LA wildfires are now the costliest fires US history, with losses > $50 billion, per WSJ, absolutely incredible worrying scenes over there
PBOC suspends Government Bond purchases to manage market Imbalance and Support Yuan stability
Markets : overall, stay defensive, avoid crowded trades in Eq, BTC and other coins really struggling (NO mention from Musk nor Trump on the coins lately..). Move up in YIELDS last 2-3months, has been brutal, surprise many in markets, risk of further negative reaction in equity markets. #GOLD stayed firm(er) this week, even with #BTC down. USD stays firm, but let's see after NFP, it's Friday.. market positioning long USD etc and PBOC also trying to stop USDCNH overnight
European Union is considering legal action against Elon Musk for election interference
Japan’s base pay rises most in 32 Years >> rates ? JPY ?
DOJ cleared to sell $6.5B in Bitcoin seized from Silk Road
US mortgage applications volume at the lowest since 2011, like stating the obvious, but housing market doesn't work with +7% mortgage rates as ''the new normal''
Gavekal / Before investors bed in strategies and reset portfolios for a new year, we wanted to offer 10 contrarian insights that may challenge their views. Here is a brief selection
Saxo - Global #container #freight rates show a fourth, albeit moderate, weekly rise with the Drewry Composite up 2% to $3986.5 per 40ft box
New ISM data, a key leading indicator for CPI, shows priced paid by purchasing managers are a 22-MONTH high, U.S CPI next week.... watch out! could be hot !
Musk says DOGE might not be able to cut $2 trillion, quelle surprise..
Fed Officials Signal Interest Rates Likely on Hold for a While: Several FED officials confirmed Thursday the US central bank will likely hold interest rates at current levels for an extended period, only cutting again when inflation meaningfully cools.
BlackRock quits climate group as Wall Street lowers environmental profile
Fed's Bowman said December rate cut was 'last step' in 'policy recalibration'
Musk Now Skeptical DOGE Effort Can Cut $2 Trillion From Budget - “I think we’ll try for $2 trillion. I think that’s like the best-case outcome,” Musk told Mark Penn, a political strategist and the chairman of Stagwell Inc., in an interview broadcast on X, adding that he thought “we’ve got a good shot” at getting $1 trillion in cuts
Ole S Hansen on X: "Global #container #freight rates show a fourth, albeit moderate, weekly rise with the Drewry Composite up 2% to $3986.5 per 40ft box. Increases on the two major China to US routes, ahead of tariffs and port strikes (now averted), being partly offset by declines on the EU-bound https://t.co/gdIulAn9Ab" / X
Bolton added: “We know from repeated efforts by the Chinese to extend their influence, they want to become an Arctic power . . . So given Greenland’s geographic proximity to the US . . . it’s obviously a strategic interest.”
Denmark, whose own troop presence on Greenland is limited to an Arctic Command of just 75 people, has tried to demonstrate to the US that it is willing to upgrade its security presence on the island
Never ending!
Comments