🔈 BANK OF JAPAN JUST MADE THEIR INTEREST RATE DECISION: THEY WILL NOT BE RAISING INTEREST RATES. This is a relief for markets 👍
🚨 If Japan hiked rates, the US Dollar would weaken against the Yen. Anyone who is short the Yen then would have to sell off US equities in order to cover their short, which could've caused a decline in stocks. Most of those stocks would have been tech stocks. It also could have caused a sell off in Bitcoin as many people have borrowed against the Yen to put money into crypto. Basically it would be another edition of the Yen Carry trade which still has trillions of dollars tied into it. 😊 On a day like today, bulls really needed Japan to NOT raise rates. USD/JPY after the decision, up 0.27% Source: @amitisinvesting
BREAKING 🚨: Japan
Japanese Stocks $EWJ formed a Death Cross for the first time since December 2021 ☠️ The last one saw stocks enter a bear market with a plunge of more than 30%. Source: Barchart
China trades at a 40% discount to India. Is this more a China discount or an Indian premium?
Source: Bloomberg, David Ingles
Vision is everything...
In 1965, Singapore was forced a tiny island of 2M people forced out of Malaysia. No army. No resources. No fresh water. Then ONE man's ruthless vision built modern Asia's greatest success... Source: Great post by Oscar Hoole on X
GDP growth does not always correlate with earnings and equities performance
Source: Michel A.Arouet
CHINA AND JAPAN ARE DUMPING US TREASURIES
Japanese investors sold $61.9 billion of Treasuries in Q3 2024, the most on RECORD. Chinese funds dumped $51.3 billion, the second largest on record. Japan and China are two world's biggest foreign holders of US government debt. Source: Global Markets Investor
As a reminder... From April to October 2018, the US announced tariffs on half of all imports from China at 25%.
The Yuan fell 10% in an almost full offset. Turkey and Argentina had their own crises at the time and were blowing up constantly. But all of EM got hammered. Brazil was down 11%... History doesn't repeat but often rhymes... Source: Robin Brook, Bloomberg
According to the best source of Chinese gold and silver data – @oriental_ghost – China is on a silver consumption BENDER
Source: ale Gold great again
