Trump trade adviser warns against currency manipulation as China mulls weaker yuan >> it's already been happening, at least partially, USD has been firm(er), RoW cutting rates quite aggressively, BoC & SNB with jumbo cuts (CHF too strong, some CHF short justified vs USD, GBP or even EURO, take your pick), ECB as exp, BoE (little priced in at mom for next week.. after weaker UK GSP this morning), INR new all time lows, BRL CB more aggressive and hiked 1% to 12.25% though
Donald Trump has invited China’s President Xi Jinping to his inauguration >>> The move is an early sign that the US president-elect intends to resume the high-level engagement with China's leader that marked his first term-FT >>> then again Xi has declined the invitation, they are negotiating...
SNB's Schlegel maintained the rhetoric of willingness to intervene if required, and that they still has room for further interest rate moves
GS notes that China’s debt-fuelled growth over the past decade stands out compared with other countries across history. In the aftermath of large debt build ups, as China is experiencing now, it is “natural” that growth slows and inflation declines. China’s reflation process is likely to be prolonged
Elon Musk Pushes for Federally Funded Ozempic and Less Government Spending
Trump advisers seek to shrink or eliminate bank regulators, WSJ reports
Apple's P/E Ratio : 41x vs a 10-year average: 22x - none of this seems to matter at the moment, when will it matter ? S&P 500 Price to book, brings us so close to being the most expensive market of the modern era (2000 period before that), #TSLA PE is now 115x, most expensive out of the MAGA 7 with about 1.5% revenue increase in 2024
IBKR CEO Thomas Peterffy: The Magnificent 7 represent over 70% of the trading volumes on the platform
BofA: Investor sentiment is euphoric Global Equity Risk-Love: currently at the 90th percentile of its history since 1987
Tokyo plans 4-day working week in effort to boost births (from April 2025)
Economy in shock decline during October UK GDP down 0.1% in Oct.. that's called a shock, good old media..
Charlie Bilello on X: "Apple's P/E Ratio: 41x 10-year average: 22x Apple's EV/EBITDA Ratio: 28x 10-year average: 16x Apple's Price to Sales Ratio: 10x 10-year average: 5x $AAPL https://t.co/l5IYmkf6Ih https://t.co/LrwHmt7iu1" / X Chart of it all in there
Alexander Stahel 🌻 on X: "Merkel shut down 22GW of world’s safest nukes with 34y avg age (nukes run 60y). Now they scramble to build 15GW of new gas power to keep grid alive. Amazing “Götz warned that continuing to rely on aging coal-fired power stations to stabilize the grid carries risks, since they https://t.co/4mK3R0e9hq" / X
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