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Writer's pictureStéphan
Apr 264 min read

#IBM #TSLA #META #CAT #HTZ #INTC 🔽, #GOOG, #MSFT and #NEM #AAL nicely ⬆️ / BoJ unch, dovish >> pressure rest of Asia, incl #CNH / U.S PCE up next today



  • #GDX (ratio + chart below) #NEM #AAL

  • BoJ unch, outright dovish, Tokyo inflation data miss >> verbal interventions likely, but they need to walk the walk if they mean or else, talk talk won't do much >>> USDJPY higher still will put more pressure on rest of Asia #USDTWD #USDKRW and eventually #USDCNH

  • U.S data : slower GDP, higher GDP price index, higher core PCE at 3.7% (expected was 3.4%..) , not a great combo clearly! which is shown in earnings coming in as expected, but higher spending (META), cash burn high TSLA & Boeing, IBM, CAT & Harley (only no name a few) weak guidance, weak consumer confidence, higher USDollar are other usual excuses #highforlonger biting, #MSFT and GOOG safe the day yesterday, and more, SPX500 right back up, chinese stocks rallying again (jan contrarian trade..) AND #AAL #BHP and #NEM delivering!

  • Car rental company Hertz increases the number of electric vehicles (Tesla, above all) it wants to get rid off to 30,000 cars (~10,000 more than previously disclosed)

  • First time in 3 years that more French companies are reporting demand issues than supply issues/Thread, Caterpillar issues sales warning, misses on Q1 revenue

  • Meta CEO Mark Zuckerberg says investments in artificial intelligence are increasing, but he warned investors it may take time for Meta to profit from AI

  • U.S. Treasury Secretary Janet Yellen said on Thursday the outright seizure of Russian assets is justifiable but is only one possibility, with assets instead able to serve as collateral for borrowing in the market to help Ukraine

  • Janet also told Reuters on Thursday that U.S. economic growth was likely stronger than suggested by weaker-than-expected data on first-quarter output and said the Biden administration was keeping all options open to respond to threats from China's excess industrial capacity

  • Blinken says U.S. and China must avoid miscalculations as Beijing warns against 'red lines'

  • Biden Treasury Department says we need higher taxes on capital gains because it would hurt white people more and take away their wealth

  • Remember the fuss couple of years ago...ESG funds are imploding in the US, suffering nearly $9 billion in outflows in the first 3 months of 2024 alone – marking the worst quarterly outflows from ESG funds ever recorded >>> #ESG was a fund manager's dream, no performance needed as benchmark was not financial, but more like a measure of moral rightness and built around expensive consultants

 



Back to 5% 10's by the summer ?











Yups, spend huge to keep up, then maybe eventually it boosts returns..







#GDX - long way to go potentially...



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