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Writer's pictureStéphan

#HSI, #UST yields, #GOLD ⬆️/ #XAUUSD vs #NEM huge divergence #SILJ ⬆️/ #TSLA / High(er) for longer : Value starts rally vs growth / Saxo group upgrade to 'A-' !



  • 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)




Out of control...no wonder #GOLD is bid (and silver, crude, PLAT etc..)





Can't afford it anymore, forcing prices lower....hum



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





GOLD prices vs Newmount corp - ridiculously cheap ! #NEM


Junior Silver minors - way way too low - breaking up (gold miners way too cheap too)


#Silver #XAGUSD breaking up - finally

HangSeng looks set to break up


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