Jeff Bezos just passed Elon Musk to retake the position as the richest person in the world
source : Bloomberg Billionaire Index
BlackRock's Bitcoin ETF Surpasses Silver Trusts with $10 Billion in Assets
Bitcoin spot ETFs have now eclipsed the largest silver trusts regarding assets under management (AuM), setting their sights on surpassing gold trusts next. According to recent data from HODL15Capital, BlackRock's IBIT has achieved an impressive milestone, amassing an AuM of $10.03 billion, translating to a remarkable year-to-date (YTD) increase of 35.2%. source : hodl15capital
Regional banks don't look great compared to both large-caps and small-caps
source : all star chart
Global Equity Funds have seen inflows $84 billion over the last 6 weeks, the highest amount in 2 years
source : deutsche bank, barchart
Apple's iPhone sales tumble 24% in China, its biggest Asian market, losing out to Huawei, according to Counterpoint Research data
Source: Bloomberg
What will happen to gold if/when Fed cuts and real yields plunge to negative territory?
Source chart: The Macro Guy, Macrobond
BREAKING: BRICS Will Create Payment System Based on digital currencies and blockchain!
The BRICS nations, consisting of Brazil, Russia, India, China, and South Africa, have announced their intention to create an independent payment system based on crypto and blockchain technology. According to Kremlin aide Yury Ushakov, the primary goal of this initiative is to provide a convenient, cost-effective, and politically neutral platform for governments, businesses, and individuals within the BRICS countries. The decision to develop this innovative payment system comes as part of the BRICS nations’ broader strategy to increase their role in the international monetary and financial system.
The stock market rally continues in Germany.
The Dax is heading for its 9th daily gain in a row. The rally is being driven by the Dax "Glory 5" stocks - an index consisting of SAP, Siemens, Allianz, Munich Re, and Deutsche Telekom. These 5 stocks have outperformed the Dax Price Index by almost 100%-pts over a 10 year period. Source: HolgerZ, Bloomberg
