The rise in Japanese 30-year yields is getting some attention but one should not forget the sharp move higher across the entire US Treasury curve, which is probably the real elephant in the room.
I tend to agree with Tavi Costa that the US will need at some point to implement yield curve control. We should thus see Fed assets as a percentage of GD starts rising again. Maybe Bitcoin and Gold are starting to price something like this Source: Tavi Costa, Bloomberg
‼️Market concentration BUBBLE has risen once again:
The top 10 stocks' market cap share in the S&P 500 is now 37%. This is 10 percentage points above the highest point recorded during the Dot-Com Bubble. By comparison, their earnings share is 30% Source: Global Markets Investor, Goldman Sachs
Absolute explosion for D-Wave Quantum $QBTS this month.
Multiple God Candles and a New All-Time High 📈📈 Source: Barchart
BREAKING 📢 Michael Burry says:
"The biggest financial crisis we've seen since 2008 will hit Wall Street next year, that’s why i sold 99% of my stocks"
😨 A shocking chart shared by Mike Zaccardi, CFA, CMT, MBA on X
➡️ Credit markets are currently pricing 6 notches of downgrades for US sovereign credit rating ‼️ "Using credit default swaps pricing as an input, S&P Global's Capital IQ model puts the U.S. sovereign credit rating 6 notches lower than its current grade - all the way down to BBB+ - barely clinging to investment grade status, never mind AAA." Source: @dailychartbook, Mike Dolan - Reuter
Bitcoin is testing key resistance level
Will it break through the glass ceiling? $BTC Source: Trend Spider
A huge dichotomy between CEO confidence (red line) which is probably at or near all-time low and the Nasdaq 100 (green line) which is near an all-time high...
Source: www.zerohedge.com
The jump in long equity positioning last week was the largest on record, per Deutsche Bank!
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