BREAKING: LEGENDARY HEDGE FUNDS MILLENNIUM MANAGEMENT AND TWO SIGMA HAVE MASSIVELY INCREASED THEIR JD.com $JD STAKES
THEY NOW OWN TOGETHER $275M IN THE STOCK Source: Daily Compounding
Direct foreign investment into China slumps to 30y low.
Foreign firms only added $33bn to their FDI liabilities, the lowest since 1993, indicating a lack of confidence Source: Bloomberg, HolgerZ
Visually comparing the market caps, revenues, and operating incomes of the so-called "Mag 7".
Looking at these numbers, what stands out to you the most? Source: Quartr
Five Forms of Increasing Returns by MJ Mauboussin - Morgan Stanley
1) Economies of Scale 2) International Trade 3) Learning by Doing 4) Positive Feedback/Network Effects 5) Recombination of Ideas Source: Brandon Beylo on X
📉 China Yields Staying Stuck at Historic Lows as PBOC Slashes Mortgage Reference Rate!
China has taken bold measures to uplift its struggling property sector by implementing its most substantial reduction in a key mortgage rate to date. The five-year loan prime rate saw a notable cut of 25 basis points, plummeting to a historic low of 3.95%. This move, the largest decrease since the rate's overhaul in 2019, underscores China's commitment to stimulating economic growth through targeted measures. The decision to lower the mortgage reference rate is poised to have far-reaching effects, potentially unlocking opportunities for further economic support initiatives. By enabling more cities to lower their minimum mortgage rates, the rate cut aims to revitalize demand in the sluggish housing market. Moreover, it seeks to address the persistent property crisis, which has cast a shadow on overall economic growth. However, despite these efforts, it is not expected that the rate cut will significantly boost homebuyers' sentiment as home prices are still falling in most cities and wage growth is tepid. Following cut's announcement, market response was subdued, with equities and USDCNH experiencing minimal changes, while 10Y onshore government bond yields saw only slight decreases. How will China emerge from this slow economic agony? Source: Bloomberg
F-E-A-R has 2 meanings
Source: Seek Wiser
Warren Buffett loves share cannibals.
"The math isn't complicated. When the share count goes down, your interest in the businesses goes up. Every small bit helps if repurchases are made at value-accretive prices". Source: Koyfin Charts
Shopping online at 2 a.m.?
Americans shopping online after midnight often make riskier transactions and are more likely to default on their loans, according to Affirm. The fintech firm uses the hour a consumer attempts a transaction as a key data point to help determine whether to approve loans. Other factors include a user’s repayment history with Affirm and transaction data from credit bureau Experian. “Human beings don’t make the best decisions at two o’clock in the morning,” Affirm said. “It’s clear as day — credit delinquencies spike right around 2 a.m.” While the data is clear that late-night financial decisions are riskier, the reasons for it are less so. source: cnbc, affirm
