In a surprise Monday ruling, SCOTUS determined Donald Trump is eligible to run for office again
The decision is a massive victory for Trump, whose eligibility on Colorado's ballot was challenged. The decision was issued one day ahead of Super Tuesday when 16 states will hold primary elections. Source: Business Insider
Taiwan Semiconductor Manufacturing breakout ?
Taiwan Semiconductor Manufacturing (TSM US) is approaching 142.195 resistance. Last time it reached this level it was in January 2022 creating a double top and sending the stock down 58% in only 9 months !!! Is this time different ? Keep an eye on this key level. Source : Bloomberg.
According to latest Fund Manager Survey by BofA, nobody is expecting higher inflation
Source: TME
Panic buying? Tech funds are on track for record $99bn inflow in 2024
Source: TME, BofA
The interest payments on US Federal Government Debt have surpassed a $1 trillion annual rate, increasing 98% over the past 3 years
Source: Charlie Bilello
Magnificent 7 Corporate Executives are dumping shares are the fastest rate since 2021 🚨
Source: Barchart, Bloomberg
6 out of the top 20 stocks in the SP500 this year are in the Semiconductor space
Nvidia once again leading everything w/ a gain of +66%. $NVDA . Source: Charlie Bilello
Saudi Arabia, de facto leader of the Organization for the Petroleum Exporting Countries, will extend its voluntary crude production cut of 1 million barrels per day until the end of the second quarter
-> the state-owned Saudi Press Agency said Sunday, citing a source from the country’s Ministry of Energy. Riyadh’s crude production will be approximately 9 million barrels per day until the end of June, the announcement said..$ Russia will trim its production and export supplies by a combined 471,000 barrels per day until the end of June, Russian Deputy Prime Minister Alexander Novak said Source: CNBC https://lnkd.in/eJWWckDe
