Ray Dalio says benefits of investing in China outweigh risks
Source: South China Morning Post
Quote by Peter Lynch
Source: Invest in assets
The Bloomberg US Economic Surprise index is about the most negative since 2019.
DB's Jim Reid: Yesterday's ISM manufacturing report "was definitely one that dampened optimism about the state of the US economy right now. And it follows a run of weaker US data over recent days." Source: Bloomberg, Liza Abramowitz
Oil prices crash nearly 10% in 5 days over fears around weakening global demand.
Even as OPEC just extended oil production cuts of 2 million barrels per day, oil prices are nearing their 2024 lows. Recent data suggests that US economic activity in manufacturing and construction is slowing. As a result, oil prices are down 16% from their April peak and up just 3% year-to-date Source: The Kobeissi Letter
US job openings have just seen a sharp move down today.
JOLTS 8.06 million openings vs 8.4 million expectations. This is rather a large miss. This kind of a steep declining has only been seen 3 times since 2000. The jobs market continues to soften. Source: Game of Trades
Nvidia $NVDA hit a new all-time high today of $1,166 and has passed Apple to become the 2nd largest holding in the S&P 500.
$SPY $NVDA $AAPL Source: Charlie Bilello
Bitcoin $70,000 bang in line with stock to flow model... like a clockwork...
Source: PlanB
Tech CEOs are the new modern day rockstars $NVDA
Source: Trendspider
