US Bankruptcy filings keep moving higher
This sounds like a logical consequence of 2 years of aggressive FED tightening but still something to keep an eye on Source: Win Smart, CFA
B of A: “.. At the current monthly rundown pace, excess savings should continue to support consumer spending at least through the rest of 2024."
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Liquidity as a key market's driver in one chart -> The stock market's rise mirrors the money supply's growth. Both have risen over 4,500% since 1967
Source: Win Smart, CFA, Game of Trades
Royal Caribbean’s "Icon of the Seas" has set sail on its maiden voyage. It’s five times the size of the Titanic.
Source: Jon Erlichman
Elon Musk said that the first human patient has received a brain implant from his startup Neuralink Corp.
A significant step forward for the company that aims to one day let humans control computers with their minds. In a post on X, formerly Twitter, Musk said that the patient is recovering well, and that initial results of the procedure were promising. Source: Bloomberg
JUST IN: Fidelity has marked up the value of its shares in X by 11% during the month of December, according to a new disclosure
Usage of X is currently at an all time high of 384 billion user seconds per day. It is also believed that the launch of Elon Musk's AI company, Grok, has helped increase valuation. X is currently the #2 news app on the App Store. Source: The Kobeissi Letter
Diageo approaching a strong support level
Diageo (DGE LN) is down 35% since January 2022 and now reaching 2009 uptrend support and also strong demand support zone 2475-2635. Keep an over the next few days at these key levels. Source : Bloomberg
Rabobank: "What happens when all of those regional US banks with balance sheets loaded with dubious commercial real estate loans can no longer pledge underwater securities at par?
The answer is more money printing, which explains the price action in the S&P500." Source: www.zerohedge.com, Bloomberg
