Nvidia is once again the most valuable company in the world.
Surpassing Apple and underscoring just how dominant AI has become on Wall Street. Nvidia's largest customers reported last week and explicitly stated that supply, not demand, remains a constraining factor. Source: HolgerZ, Bloomberg
THIS IS AN ABSOLUTELY WILD MOVE >>>
The 30-year US Treasury jumped by a massive 22 basis points, the biggest spike since the COVID CRISIS. At the same time, the 10-year yield jumped by 16 basis points, to the highest since July. Meanwhile, the Fed is going to cut today.... Source: Global Markets Investor
Trump win over Harris in one map
Source: Michel A.Arouet
CBOE Volatility Index $VIX drops more than 20%, one of the largest declines in the last 2 decades
Source: Barchart
Political risk is in Europe, not in the US
The three-year-old union between Scholz’s Social Democratic Party (SPD), the Greens and Lindner’s Free Democratic Party (FDP) had been on shaky ground for some time. Chancellor Olaf Scholz said he would call for a confidence vote on Jan. 15, raising the possibility of elections earlier than scheduled in March. Source: FT, CNBC
A double-whammy for Europe: tariffs on US exports + increased defence spending...
Source: The Economist
New all time high for Bitcoin
$75k
A Split Congress Tends To Be The Best For Stocks
This year will be the 13th year in a row stocks didn't fall when there was a split Congress. Source: Carson, Ryan Detrick, CMT
