🚀 Chart of the Week: Japan's Yield Curve is Steepening Again! 📈
Big moves in the Japanese bond market! The Japanese yield curve, which tracks the difference between 2-year and 10-year yields, has dramatically steepened since late March and surged even more in May. It's now at 63 bps, a level we haven't seen since January! 📊 10-year and 30-year Japanese yields are hitting decade highs, approaching 1% and surpassing 2%, respectively. As the Yen weakens, the Bank of Japan stepped in to support the JPY and recently cut its bond-buying program for the first time this year. What’s next? The BOJ might sell off its US Treasuries holdings, potentially driving US Treasury yields up in the coming months. Higher Japanese yields also mean US Treasuries are less attractive to Japanese investors, who are key players in the US market. Last summer, a sharp steepening of the Japanese yield curve coincided with a major sell-off in US Treasuries...🤔 #Finance #Investing #Bonds #JapaneseEconomy #GlobalMarkets #Economics #Investors #FinancialMarkets #BankofJapan #USTreasuries Source: Bloomberg
What is the Piotroski Score? It is a method of ranking the financial strength of a company
Using 9 questions, you can quickly determine the financial strength of Google or many others. Source: The Investing for Beginners Podcast
“Often times, the ones that are successful loved what they did so they could persevere when it got really tough”
- Steve Jobs
The biggest success of ETF launches in history?
iShares Spot Bitcoin ETF $IBIT ended up with 414 reported holders in its first 13F season, which is mind boggling, blows away record. Even having 20 holders as a newborn is highly rare. Here's a look at how the BTC ETFs compare to other ETFs launched in Jan (aka the Class of 2024) in this metric. Source: Eric Balchunas, Bloomberg Intelligence Who must file Form 13F? (sec.org) A: Institutional investment managers that use the United States mail (or other means or instrumentality of interstate commerce) in the course of their business and that exercise investment discretion over $100 million or more in Section 13(f) securities must file Form 13F
Michael Burry is back! This time he’s loading up on $10 million worth of physical gold $PHYS
Source: Barchart, CNBC
BREAKING: The S&P 500 has just hit its 23rd all time high this year and is now up 29% since October 2023
This means that the S&P 500 has officially added $10 TRILLION in market cap since its October 2023 low. The index is now up 11.5% in 2024 even as a total of four interest rate cuts have been priced-out since January. We are on track to see the most all time highs in a year since 2021. Over the last 12 years, the S&P 500 has hit 370 all-time highs, which is more than any 12-year period in history. $SPX Source: Charlie Bilello, The Kobeissi Letter
S&P 500 $SPX hits all-time high
Source: Barchart
US Demographics
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