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30y JGB 3.35% ATH's ! / Pichai on AI bubble risk / Fed Chair / US plan to stop UKR war / All eyes on NVDA ce soir

  • Writer: Stéphan
    Stéphan
  • 4 days ago
  • 3 min read
ree

  • Trump thinks he knows choice for Fed Chair >> most likely Hassett >> tell : Gold, Silver rallied on the news yesterday

  • House Speaker Mike Johnson says that releasing the Epstein files without redactions could pose a '''national security risk...'''''....

  • Markets : JGB yields reaching all time highs at 3.35% (margin costs, carry trade etc..warnings), Office CMBS Delinquency Rate jumps to 11.8%, the highest level in history, Home Depot's earnings a tell about housing market, Google boss warns 'no company is going to be immune' if AI bubble bursts, BOJ chief to meet finance, economy ministers as monetary policy, weak yen in focus,

  • Trade : Aluminum is the next victim of Trump’s trade policy mistakes (thread), EU confirms it wants UK to pay into its budget in exchange for closer ties, Australia to mandate 3 hours of free electricity amid renewables glut, China suspends JPN food import

  • Geopolitics : Axios : Scoop: U.S. secretly drafting new plan to end Ukraine war

  • Investors are holding one of the lowest proportions of cash in modern history: November BofA global fund manager survey. "Cash levels of 3.7% or lower has occurred 20 times since 2002, & on every occasion stocks fell and Treasuries outperformed in the following 1-3 months:" BofA

  • Rothschild downgraded Amazon and Microsoft to neutral, arguing AI infrastructure requires six times the capital to generate the same economic value as the original cloud shift. For every $1 spent on AI infrastructure, the estimated net present value is just 20 cents, while mature traditional cloud investments generate roughly $1.40 for every dollar spent


Hassett most likely, hence Gold and Silver rallied yesterday on the news..




UK (CPI) rose by 3.6% in the 12 months to October 2025, down from 3.8% in September 2025, budget Wednesday next week





Chart - JGB yields reaching all time highs at 3.35%







#shadowbanking mess - Blue Owl’s shares have led losses among private credit firms, losing 5.8% yesterday & 28% in the past 2 months. The firm has invested heavily in data centers, w/25% of its fund in real estate and digital infrastructure, and has limited some redemptions

























 
 
 
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