supply overseas. Source: Jack Prandelli on X
SK Hynix last 5 days "price discovery"
8/3: -11.47% 7/31: +26.42% 7/30: -3.62% 7/29: -7.54% 7/28: -16.16% Source: zerohedge
Yesterday saw Momentum's single-biggest daily gain since 2003...
Source: zerohedge
APPLE $AAPL IS DOWN NEARLY 8% AFTER HOURS DESPITE BEATING ON REVENUE AND EPS
The quarter itself was strong: • Revenue: $109.42B, beating expectations of $108.65B • EPS: $2.02, beating expectations of $1.89 • iPhone revenue: +22% Y/Y, its best growth in years The guidance may be what sold off: • September quarter revenue guided to 9%-11% growth, a slowdown from Q3's 16% • Gross margin guided down to 47%-48% from the 50.1% just reported • Services missed expectations, and Greater China came in below estimates Apple came into the print at 35x forward earnings, well above its 5-year average of 28, and up 22% YTD. At that valuation, a beat wasn't enough. Source: WOLF
MASSIVE REVERSAL IN SOUTH KOREA
₩720 trillion has been added to Korean market today as KOSPI surged 16%. Samsung is up 20% SkHynix is up 25% Source: The Macro paper
