top of page
Writer's pictureStéphan
Jun 63 min read

BoC cuts 25bps, more to come / ECB up next today / #NVDA $3trn / Yellen to speak / none of this matters today >>> 80years - REMEMBER REFLECT & RESPECT



  • Like clockwork >>> slightly softer data (ISM non manuf was better yesterday mind), OIL declines and UST yields follow, and we are about to get a few rate cuts, what's not to enjoy for equity markets overall #NASDAQ #SPX hit new records

  • Bank of Canada, as expected, cut to 4.75% - expect a further 50 to 75bps of cuts in the second half of the year

  • #NVDA gas gained more than $1trn market cap over the last 30 trading days! bigger than #APPL >>> Nvidia volume yesterday was about as much as the next 10 most traded stocks combined together...totally insane really

  • Barrick Gold, the world's 2nd largest gold producer, trades at a near 30% discount. This is the lowest Barrick has ever been relative to gold

  • Powell likes to talk about the ratio of job openings per unemployed worker as an indicator of tight labor markets, it is now back to 2019 pre-COVID levels at around 1.25 /after been near 2 two years ago

  • China’s hydrogen fuel cell vehicle market is revving up, with sales expected to hit 10,000 units this year, 50,000 units by 2025 and more than one million by 2035

  • UBS raises silver price forecasts, expects outperformance vs gold

  • GS: A flood of cash from passive equity allocations will pour into the stock market in early July, setting up a continuing rally through the early summer. In addition, share prices should benefit from strong seasonal trends and rising engagement from retail investors

  • Container freight rates from #China are 3xhigher than in Jan from 2k to 6k, inflation data key ahead

  • With a net inflow of $887 million yesterday, the U.S.-based Bitcoin spot ETFs recorded their second-best day yet

 


As it stands : total market cap..


1. $MSFT = $3.1 trn

2. $NVDA = $3 trn

3. $AAPL = $3 trn

4. $GOOG = $2.1 trn

5. $AMZN = $1.9 trn


brilliant pics, videos, history











Far from convincing


Starmer says Sunak broke ministerial code with £2,000 Labour tax claim | General election 2024 | The Guardian >>> Tory supporting paper Spectator has accused the Tories of using “nonsense figures” in relation to Rishi Sunak’s £2,000 Labour tax rise claim




Old but real


Mad..!




36 views0 comments

Comments

bottom of page