10y JGB 2.05% / AI debt : from none to $120bn / Precious metals 'what else' / Global money supply out of control
- Stéphan
- 2 days ago
- 3 min read
Markets : JPY weakness persist despite BoJ hike (long-end softer #duration not good for currency..), Ai related stocks bounced back on Friday and overnight, precious metals MUCH higher again.. (PLAT, PALL, Silver, Gold, and Copper too, worth noting miners have been lagging price action, and for next year it's all about commodities...), 10year JGB yields have surpassed the 2008 highs, Global money supply is out of control (thread), Farmers revolt across Europe, AI-Big tech.. is the largest valuation gap since the 2000 Dot-Com Bubble >>> low vols, money supply keeping markets hot vs valuations that are too high (nothing really new mind..), mining stocks and commods for next year....FX pretty quietm maybe some USD sales into year-end - let's see
Geopolitics : US pressure on Venezuela's oil supply - Ukraine has shifted strategy toward attacking Russia’s oil infrastructure - Iran-Israel tensions continue to rise
Sen. Mark Kelly on taxing AI companies that kill jobs, data center revolts, and working with Republicans
ERIC SPROTT into 2026: “I probably own 97% of my assets in Gold and Silver. I sleep well at night.”
AI debt...there was none, and suddenly $120bn Lukas Ekwueme on X: "The AI bubble is entering its debt phase at record speed. They went from zero borrowing to $120 billion almost overnight. But all that money is meaningless if you can’t get access to the grid. https://t.co/N2l6JDBxA2" / X
The Kobeissi Letter on X: "Global money supply is out of control: Global money supply is now up to a record $45 trillion. This comes as China's M1 money supply has risen to $16.5 trillion, an all-time high. China has driven the majority of global money supply growth this year. China is currently the https://t.co/uiCnYhtcnt" / X
And...BofA’s Bull & Bear indicator has moved into Extreme Bullish territory, rising to 8.5 from 7.9 and triggering a contrarian sell signal for risk assets... Holger Zschaepitz on X: "OOPS! BofA’s Bull & Bear indicator has moved into Extreme Bullish territory, rising to 8.5 from 7.9 and triggering a contrarian sell signal for risk assets. Readings above 8.0 have often preceded pullbacks, w/global equities declining a median 2.7% over the following 2mths, w/a https://t.co/dSIuLo21Yk" / X
Simply well explained Michael Burry: The AI Bubble is Fraudulent.
The got bailed out 15y ago, they got CS on the cheap, and now they want to impose themselves on swiss tax payers.. really..?
EndGame Macro on X: "The Media Isn’t Really Talking About This, But Farmers in Europe Are Revolting What unfolded in Brussels wasn’t random or emotional noise. It was pressure applied at exactly the moment it mattered. Farmers showed up with tractors as EU leaders met to decide the fate of the https://t.co/7dg9xtu8y4" / X
Global Markets Investor on X: "🔴This is the largest valuation gap since the 2000 Dot-Com Bubble: US technology stocks now trade at their highest valuation premium relative to defensive stocks since the Dot-Com peak. It has rarely been this cheap to own defensive relative to tech👇 https://t.co/ufsjG6EWfU" / X
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