HARD ASSETS ARE AT THEIR LOWEST vs. FINANCIAL ASSETS SINCE 1925
Source: BofA
Copper hits widest contango in AT LEAST 29 years
Source: Barchart, Bloomberg
Wine production reached 16.1 billion (bn) litres in the EU in 2022. Top producers:
1) Italy (5.0 bn litres) 2) Spain (5.0 bn litres) 3) France (3.4 bn litres) Source: EU Eurostat
In the weeks leading up to his shocking ouster from OpenAI, Sam Altman was actively working to raise billions from some of the world’s largest investors for a new chip venture
(according to people familiar with the matter) Code-named Tigris, Sam planned to spin up an AI-focused chip company that could produce semiconductors that compete against those from $NVDA The goal is to provide lower-cost competition to market incumbent Nvidia and aid OpenAI by lowering the ongoing costs of running its own services like ChatGPT and Dall-E - Bloomberg Source: Cheddar Flow
2024 outlook in one picture
Source: Hedgeye
bitcoin returns since 2010
Source: Charlie Bilello
Financial Sector breakout ?
Financial Sector (XLF US) showing signs of breakout ! On this weekly chart, trading above January 2022 downtrend. Keep an eye at the closing tonight. Source : Bloomberg
US Continuing Jobless Claims Surges To 2 Year High
The number of Americans filing for jobless benefits for the first time last week jumped to 231k (from an upwardly revised 218k), up to its highest since August...Worse still, continuing claims keeps rising, to 1.864mm - the highest since November 2021... Source: Bloomberg, www.zerohedge.com
