Commods, copper, Gold new highs and other metals higher again, Nickel (New Caledonia risk) #XAGUSD made it to $32.50 overnight, GOLD vs UST's also breaking down through a 35year support line (chart available on request)
#SPX500 : Shorts dying a slow death. Charts showing (charts available on request) QQQ/SPY short interest as a % of shares outstanding. Global semis positioning : Pull-back from March highs but long-term trend still positive
Investor allocations in US stocks have reached the highest share in history. Households, mutual funds, pension funds, and foreign investors financial asset allocation in equities just hit 52%. Since 2022, this percentage has increased by ~7%, even surpassing levels seen in the Dot-com bubble
Ole S Hansen on X: "#Container #shipping rates jumped 11% last week, driven by strong gains on all major China to EU and US routes. The Drewry composite index at $3511 per 40ft box was the highest in three months, partly reversing some of the softness seen following the Dec/Jan Red Sea spike https://t.co/QQ7gPvsudD" / X
German container line Hapag-Lloyd says shipping demand is growing and freight rates are rising, in a fresh sign of a potential rebound in a sector at the center of international trade
Nickel price surges as New Caledonia riots raise concerns over supply. Industrial metal critical in electric vehicle batteries climbs almost 7%
How battery cell formats will change the face of the EV industry
Google Cloud accidentally deletes UniSuper’s online account due to ‘unprecedented misconfiguration’
From Petrodollar Recycling to Gold Recycling: Jeff Currie, CSO of Energy Pathways at Carlyle Group, has his theory about why Gold rises despite rising real interest rates. Emerging countries like the BRICS would trade oil in local currency & no longer in Dollars. But the local currency would immediately be exchanged for gold b/c nobody wants to hold Chinese renminbi or Indian rupee
The importance of distinguishing climate science from climate activism
Jamie Dimon challenges Biden on China policy
G7 warms to plan for Trump-proofing Ukraine aid
Georgia could become one of the most important election in 2024!
BlackRock Global CIO of Fixed Income, Rick Rieder, takes the contrarian position that the Fed will need to cut interest rates to tame inflation >>> so hang on, this is a time when we can't even agree whether a rate cut or a rate hike will slow inflation?!
3 reasons why buying copper right now is the best trade one commodity expert has ever seen (yahoo.com)
Hummm
Bloomberg TV on X: "BlackRock Global CIO of Fixed Income, Rick Rieder, takes the contrarian position that the Fed will need to cut interest rates to tame inflation. Watch "Wall Street Week" tonight at 6pm ET https://t.co/QWhXHOgID0 https://t.co/LQsHi4poJO" / X
The US stock market capitalization to #GDP ratio has reached an impressive 187%.
The ratio has increased by ~40% in just 2 years but is still below the ~199% record from 2021.
Nominally, the total US stock market cap is near its all-time high of $53 trillion.
To put this into perspective, the global stock market cap to GDP ratio excluding the US is just 61%.Meanwhile, the S&P 500 is up 10% year to date and just 0.5% from its all-time record. The US market is/has been in a league of its own.
Estonian Prime Minister Asserts NATO's Training of Ukrainian Soldiers Does Not Escalate Conflict (msn.com)
The importance of distinguishing climate science from climate activism | npj Climate Action (nature.com)
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