Jeff Currie : Munificent 7 / Global M2 up 9.3% yoy / Bonds #duration #bubble / Crude softer / NVDA earnings focus
- sc0172
- 1 day ago
- 3 min read
It's NVDA earnings time after the bell again
Iran update : Trump appears to be trying to shift attention from Iran to Cuba (you just know its when not if), NATO may send naval forces to protect Strait of Hormuz oil route amid US-Iran tensions, crude softer overnight though, welcome !
And in true authoritarian style... Donald Trump and sons granted ‘forever’ immunity from existing tax audits Justice department deal comes day after government set up $1.8bn fund to pay president’s allies hit by alleged ‘lawfare’
Markets : Global M2 money supply has reached $141T in 2026, up 9.3%, in other words your savings just got diluted by 9.3% in one year (hence most asset prices higher - not all but most), Japanese government bond yields are BREAKING RECORDS across the curve (Thread-chart), Biggest risk to stocks says BofA: a "second wave" of inflation, 30-year TIPS now yielding nearly 3% real, the US 30Y Note Yield officially hit its highest level since July 2007, at 5.19% >>>> WHAT IF the biggest bubble of our lifetime isn't crypto? not AI stocks, nor real estate...but BONDS ...
"The earnings outlook is more dependent on a few stocks than ever before" --BofA the top 5 cos make up around a quarter of S&P 500 earnings
Too euphoric Goldman Sachs-“Market pricing of US growth is beyond even our 2027 forecasts" (all about the money supply, big beautiful deal-free money.. checks..)
Germany’s Merkel criticizes EU for not talking to Russia, well..
Jackson Pollock painting sells for record $181m at auction
Jeffrey Currie : Everybody talks about the Magnificent 7, but my focus is on the “Munificent 7”. Who are they?
#GOLD Ole S Hansen on X: "#Gold has settled into a relatively narrow USD 4,500-4,590 Fibonacci retracement band and, more broadly, remains trapped between two moving averages: the 200-day moving average near USD 4,355 on the downside and the 50-day moving average around USD 4,705 on the upside. The https://t.co/9rTrZTWzt1" / X
The Kobeissi Letter on X: "Bond markets are flashing red. Today, the US 30Y Note Yield officially hit its highest level since July 2007, at 5.19%. This will soon become Americans’ biggest problem, yet the vast majority do not even know it is happening. What is happening? Let us explain. (a thread) https://t.co/Yyi1R00DPV" / X
Global Markets Investor on X: "🔴 Japanese government bond yields are BREAKING RECORDS across the curve: The 40-year Japanese government bond yield has risen to 4.39%, the highest since this maturity was introduced in 2007. The 30-year yield has surged to 4.15%, the highest since its debut in 1999 while the https://t.co/bQea5q5npN" / X
...Angela bears major responsibility for Europe’s post‑2022 economic mess: she shut nuclear, underinvested in renewables, and left Germany dangerously reliant on Russian gas. That dependence was then weaponised by Moscow, turning a long‑running policy error into a self‑inflicted strategic disaster....
James Wood 武杰士 on X: "🇨🇳 Xi Jinping doesn’t just “fight” corruption: For over 13 years he’s waged total war on it 💪 Millions of officials investigated, tens of thousands punished, “tigers” at the very top dragged down without mercy. No one, not even close allies or family, was considered off-limits. https://t.co/opCxr2xvnJ" / X
Jeffrey Currie 🆔++ on X: "Everybody talks about the Magnificent 7, but my focus is on the “Munificent 7”. Who are they? They are oil companies and asset-heavy businesses generating real free cash flow yields in an AI sector that is trying to achieve breakout despite increasing constraints by energy, https://t.co/87xbNHiGuy" / X