All ears and eyes on FOMC minutes first, then #NVDA after the bell, #SMCI off 30% of Friday highs.. few crazy moves out there. (up and now down). #Palo Alto weaker guidance last night, Jeff #Bezos needed a bit of cash, sold another $2.37bn of AMZN shares, for a total of $8.4bn in 10days, and SHCOMP rallies for 6th trading day, back at 3K ! #contrariantrade
#USDMYR at highest level since 1998 EMG crisis, where were you during the wild Oct 1998 ?
London Capital & Finance ran ‘Ponzi’ scheme, court told. Sums raised by investment firm allegedly spent on earrings, horses and shotguns
Relatively heavy UST coupon issuance over the next week
The price of Lithium is down 80% from its peak in 2021 - prices have normalized, good news
Elon Musk says Neuralink's first human patient can move a computer mouse with their mind
Israel's war against Hamas is hitting its economy even harder than expected
Asset Managers have built the largest S&P 500 futures position in history according to data from CFTC
Massive spending cuts have left the French government struggling to put together funding for a package of as much as €3 billion in military aid to Ukraine
Gold at $3,000 and oil at $100 by 2025? Citi analysts don't rule it out
UK listings : biggest message from JDcom buying/moving for Currys >>>> buy when it's cheap, and there are a lot of cheap companies in the UK, too cheap
-Markets : bit of profit taking in NVDA ahead of earnings!, similarly few USD longs took profit ahead of FOMC, with higher yields overall pushing CROSSJPY's higher, pretty wild correction/down moves in the hottest stocks/sector/Ai related YTD, big picture now is risk fairly well balanced going into FOMC, clearly though, if any further signs of a 'high for longer' scenario comes out, it will give further excuse for markets to keep bond under pressure (supply) and trigger further unwind of QQQ longs
Yahoo Finance on X: "How $NVDA went from $0 to $1 trillion in 60 seconds. 📈 https://t.co/ucWE9k1dfz" / X (twitter.com)
CEO says Palo Alto Networks didn't lower its guidance due to lack of demand: 'There is no cybersecurity abyss' (msn.com) >>> shares down 20% after hours, lower guidance, things may be booming but things got overdone
It's suddenly a great time to buy an EV (yahoo.com) good news ...finally the pricing looks better! and lithium is related Albemarle says lithium prices are unsustainably low - MINING.COM
Currys’ largest shareholder warns Elliott offer ‘highlights London equity market drain to US’ (msn.com)
Relatively heavy UST coupon issuance over the next week: Corporate Debt Sales to Top $50 Billion This Week on Deal Surge (yahoo.com)
$13B 20y 21st Feb
$10B 30y TIPs 22nd Feb
$60B 2y 26th Feb
$60B 5y 26th Feb
$41B 7y 27th Feb
Stephen Robins KC, representing the claimants, argued in written submissions that LCF had been “a Ponzi scheme from the outset” as it used “new investors’ monies to pay returns to existing investors”.
Better news though ! UK banks largest monthly surplus on record before Spring Budget (cityam.com) The government recorded its largest monthly surplus since records began in January, helping borrowing in the year-to-date come in over £9bn below official forecasts
good read
#NVDA all got overdone - 550-600$ anyone ?
