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The dominance of the US dollar is faltering! Global de-dollarization is accelerating, and the euro and Gold have become the new favorites.
Bank of America pointed out that the dollar's share in Global Forex reserves has decreased from 66% in 2015 to less than 58% in the third quarter of 2024, and the attraction of U.S. Treasuries has also significantly declined. The three major factors that previously restricted the Euro have all been reversed, and central banks' Gold Buy volumes have exceeded 1,000 tons for three consecutive years. These two Assets are becoming a new direction for central banks' diversified allocation.
Trump's pause on the "tariff war" is useless! JPMorgan: The US stock market will continue to pull back, with uncertainty being the key.
①David Kelly, Chief Global Strategist at JPMorgan Asset Management, warned that despite President Trump postponing "reciprocal tariffs," the uncertainty around tariffs will still weigh down US stocks; ②Kelly believes that the biggest tax imposed on the US economy by Washington currently is the "tax of uncertainty," causing companies to halt hiring and cut costs due to unpredictability.
Regulation of Technology and value-added tax cannot be discussed! The EU warns the USA: If an agreement is not reached within 90 days, taxes may be imposed on USA technology companies.
The EU is ready to expand the transatlantic trade war from Commodities to the service sector. If negotiations on tariffs with Trump fail, the EU will impose tariffs on American digital companies, directly threatening the advertising revenue of US Technology giants like Meta and Google.
How crazy the market was on Wednesday: SPY showed a significant premium! This is the Global ETF with the best liquidity.
On Wednesday, the SPY reached its highest premium since 2008 in the after-hours session, with a 10.5% increase marking the largest single-day gain in sixteen years. Analysts believe that the unusual auction volume, extreme market volatility, and short covering have led to rare liquidity pressures, which may be the reason for the SPY's surge in premium.
US Bond Yields Continue to Climb Amid Renewed Uncertainty -- Market Talk
A looming recession casts a shadow! The USA experiences another 'triple kill' of stocks, bonds, and currencies.
① After the collapse of U.S. bonds earlier this week, new pressures seem to have emerged; ② not only is the 30-year U.S. bond yield starting to approach the 5% mark again, but the dollar has also faced a rare steep decline, which quickly fell below the 100 threshold at the beginning of trading on Friday...
DaisyDowner : I'm on my way to break some short computers... kick out some MF JAMS