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#GOOG / DOGE in full swing / Softer JOLTS, ISM services / Bessent : the key is softer 10s UST yields / BoE up next

Writer's picture: StéphanStéphan


  • Bessent says he and Trump want lower 10y rates, not FED cuts (expand supply of energy!) >>> he gets it, credit markets leads the Fed >> 10s UST 4.43% - lowest YTD >>> UST's embracing every soft(er) print on US data

  • China says willing to resolve trade issues through dialogue and consultation

  • Saudi and many others reject ''Trump's Mar-a-Lago 2.0 plan for Gaza''

  • The U.S ISM Services PMI for the US declined to 52.8 in January 2025 from a downwardly revised 54 in December 2024, and well below forecasts of 54.3. EIA report also dragged crude prices lower

  • #GOOG committing to $75 billion in capex next year will be equal to roughly 70% of its operating cash flows...There's no reason to pay 25x earnings for a business funneling 70% of cash flow into a (potential) capex blackhole, but in any case , either way seems rather nuts, and finally Google says commercial quantum computing applications arriving within 5years, Google's 'most capable' AI model is now available to everyone, and Mark Andreessen : Not a single American big tech company can prevent Chinese espionage from taking its software and chip secrets. None have counterintelligence capability even remotely close/Threads

  • USPS will now accept packages from China, reversing a move that threatened AMZN

  • GOLD : Are Tariffs Causing a Gold Shortage? Gold is returning to trade based on pure physical supply and demand

  • In 2025, $9.2 TRILLION of US debt will either mature or need to be refinanced. The US now holds $36.2 trillion worth of government debt, meaning 25.4% of the total is set to mature

  • Nordstream 1 gas pipeline is permanently destroyed - Equinor excecutive

  • Lithuania, Latvia and Estonia will disconnect from the Russian power grid on Saturday 8 February, severing Soviet-era energy ties with their neighbour to the east

  • Tesla sold almost 60% fewer cars in Germany in January than in the year-earlier period

  • After Denmark and Germany (Merz), now Finnish PM Orpo announcing a big shift toward financial integration . ''It's the end of frugal states'' >>> Looks to me like Trump is accelerating the process towards a fiscal Union ! which could be good news

  • PLTR made a Net Profit of $77 Million last quarter, $55 Million of that Net Profit was from Interest.... and the market cap is $235bn...

  • #BTC The lesson of El Salvador’s failed Bitcoin experiment... approximately 92% of Salvadorans did not use Bitcoin

  • ECB - All incoming data point to inflation converging towards our 2% target in 2025


 













 After two years, only 8% of Salvadorans used Bitcoin even once. If Bitcoin can't function as a medium of exchange—the purpose for which it was created—what value does it have that can be stored?



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