U.S. Households are now spending a record $573.4 billion on non-mortgage interest payments which for the first time in history is roughly the same as mortgage interest payments.
source : Barchart
U.S. companies will have to start telling the public about their climate risks
The SEC voted Wednesday to impose climate-disclosure requirements that will be significantly softer than those it proposed in March 2022 after the agency received thousands of comment letters and numerous litigation threats over the plan. In the biggest change, the regulator won’t force companies to quantify pollution from their supply chains or customers, known as Scope 3 emissions. Additionally, firms will face a higher bar for when they need to reveal more direct carbon footprints in their regulatory filings, which are known as Scope 1 and Scope 2 emissions. source : Bloomberg
Call Options Volume in Precious Metals is surging to 1-year highs according to Goldman Sachs.
Chart includes $GDX $GLD $SLV Source: barchart
Bitcoin inflows to exchange user deposit wallets are low, i.e those who have bictoin in storage do not show any intent to sell even after recent rally
Source chart: CryptoQuant
Japan | Yen Gains With Bank Stocks as Wages, BOJ Remarks Boost Hike Bets – Bloomberg
The yen climbed to a one-month high and Japanese bank shares rose after wage data and a Bank of Japan board member’s remarks bolstered speculation the authority will raise interest rates this month. Japanese government bonds extended their drop as data from an auction of 30-year debt indicated weak investor demand for long-maturity securities ahead of the expected BOJ shift. Policy-sensitive two-year notes also fell, with their yield climbing to 0.195%, the highest level since 2011.
The end of Mag7?
Last year the Mag7 essentially moved in unison and was the make-or-break trade. 2 months into 2024 there is a HUGE dispersion in the group. Source: Bloomberg, HolgerZ
BREAKING: New York Community Bank stock, $NYCB, rises 20% after announcing $1 billion capital raise.
The stock is now up 125% from its low of the day seen just 2 hours ago. Completely normal behaviour for a bank with $100 billion+ in assets. Source: The Kobeissi Letter
Bloomberg reports that New York Community Bancorp plans to announce an equity investment of more than $1 billion
Led by Steven Mnuchin’s Liberty Strategic Capital, Hudson Bay Capital and Reverence Capital Partners, according to a spokesperson for the bank.
