The mega 2024 election year is all about folks having had enough, the massive #inequality built up last 10-15years is coming through and creating #socialrisk, it's not about financial risk, yet anyway >> the populist/nationalist voters are coming out in force, some kind of recession is ahead of us, perhaps not in the too distant future
U.S retails sales were softer, as...US households' real income expectations hit the lowest levels in over a decade adn IP was better +0.9% MoM (exp 0.3)
Popular tech ETF forced to dump Apple stock, buy Nvidia in upcoming rebalancing, as a result, the $71 billion Technology Select Sector SPDR ETF which tracks the index, could be forced to buy nearly $10 billion worth of Nvidia shares on Friday, while selling more than $11 billion worth of Apple shares, according to a report from analysts at Bloomberg Intelligence shared with MarketWatch last week
Chinese 10-year government bond futures hit another record high today #USDCNH
Morality Is the Enemy of Peace. The conflicts in Gaza and Ukraine can only end with deals that don’t satisfy anyone completely
Euro area recovered at the start of 2024 by more than expected in the March 2024 ECB staff projections, with a boost from net trade and rising household spending, and ECB Chief economist plays down need to intervene in French bond market
BlackRock :80% of bitcoin ETF purchases have likely been coming from “self-directed investors who have made their own allocation, often through an online brokerage account."
EV maker Fisker files for bankruptcy. US electric car start-up becomes latest to succumb to difficulties hitting the sector (capital intensive business model..), as of the end of May, China had erected 3.05 million public charging facilities, up 46 percent yoy, and 6.87 million private charging facilities, up 61 percent.
Green aviation targets driving cooking oil fraud at ‘mass scale’
Housing inflation will need to come down before the Fed can think about cutting rates, BofA says
Israel warns Hezbollah of ‘all-out war’ as US tries to de-escalate Lebanon border tensions
Israel warns Hezbollah of ‘all-out war’ as US tries to de-escalate Lebanon border tensions (msn.com)
Popular tech ETF forced to dump Apple stock, buy Nvidia in upcoming rebalancing (msn.com) >>>> has become a popular story lately to 'justify' the momentum trade
KOLANOVIC: “.. Our cautious stance has been based on our view that there is no re-rating upside, and that any upside had to therefore come from earnings growth, which we see being insufficient to take on equity risk even under best case scenario assumptions. For equities to avoid a 20%+ correction, you have to believe that tech will become a much more meaningful driver of growth for the broad economy in short order. While we believe tech will continue to be the key driver of economic growth for years to come, we don’t think its impact on corporate P&Ls across the board will be that profound so suddenly, and so we remain cautious here, expecting economic growth to weaken, equities to correct, and investors to find a better entry point.”
Green aviation targets driving cooking oil fraud at 'mass scale', warn campaigners (telegraph.co.uk)
#WTI crude- heading north again
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