There was no support for the markets from the liquidity side this week
US liquidity shrank by $50bn as bank reserves saw the largest drop since April tax deadline. Source: Bloomberg, HolgerZ
The count on this US yield curve inversion is up to 21 consecutive months, an all-time record. How long this goes, nobody knows
Source: Jeff Weniger
Is AI taking jobs away from Software Developers? 🤔
Source: Barchart
The US has captured one third of all global capital flows since 2020, compared to just 18% before the pandemic
Source: Barchart
US vs. International stocks... 3 standard deviations above the mean...
Source: Charlie Bilello
Momentum Trading is having the most success in history, even surpassing the Dot Com Bubble
Source: Barchart, Bloomberg
Interesting article by The Wall Street Journal ->
US dollar stable coin BOOST DEMAND for US government bonds and help the US keep up with China... Source: Radar, WSJ
The US Dollar's reserve currency status remains in a downtrend:
The US Dollar share of the world's central banks reserves fell slightly to 58.4% in Q4 2023 from 59.2% in Q3 2023, according to the IMF. By comparison, the US Dollar accounted to 71% of reserves globally in 2000. However, it is worth noting that the US Dollar remains the most dominant currency and it's not even close. For example. the Chinese Yuan's share in Q4 2024 was just 2.3% and the Euro's share is ~20%. Is the US Dollar's reserve currency status safe? Source: The Kobeissi Letter, BofA
