China Banks cut 5y / Crude ⬆️ 4mos highs/ The Buffet indicator ATH's / Forvia / FOMC minutes & NVDA up next

Increased tensions in ME pushing crude to 3-4months highs near $80 again

Chinese Banks cut 5year loan prime rate by 25bps, to 3.95 - largely unexpected >>> local markets not particularly 'impressed' by the cuts - so far anyway, Iron Ore feeling a little sceptical on the China expected recovery, meanwhile in the U.S the 30y mortgage rates has jumped back to Dec 1 highs of 7.35%

Israel says it will launch Rafah assault if hostages not freed by Ramadan

The Brenner Base Tunnel - great Video

The meltdown in chocolate is coming

Hedge funds turned bearish on the Swiss Franc just one week after boosting long bets, amid speculation the central bank is no longer supporting the currency with purchases and could even lower interest rates soon >>> Jordan's chatter at WEF....changed view..

The U.S. is considering slapping sanctions on Chinese companies it believes are helping Russia fuel its war in Ukraine, members of Congress told CNBC

Bayer AG is planning to slash its dividend by 95% in an effort to pay down debt

Forvia which makes parts for half of the world's cars is slashing 10,000 jobs

The market cap concentration of the top 10% of stocks has hit its highest level since 1929, surpassing 2000

The "Buffett indicator" - the ratio of the market value of the entire stock market to GDP, has historically averaged around 65%. The ratio peaked at 88.3 prior to the 1929 crash. At the peak of the Dot com bubble in 2000 the ratio was 136.9%. Currently the ratio is 185% >> plenty of these anomalies around - nothing new - they don't matter until the market decide that they do...

Markets : Is the FED even going to cut rates this year ? ..must be 'a' question that should be asked during weekly risk management meetings, crude up further would also question 'rate cuts' priced, FOMC minutes and NVDA next big focus