Interest rate on credit card debt has risen to 21.19%
To put this in perspective, this rate was at 14.56% in early 2022. That’s a 6% + jump in less than 2 years. Current levels have NEVER been seen in over 25 years. This is happening at a time when credit card debt has crossed the $1 trillion threshold. To make things worse, personal interest payments have crossed $500 billion. Source: Game of Trades
U.S. Bank Losses on held-to-maturity assets have soared to an ALL-TIME HIGH of $400 Billion! 👀
Source: Barchart, FT
Dax Index reaching a strong resistance level
Dax Index has rebounded more than 9% since one month. It's now approaching resistance level 16'000-16'050. Source : Bloomberg
Apple vs The World
Source: Michel A.Arouet
Far-right lawmaker Geert Wilders, who wants a referendum on leaving the EU, is on course to win the most votes in parliamentary elections in the Netherlands
However, according to an exit poll, Wilders’s Freedom Party is projected to win 35 seats, substantially less than the 76 required to secure an outright majority. Source: FT
The Nasdaq 100 and S&P 500 ETFs are now less than 2% below their all-time high while the Russell 2000 ETF (small caps) is 24% below its high and the ARK Innovation ETF is 71% below its high
Source: Charlie Bilello
Gold has seen a "Santa" rally every December since 2017 with the average monthly gain near 4%. (silver 7.25%).
Source: Ole S Hansen, Saxo
$NVDA Apparently, somebody is buying a lot of chips in Singapore
That country now represents 15% of total sales, up from 9% last year. Chinese sanction evasion for higher powered chips? Source: Jaguar Analytics
