Wall Street is concerned about an inflation resurgence in 2025, The debt ceiling is back on the table for 2025, US credit card defaults jump to highest level since 2010, UST10y 100bps up to 4.6% since Sep Fed cut..Equity funding costs for the January, Feb, and March futures contracts have collapsed, beware of crazy #Musk related valuations since Nov election going into Q1 2025 - the markets owns a lot of Mag7 too going into next year, too much concentration of risk IMHO
U.S. 10-Year Treasury Bond Yield From 3.62% to 4.62% since the Fed started the latest rate-cutting (monetary policy easing) cycle in September. The U.S. 30-year mortgage rate has moved from 6.5% to 7.3%. How unusual is this price action? >>> Never in the last 40 years has the 10-year Treasury risen more quickly after the Fed started a rate cutting cycle
SOFR spiked to 4.53% on Friday and the SOFR-Fed Funds spiking to approx 20bps, we may end up surpassing the quarter-turn stress in September/October >>> US equity funds saw a -$35.3 BILLION net outflow last week, the largest weekly outflow since December 2022. This is a sharp contrast to the ~$14 billion of weekly net INFLOWS seen since Fed interest rate cuts began
US public debt has hit a record $36.2 TRILLION. Over the last 5 years, it has jumped by a MASSIVE $14 trillion, now over 120% of US GDP, near the most on record
Elon and Vivek are saying native born Americans are not good enough or smart enough to hire for tech companies, and Donald Trump is silent >>> is MAGA still alive ?
Under the covers the market has been getting dumped all month. Folks seem to think the economy runs on 7-8 stocks now. The All In mentality to 7 names is a dangerous game. Folks better home this "AI growth" materializes, otherwise a deeper correction looming >>> The S&P 500 is down 1.0% in December but most of the sectors have been in a carnage: Energy -10.7% Materials -9.9% Real Estate -8.9% Utilities -7.6% Industrial -7.0% Healthcare -5.3% Financials -4.6% Consumer Staples -4.0%
A Looming Threat to Bitcoin: The Risk of a Quantum Hack and a BBG investigation reveals a strong link between proximity to AI data centers and higher levels of distorted power, which can damage home appliances and aging grid equipment
Russia-linked cable-cutting tanker seized by Finland ‘was loaded with spying equipment’
Tokyo inflation accelerates, Supporting Case for BOJ Rate Hike
China Secretly Snaps Up More Gold, Positions for Its Greater Global Role
#Musk troubles ahead with Trump #MAGA questioned >> watch out/beware sharp correction in #BTC #MSTR #TSLA correction !
G7 countries debt-to-GDP ratios in 2024:
Japan: 255%
Italy: 139%
United States: 123%
France: 112%
Canada: 105%
United Kingdom: 104%
Germany: 64%
and rates structure is higher, debt isn't free anymore...au contraire!
Michael J. Kramer on X: "Equity funding costs for the January, Feb, and March futures contracts have collapsed. https://t.co/ReATQmX8vM" / X
Mohamed A. El-Erian on X: "Per the @FT: “Global corporate debt sales soared to a record $8tn this year, as companies took advantage of red-hot demand from investors to accelerate their borrowing plans. Issuance of corporate bonds and leveraged loans climbed by more than a third from 2023 to $7.93tn, https://t.co/lJ6y7rGZM9" / X
Global Markets Investor on X: "⚠️CHINESE DEBT SIZE IS ABSOLUTELY MIND-BLOWING⚠️ China's debt-to-GDP ratio hit a MASSIVE 366% in Q1 2024, a new record. To put this differently, for 1 unit of GDP the Chinese economy has produced 3.66 units of debt burden China has a huge debt problem👇 https://t.co/p2MVIUnuuq" / X
and
E.Cantoni on X: "Why Quantum Computing Is Here to Trigger The End Of The Crypto Bitcoin Bubble🧵 1/10 NEW TECHNOLOGIES ARE SIMPLY MADE TO BREAK OLD BOUNDARIES The Breakage of Public-Key Cryptography. Bitcoin as most cryptocurrencies rely on elliptic curve cryptography (ECC) for securing https://t.co/azmallvSW7" / X
Hell of a story !
Emil Kastehelmi on X: "During the past year, there have been several attacks against critical infrastructure near Finland. Russians are being increasingly apparent in their will to escalate the situation in the Baltic Sea. These events must be set in the right context to understand why they happen. 1/ https://t.co/9VgJ3o4yBH" / X
Yahoo Finance on X: "CEO exits hit a record high in 2024, according to Challenger, Gray, & Christmas. "I think boards are really trigged to shareholder pressures," says Harvard Business School executive fellow Bill George. https://t.co/P71pOQCru5" / X
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