Stéphan
Apr 33 min
S&P Global Ratings has upgraded #Saxo's long-term issuer credit rating to 'A-' from 'BBB' - details below - great news for investors and clients
#NEM (and other gold, silver miners) one of the most incredible of all commodity-equity disconnections/divergence - charts below, #Silver ( #xagusd the oldest money in the world) even outpaced made-up internet money yesterday #SILJ catch up could be quite something (chart) >>> surging precious metals, crude + rising UST yields is certainly different! and possibly a dangerous combination for markets, reinforces value over growth - the longer inflation/rates remain on a higher plateau, the higher probability markets see a huge shift of capital towards #VALUE
#TSLA Q1 deliveries “fell so far short .. that it was its biggest miss ever.”
#UST10y yields highest since November, data overall remains strong (stronger ISM) + spending & higher debt out of control.. >>> high(er) for longer...
Less than 50% probability of June rate cut following Strong Factory and other data
For all its faults, democracy is still better than autocracy. All the evidence shows that despotism cannot consistently deliver the economic goods for developing countries
#Mag7 now accounts for 30% of the SPX, highest concentration in history
NATO proposes a $100 billion, five year fund to support Ukraine, war bonds coming!
Mongolia's central bank purchases 3.4 tons of #gold in Q1...another 1 buying..
Americans spent over $113 billion on lottery tickets last year, more than they spent on movies, books, concerts and sports tickets - combined!
The Medicare payment decision that rocked health insurer stocks Tuesday sets up a high-stakes election year gamble for the Biden administration as seniors could end up seeing cutbacks in their health plans right before Election Day
#Copper price rallies amid rising optimism on Chinese economic outlook
Biden and Xi Jinping hold phone call ahead of Yellen’s trip to China
7.2 magnitude earthquake hits Taiwan, semiconductor delays coming, could be weeks for some factories to come back online
Warren Buffett Indicator (total value of all publicly traded stocks/GDP ratio) is at its 2nd highest level in history and much higher than during the Dotcom Bubble and the GFC
S&P Global Ratings has upgraded its long-term issuer credit rating to 'A-' from 'BBB'. This credit rating upgrade reflects Saxo Bank’s strengthened financial profile, including its efforts to increase its resolvability and enhance its subordinated debt buffers in alignment with regulatory requirements for systemically important institutions (SIFIs)
Investor Relations | Saxo Group (home.saxo)
Market Reacts: Less Than 50% Probability of June Rate Cut Following Strong Factory Data (msn.com)
Fed’s Mester and Daly expect 3 rate cuts this year (msn.com)
Big Oil Is Beating Big Tech as Eyes Turn to Crucial OPEC Meeting (yahoo.com)
Copper price rallies amid rising optimism on Chinese economic outlook - MINING.COM
Lithium trading hits record on CME as funds seize budding market - MINING.COM
Israel airstrike on Iran consulate in Syria raises oil prices (qz.com)
CNBC on X: "The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days. https://t.co/q4sbaaaPCA https://t.co/T7PFcgg1Oh" / X (twitter.com)
Out of control...no wonder #GOLD is bid (and silver, crude, PLAT etc..)
US Government Debt Risk: A Million Simulations Show Danger Ahead - Bloomberg
Biden and Xi Jinping hold phone call ahead of Yellen's trip to China (cnbc.com)
Steve Eisman says the Fed shouldn't cut rates (cnbc.com)
Health Insurers Tumble as Final Medicare Advantage Rates Disappoint (yahoo.com)
Can't afford it anymore, forcing prices lower....hum
CVS, Humana, other health stocks hit by lower Medicare rates (qz.com)
Barchart on X: "Warren Buffett Indicator (total value of all publicly traded stocks/GDP ratio) is at its 2nd highest level in history and much higher than during the Dotcom Bubble and the GFC. The only time it was higher was in 2022, when the $SPX fell by 19% over the next year. https://t.co/uiMBV0urj9" / X (twitter.com)
Holger Zschaepitz on X: "OUCH! #Tesla mkt cap dropped to $529bn b/c a 'nightmare' quarter ended w/it falling wildly short on deliveries said it delivered 386,810 electric vehicles over Q1 of 2024, falling wildly short of Wall St’s expectations. https://t.co/0FPGPwZjz0" / X (twitter.com)
It's not as if EV sales and prices been bullish lately... but noone had the estimates so low, and the bearish view there is on slower demand, prices/lower margins and therefore lower earnings, the bullish case is based around stuff that doesn't even exist nor makes money
For all its faults, democracy is still better than autocracy (ft.com)
Mongolia's central bank purchases 3.4 tons of gold in Q1 - China.org.cn
Watch moment 7.2 magnitude earthquake hits Taiwan (msn.com)
GOLD prices vs Newmount corp - ridiculously cheap ! #NEM
Junior Silver minors - way way too low - breaking up (gold miners way too cheap too)
HangSeng looks set to break up