EQUITIES MOVE HIGHER AS BOND VOLALITY DROPS
Rates volatility joined the global volatility puke in November and we actually have the MOVE trading at the lowest levels since around mid September. Perfection vs SPX continues. Chart shows MOVE inverted vs SPX. Source: TME
For some shoppers, the upcoming holiday season may lead to piling on more debt
About 25% of Americans are still paying off holiday debt from 2022, according to WalletHub’s November holiday shopping survey. But those already carrying a balance could find themselves sinking further into the red if they don’t get a handle on their credit card debt. “If you’re in a hole, stop digging,” Ted Rossman, Bankrate’s senior industry analyst, tells CNBC Make It. One reason you may want to avoid racking up more debt is that higher interest rates are making it more expensive to pay down. As of November, the average credit card interest rate has risen from around 16% to nearly 21% since the Federal Reserve began raising interest rates in March 2020 in an effort to combat inflation, according to Bankrate. A higher interest rate means it could take longer and be more expensive to pay down your credit card debt. Source: make it, www.zerohedge.com
The 10 rules of Ikigai
Source: Investment Books (Dhaval)
As highlighted by Tavi Costa, one of the positives for gold today is the consistent neglect of the metal as a defensive alternative over the past few decades
This is evident in the significant underrepresentation of precious metals among traditional investment strategists. Source: Crescat Capital
As highlighted by The Kobeissi Letter >>> Buy Now Pay Later spending soars 20% compared to last year on Black Friday
It's also expected to jump 19% on Cyber Monday to a record $782 million. As excess savings in the US have gone from $2 trillion to zero, Americans are relying on debt more than ever. In other words, "deals" that are 20% off are being financed with credit card debt that has a 30% interest rate...
Fun Fact: Bill Gates Could Be A Trillionaire Today If He Had ‘Diamond-Handed’ His Original $MSFT Shares
If he maintained his 45% stake, it would equate to $1.23 Trillion today... Source: Cheddar Flow
97% Of All Bitcoin Will Be Mined In April of 2024 For the 4th Halving...
As a reminder: The single most important event for Bitcoin is the halving. Satoshi Nakamoto coded Bitcoin to half the reward payouts to miner's every 210,000 blocks. This event occurs approximately every four years and is a form of artificial inflation control, similar to a central bank printing less money. The halving ensures that the total supply of Bitcoin caps at 21 million, making it a deflationary asset. In simpler terms, as more time goes on, less and less Bitcoin are created. Every other fiat currency in existence is inflationary in nature. As more time goes on, more are created, thus making the currency you hold less valuable. This is what separates Bitcoin from everything else and why many believe that is is a digital store of value. As a function of economics and as Bitcoin's adoption rate grows, this means that demand will most likely outpace supply by a wide margin. The chart below shows past halving events and their market impact. Source: Jacob Canfield
The way to build wealth, is over the long-term:
Source: Invest In Assets | Stock Market Investing 📈
