Week ahead : likely to be quiet in Asia with Chinese new year, ECB's Panetta hawkish, Eq futures on highs, FED's Kashkari speaks later on today and main event U.S inflation data tomorrow and UK later on
NVDA market cap is sup -1- TSLA over the last 2months, up to $1.7trn, 200dma is some $270 lower than current price
For the first time in 34 years, the Nikkei jumped above 37,000. The index is now about 5% away from taking out the all-time high set all the way back in December 1989
BofA : "30-second ad during Super Bowl I (1967) was $37,500, price for Super Bowl LVII $7,000,000 = 185x jump; nothing keeps pace with Super Bowl inflation but if they could... 6-pack of beer would be $340, gallon of gasoline $61, avg US house price $4.2mn & S&P500 would be 16374"
Some 80% of S&P 500 firms are exceeding earnings projection
Nato chief says Donald Trump comments 'undermine all of our security'
SNB total sight deposits w.e. 9 February CHF 482.3 bn vs CHF 481.2 bn prior
IMF's Georgieva says expects interest rates to start coming down from middle of the year
Trump is pledging massive China tariffs in a second term that would shrink a $575 billion trade pipeline to practically nothing. Another Biden term won't bring China much relief, either
Markets : 10's UST yields near recent 2months highs 4.18% ahead of U.S CPI, equity been on FOMO mode, NVDA the most incredible rise lately, USD stays firm(er), overall sentiment/momentum can swift quickly, watch out if we see a higher CPI print which forces the market to reassess rate cuts expectation over next few months
Ministry of Defence 🇬🇧 on X: "Latest Defence Intelligence update on the situation in Ukraine – 12 February 2024. Find out more about Defence Intelligence's use of language: https://t.co/OvlDlvNrbQ #StandWithUkraine 🇺🇦 https://t.co/8jtMRHj33w" / X (twitter.com)
Former PM Alexander Stubb wins Finnish presidency, narrowly defeating ex-top diplomat Pekka Haavisto (qz.com)
How the Chinese markets lost faith in the CCP | The Spectator G.Magnus >>> With lunar new year holidays underway, relief for China’s beleaguered stock mkts after last week’s firefighting. But for how long? What might it take for CCP to repair confidence? And will it? How the Chinese markets lost faith in the CCP
Defense Secretary Lloyd Austin Moved to ‘Critical Care’ Unit for ‘Monitoring’ (thedailybeast.com)
NVDA - pretty insane, this is NVDA not any other penny stock
