Market concentration mirroring earnings concentration
Source: Blackrock
𝗕𝘂𝗳𝗳𝗲𝘁𝘁'𝘀 𝗖𝗮𝘀𝗵 𝗕𝗼𝗻𝗮𝗻𝘇𝗮 𝗡𝗼𝘁 𝗮𝘀 𝗕𝗶𝗴 𝗮𝘀 𝗬𝗼𝘂 𝗧𝗵𝗶𝗻𝗸 💰
While Berkshire Hathaway is hoarding a record-breaking $167 billion cash pile, it accounts for just 22% of the market cap, trailing the 𝗵𝗶𝘀𝘁𝗼𝗿𝗶𝗰𝗮𝗹 𝟮𝟳% 𝗮𝘃𝗲𝗿𝗮𝗴𝗲 the last 23 years. Source: John Haslett, CA(SA), FRM
Hedge funds are loading up on japanese stocks with the Nikkei at all-time highs
Source: Win Smart, CFA
📈 Japanese 2-Year Yield Surges to 14-Year High!
Japanese government bond yields are on the rise across the curve, triggered by Bank of Japan Board Member Hajime Takata's comments hinting at a potential end to the negative interest rate policy. Takata cited progress towards achieving the price target, indicating a possible rate hike—the country's first since 2007—expected in March or April. The front end of the Japanese yield curve is particularly influenced by the BOJ's monetary policy and continues to reprice higher rates. The market anticipates a 0.25% rate hike for the full 2024 year. It appears that Japan will gradually transition away from the negative interest rate monetary policy. 🇯🇵💼 #JapanEconomy #BOJ #MonetaryPolicy #YieldCurve #FinanceNews
JUST IN: The bitcoin supply squeeze ->
US Spot Bitcoin ETFs bought over 9,000 BTC yesterday, while miners only produced ~900 BTC 👀 Source: Bitcoin magazine
Interest rate cut expectations continue to scale back: Markets now see a ~38% chance of 4 interest rate cuts in 2024
Just over a month ago, the base case showed a 50%+ chance of 6 interest rate cuts in 2024. Meanwhile, odds of a March rate cut are down to 3% and odds of a May rate cut are down to 19%. For the first time in 2024, markets are close to the Fed's latest guidance of 3 cuts in 2024. Source: The Kobeissi Letter
Did you see that Crypto Markets are now worth over $2 Trillion again?
These were the magazine covers as Crypto was bottoming in November and December of 2022. Keep in mind, this asset class was down towards just $730 Billion TOTAL in the fall of 2022. Source: Allcharts, J-C Parets
BREAKING: A strong intraday reversal by apple stock $AAPL
After they announced they have CANCELLED their work on designing an electricvehicule to focus on artificialinteéligence.
