The breakout continues:
Gold jumps 1.3%, biggest one-day move since November 22, well above the 50DMA and briefly above $2700. The race to new all time highs is on. Source: zerohedge
J.C. Parets, CMT / All Star Charts created a brand new Index on China stocks
the FANGhai Composite Index which includes BABA, PDD, BIDU, BYDDF, XIACY, JD & TCEHY. Below is what this index chart looks like. Full article >>> Think about this Index as representing the most important companies in China that trade on US exchanges. Here's a quick rundown of China's "Magnificent 7": -> Alibaba Group (BABA): Leading global e-commerce and cloud services giant, often compared to Amazon. This is truly the "Amazon of China,” with a heavy footprint in e-commerce and digital services. -> Pinduoduo (PDD): E-commerce platform rapidly growing through its group-buying model. Think of this one as the discount online marketplace of China, focusing on social commerce and price-conscious consumers. -> Baidu (BIDU): China's top search engine and a leader in AI development, particularly autonomous driving and voice recognition. Think of this one as the "Google of China,” with a strong emphasis on AI and search. -> BYD Co. Ltd. (BYDDF): A major manufacturer of electric vehicles (EVs) and batteries. This is the "Tesla of China.” It even trades more like Tesla than it does Chinese Stocks. -> Xiaomi Corp (XIACY): A leading Chinese electronics manufacturer known for its smartphones, smart home devices, and plans for electric vehicles (EVs). This one is emerging as the “Apple of China,” or at least one of them. Their phones & electronics have a huge presence in Asia & Latin America. -> JD.com (JD): Another e-commerce retailer in China. JD is actually the largest by sales and has become a leader in logistics with a robust ecosystem of physical and digital stores. Think of this one as a Chinese hybrid of Walmart and Amazon. JD’s subsidiary, JD Health, is the largest online healthcare platform in China. -> Tencent (TCEHY): A global leader in social media (WeChat), gaming (Riot Games), and digital payments and services. This is basically the “Facebook of China.”
THERE ARE 7 DAYS TO THE LAST FED'S MEETING THIS YEAR
Market is pricing an 86% probability of a 0.25% rate cut, up from 73% last week. This comes after the November job report showed a lot of weakness under the surface. The Fed cut rates by 0.50% and 0.25% in Sep and Nov. Source: Global Markets Investor
‼️ BREAKING: This doesn't sound like a great mark of confidence...
The Bank of England will hide the identities of any pension funds, insurers or hedge funds bailed out under a new financial stability tool to prevent crisis contagion... Source: Radar @RadarHits - Bloomberg
The front page of WSJ 🔴 The Wall Street Journal telling its readers there will only ever be 21m Bitcoin‼️
Source: Bitcoin Archive
The path of the $SPX S&P500 after the 1st Fed cut is determined by whether the economy ends up in recession or not.
This time around, the $SPX has been closely mirroring the Soft Landing Source: Goldman Sachs, David Marlin
Binance Founder CZ says the UAE already has Bitcoin in reserves, and its inevitable for Hong Kong to buy BTC
Source: Vivek
This was the most powerful picture of Notre Dame reopening ceremony.
The French political elite in awe of Musk...
