Heatwaves scorch parts of three continents, threaten to top record temperatures this week
A record $270 billion in bank-held commercial mortgages, of which about $80 billion is in office loans, will mature in 2023: Trepp. CRE loans make up about 25% of total US bank loans outstanding, but account for nearly half of all loans at community banks.
The University of Michigan preliminary index rose by 8.2 points to 72.6, the highest since September 2021
Germany just unveiled its first ever China strategy."De-risking is urgently needed," the document reads. How that will be achieved is less clear
Shout it out loud: Soundproof apartments catch on in Japan
'Very well': Doctor's update on Aussie sailor after months stranded at sea - brilliant
According to new US government data, annualized interest payments on US debt just crossed $900 BILLION for the first time in history
Speaking with UBS analysts on a call last week, Stability AI CEO Emad Mostaque said of AI: “I think this will be the biggest bubble of all time.”
Prolonged Hollywood strikes could lead to 'an absolute collapse of an entire industry,' says IAC Chair Diller
Markets :
XAGUSD hits a 2month high, USD weakness, solar demand related etc
USDollar broke down through key med term supports, momentum guys/funds could very well get involved...FX is alive!
Equity markets, entering full earning season, big week next week, S&P superlatives below, pretty astonishing numbers !
UST yields bounced back on Friday after UMich survey sentiment on 2y highs, will remain wild over next couple of meetings, market debating on 1 more hike or not (beyond what is priced..) after each key macro data (sentiment isn't one..)
It is hard to find bigger superlatives, but here are a few via BofA's great quant team. The top 7 stocks:
1 … drove 73% of S&P 500 gains in 1H, each up 90% on average in 1H
2 … have a market capitalization of roughly equivalent to half of US GDP
3 … trade at a Price to Trailing Earnings (P/E Trail) ratio of ~40x. The S&P 500 Ex-7 trades closer to 15x
4. … is expected to represent all US corporate earnings growth and then some in 2Q – a 21% YoY gain vs. a 10% YoY loss for the rest of the S&P 500
5 ... TMT represents 8% of US GDP, 17% of S&P EPS and 40% of S&P market cap
Here come the $ bears Dollar’s Busted Bull Run Has Bears Calling End of an Era - Bloomberg
Should all continue to drive flows towards EMG !
As expected
AI potentially destroying a whole industry
Allegedly
Since a lot of wealth is in properties that would hardly ever be sold, whether you live in a property worth 50k or 650K doesn't really matter in near-term.. for those leveraged, it does, but don't forget only 30% of houses in UK actually have a mortgage attached to them..
- brilliant pics
The stuff of movies ! amazing Tim Shaddock: Key elements that helped Aussie sailor and dog survive months lost at sea (9news.com.au)
Free money, and zero financing ?
Heatwaves scorch parts of three continents, threaten to top record temperatures (yahoo.com) stay cool in the shade !
XAGUSD - this is it folks...ready to take off ?
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