3 Jul 2024
As of this morning, betting markets are giving VP Harris higher odds of being President after the 2024 Election than current President Biden.
The cross has happened. Source: Bespoke
3 Jul 2024
During Presidential election years, volatility tend to pick up EXACTLY at this time of the year
Source: Topdown Charts
3 Jul 2024
Biden betting odds in free fall as support within the Democrats crumbles.
Source: HolgerZ, Bloomberg
3 Jul 2024
Apple's Price to Sales ratio just moved above 9, the highest valuation level in company history.
$AAPL Source: Charlie Bilello
3 Jul 2024
SUMMARY OF FED CHAIR POWELL'S COMMENTS (7/2/24):
1. The trend of disinflation appears to be resuming 2. Need to be more confident before reducing rates 3. Fed doesn't see 2% inflation "this year or next year" 4. Budget deficit is very large and unsustainable 5. 4% unemployment is still a very low unemployment rate 6. Moving too fast creates risk of inflation returning The Fed needs more data before rate cuts can begin. Source: The Kobeissi Letter
3 Jul 2024
Odds of Biden being nominated as Democrat candidate are plummeting today (Betting sites).
What's going on? Source: Bloomberg, Lawrence McDonald
3 Jul 2024
The price of a Big Mac vs. the US in selected countries
Source: Voronoi
2 Jul 2024
We've never before had so few stocks outperforming the S&P 500.
Source: NDR, Willie Delwiche
