Growth vs Value: a clear trend shift since July
Source: Mike Z., Goldman Sachs
Hedgefunds are buying the dip in tech, per Goldman
Source: Goldman Sachs, Markets & Mayhem
Value of U.S. Housing Market hits all-time high of $49.6 Trillion
Source: Barchart
BREAKING: For the first time ever, Kamala Harris is leading Donald Trump in Polymarket's 2024 election odds.
At one point, prediction markets saw a 10+ percentage point lead by Donald Trump. Source: The Kobeissi Letter
Donald Trump said the Fed has "gotten a lot wrong," and "US Presidents should have a say in Fed actions."
“I think I have a better instinct than, in many cases, people that would be on the Federal Reserve or the chairman" What do you think? Source: Stocktwits
Use of Fed's Reverse Repo Facility Falls to Lowest Since 2021
Analysts said investors may have pulled their money from the reverse repo market and placed cash in the overnight repo market, where banks and financial firms such as hedge funds borrow short-term cash using Treasuries or other debt securities as collateral. In addition, a large rise in the supply of Treasury bills on Tuesday and Thursday, is likely to further drain cash from the RRP facility, analysts said. Source: Win Smart, Bloomberg, Yahoo finance
Berkshire Hathaway is now holding 25% of their Assets in Cash, the highest % since 2004.
Historical average cash position: 14%. $BRK.B Source: Charlie Bilello
US crudeoil production hit a record high.
Source: The Daily Shot
