Spanish, Belgian and (other) farmers joining French and German protests
US job openings rise in December to highest level in 3 months, FOMC presser is key later on tonight, all ears on J Pow
Alphabet reported better-than-expected revenue and profit for the fourth quarter, but ad revenue trailed analysts’ projections, AMD’s AI revenue forecast gets a massive boost — but apparently not enough for the stock >>> a case of too much priced in the shares?..
Elon Musk said that the first human patient has received a brain implant from his startup Neuralink — and is recovering well
U.S Home Prices hit another all-time high in November while affordability remains near record lows - another rather odd 'chart/Thread below
French inflation sliding.. at 3.4% from a year ago, slowing from 4.1% in Dec, that’s less than the 3.6% median estimate in a Bloomberg survey
Saxo : One thing is certain: Japanese investors will think twice before buying USTs - 10y USTs hedged against JPY offer -1.45% in yield
JPM : Concentration Risk among the top 10 stocks is rising and is approaching levels last seen during the peak of the Dot Com Bubble
Markets : a slight peak/bearish 'very short-term' QQQ candle yesterday on charts after GOOD and AMD's reports, NVDA is the only Magnificent 7 stock seeing an increase in earnings revisions. (thread) FXland asleep, rates pretty quiet, JGB's got chinned earlier on BoJ comments , recovered on softer JPN data. All about J Powell presser tonight
Althea Spinozzi on X: "🇺🇸🇯🇵One thing is certain: Japanese investors will think twice before buying USTs - 10y USTs hedged against JPY offer -1.45% in yield - Even if bought unhedged, USDJPY will need to appreciate for such trade to make sense. With BOJ looking to normalize policy that's a risky trade https://t.co/e9lbBYmpUz" / X (twitter.com)
January Fed meeting preview: 3 key questions as the FOMC looks likely to push back on rate cut bets (msn.com)
and yet there has been a not insignificant amount of news similar to this UPS lays off 12,000 after pay raises, falling revenue (qz.com)
Ian Shepherdson on X: "Absolutely don't care about the jump in JOLTS job openings. Noisy, often revised substantially, and not correlated with future payrolls. The low and falling quits rate, on the other hand... https://t.co/ySoWZsPCGu" / X (twitter.com)
Charlie Bilello on X: "US Home Prices hit another all-time high in November while affordability remains near record lows. https://t.co/0zHQkHHUfr" / X (twitter.com)
Otavio (Tavi) Costa on X: "As we approach earnings release for most mega-caps: NVDA is the only Magnificent 7 stock seeing an increase in earnings revisions. The company is almost the sole beneficiary of the recent AI advancements, contrasting sharply with others that have only experienced hype without… https://t.co/0H1Yf0taVe" / X (twitter.com)
Lagarde Comments Suggest ECB Rate Cut In March Unlikely - ECB President Lagarde said the ECB is data dependent and it needs more data especially wage data to determine their next move. The next euro area Q3 labor cost index will be released on March 19. That means a rate cut from the ECB is unlikely on March 13. (Leo He, UBS Knowledge Network)
Cut almost fully priced in for June 2024
AMD’s AI revenue forecast gets a massive boost — but apparently not enough, as stock falls (msn.com)
#Botley solar - why is it called a 'farm' ??
Great ! another #Brexit bonus