US Treasury confirms spending on debt interest now larger than entire Defense Budget.... and will soon surpass entire Social Security budget.
Source: www.zerohedge.com
The weight of the 10 largest sp500 stocks is now 33.1% of the total $SPX, the highest level in almost 5 decades.
Source: Barchart
In 2004, Priceline $BKNG acquired Booking.com for $100 million.
Over the last 12 months, http://Booking.com generated ~$20 billion in revenue! Source: Finchat
BUBBLES = Super-short-term gambling (zero days to expiration options)... is now running at 50% of the daily flow
Source: Keith McCullough, Bloomberg
Dassault Systemes where is next support level ?
Dassault Systemes (DSY FP) under pressure ! Keep an eye at next support zone level 41.45-42.05. Source : Bloomberg
ING Group where are the next supports ?
ING Group is under pressur this morning. Next support levels to keep an eye on are 11.43-11.85 and next level is 10.73-11.12. Source : Bloomberg
Bank of England day ! A Shift in Inflation Outlook and Monetary Policy?
💡 Today, the Bank of England (BOE) is convening for its highly anticipated meeting, and we're closely monitoring it for potential shifts in their monetary policy tone. The BOE's impending Monetary Policy Committee decision promises to be intriguing, with current expectations leaning towards maintaining the benchmark rate at 5.25%. 📉 Indeed, a significant twist in the narrative has occurred. The UK's inflation outlook has undergone a substantial revision, with current projections indicating a return to the 2% inflation target by the summer of 2024 – a whole year earlier than previously anticipated. This could have far-reaching implications. 📊 Adding to the intrigue is the possibility of a single vote in favor of a rate cut and a potential softening of the BOE's previous tightening stance. While the risk remains that the BOE might stick to its hawkish position, the evolving economic landscape could set the stage for an earlier easing cycle, potentially commencing as soon as June. 💬 The shifting dynamics of inflation and the subsequent responses by central banks are pivotal indicators for market movements. Fixed income investments may see considerable benefits from these potential developments.
Google looking for support
Google is under strong pressure but trend remains bullish. Stock is trying to find some support. 1st support is around 139-140 and major zone to keep an eye on is 135-137. Source : Bloomberg
