QQQ Fibo levels / JPY : MoF warns on rapid JPY falls / FED '24 exp from 150bps to 90bps, #supercore inflation up sharply since Dec

MoF against what they described as rapid and speculative yen moves overnight when the Japanese currency broke past 150 yen, undermining the trade-reliant economy >>> need to walk the talk if they really want to change anything in a relative strong USD world

USDollar stays firm(er) as rates finally diverge (EZ growth downgrades, UK mix - higher wages, unch inflation, U.S rates up a decent 15bps yesterday!.. #TLT #duration under pressure)

Following stronger data, ISM, NFP and U.S CPI now, market pricing for 2024 Fed rate cuts has fallen from around 150+bps at end-2022 to around 90bps now

BofA Feb Fund Manager Survey: Investors are the most bullish in 2 years; cash lvl's cut to 4.2% with growth expectations at 2y highs; investors aren't predicting a recession for the first time since Apr'22; long magnificent 7 is the most crowded trade since Oct'22

The Mag 7now have a higher market cap than the entire stock markets of Japan, France, the United Kingdom and Mexico COMBINED! ..

MS : “.. EV sentiment is extremely negative… and will eventually deteriorate further, in our view. .. Our clients want our auto companies to do a combination of 4 things: spend less, spend slower, spend smarter, and return cash.”

Germany to lower 2024 economic growth forecast

ECB’s De Guindos: Potential Growth Very Likely To Slow In Future - Economic Activity Likely To Have Stagnated In Q4

VIX calls buying : 1.27mio VIX calls traded yesterday, similar levels to Jan 12th and probably even to Oct level of 1.37mio, after that it's 1.65mio during regional banking 'crisis' last March

Jeff Bezos could save $600 million this year thanks to his move to Florida. The billionaire avoided Washington state's 7% capital gains tax on a recent sale of $2 billion worth of Amazon stock

Lyft’s stock had a bonkers after-hours rally, rocketing upwards of 60% higher at one point — then quickly contracted before settling to still-solid gains of around 16%

Another on of those 'stat' : The number of weekly increases in the S&P 500 is the most overextended it has been in over 50 years

Markets : U.S CPI resetting expectations on FED cuts for 2024, market aligning to FED dot plots slowly but surely, rates sensitive areas got hit (Russell etc), main market looked set for a pretty weak close, till a last hour rally from around 4'920 to 4'960 SPX, driven by QQQ as usual, NVDA was flat on the day, they report next week! USD firmer as it should still on 'high for longer' high plateau for rates (as unlikely as it may be, the big risk is a couple of Fed members start to argue for a hike..)