France’s bond yield hit the highest level this year on snap election.
10 year French bond yield climbs 11bps to 3.21%. Risk spread over Germany rose to 54bps, highest since January. Source: Bloomberg, HolgerZ
Vinci Testing Back Triangle Breakout Level
Vinci (DG FP) recently posted a new high, confirming once again the bullish trend. It's now retesting the lows of the latest swing. The 98.49 level remains the swing low that mustn't break. Keep an eye on the institutional demand zone between 98.49-103.28. Source: Bloomberg
Robinhood $HOOD has acquired cryptocurrency exchange Bitstamp for $200 million
Source: Barchart
Dot Com Bubble vs. Now - Things don't look similar - at least from an earnings angle
Source: Barchart, BofA
The great supply / demand imbalance ->
ETFs now hold more than 1 millon bitcoin and there is less than 20 million left...
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The Warren Buffett way
Austria’s hawkish central bank chief Robert Holzmann was the sole dissenter on ECB rate cut, BBG reports, citing a person familiar with the matter.
Source: HolgerZ, Bloomberg
As highlighted by Tavi Costa:
Despite quantitative tightening in most developed economies, their money supply continues to grow substantially, undermining their policies in a significant way. "Today's ECB decision to cut rates highlights how central banks are trapped and forced to reinstate financial repression even as inflation remains higher than historical norms. These policies act as a relief valve to alleviate financial stress, leading to a surge in prices of hard assets with limited supply". Source: Crescat Capital, Bloomberg
