Economic Update: 1. SVB collapse marks the 2nd largest bank failure in U.S. history 2. Total U.S. credit card debt set to cross $1 trillion with interest rates at a record 25% 3. Interest rates are rising at their fastest pace in history 4. Mortgage demand at a 30-year low

"El sistema bancario se mantiene fuerte y estable" Mercados:

FEW

Melt up

There are a lot of headlines going around about countries moving away from the U.S. Dollar. Over the last 25 years, the U.S. Dollar's use for reserves globally is down from 72% to 59%. Here are all the recent events summarized and what it means going forward (a thread): 1/13

Today, gold closed at its highest level since March 2022 at ~$2040/oz. Gold is just 2.5% away from making an all time high and prices are up nearly 13% in just one month. Here's how gold quickly became one of the world's hottest assets after years of pressure. (a thread) 1/13

The Fed was created to maintain price stability and maximum employment. Now, they are the source of inflation and want higher unemployment to control it. They also destroyed regional banks in the process. Their actions now are the exact opposite of the reason they were formed.

The Game & The Mindset: (1) day trading is the ONLY competitive world game that a newbie can sit at the same table with the "World Champion" from day one. (2) your chance of winning, esp. consistently, is no more than the odds you win in a casino--esp. IF you are not disciplined

The regional banking crisis began ~2 months ago. Inflation in the US has been at 5%+ for 23 straight months. As a result, 20+ events have challenged the US Dollar over the last month. Here's a thread with every major event challenging the US Dollar over the 2 months: 1/9

Markets are turning lower now as the debt ceiling game continues. In less than 9 days, the US Treasury could default as they now have just $57 billion in cash. To put this in perspective, the US spends over $1.3 billion PER DAY on interest expense alone. This will come down to

If you are a tech company and not at least mentioning AI, it’s time to start paying attention. Capital is flowing anywhere and into anything that has to do with AI. Could it be a bubble? Sure. Could it be a bubble and the next big thing all at the same time? Absolutely.

The stock market hit a fresh 52-week high today and $VIX closed 9% higher. Meanwhile, we have CPI and PPI inflation along with a Fed meeting all within the next 48 hours. Buckle up, this week will be a good one.

BREAKING: May CPI shows inflation at 4.0%, below expectations of 4.1%. Core CPI comes in at 5.3%, in-line with expectations of 5.3%. CPI inflation has now declined for 12 consecutive months. The Fed may finally be winning the fight against inflation.

Summer rally

Something doesn't make sense. Why are stock prices falling when the Fed is set to lower interest rates to avert a recession and to stop the unemployment rate from rising by boosting economic growth? We had a glimpse of the answer in early August: The carry trade is still

Charlie McElligott: La Fed aparentemente se ha visto obligada a utilizar los medios financieros para terminar el trabajo por ellos, después de sembrar más confusión con las ahora tristemente habituales declaraciones incoherentes y contradictorias de los miembros del Comité en los

This is truly remarkable: Since 2020, US equity funds have seen $1.09 TRILLION of inflows, the most out of any 5-year period in history. This is nearly 5 TIMES more than Europe, Japan, and Emerging Markets COMBINED. This year alone, US equities posted a MASSIVE $448 billion of

The Economist Decoded thread... 1. “Symbolism will be their downfall” There are 11 parts to this decode. I may add more if some of you spot anything I may have missed.

“We are looking forward to making a lot of changes and this victory is the start.” — Elon Musk today

This was brilliantly executed by Donald J. Trump. Textbook, Art of the Deal.