A record high $6+ Trillion is now sitting in money market funds. If yields continue heading lower, will some of this cash find its way into risk on assets?
In today's Early Look: "Major Macro #Divergences"
Some things are going vertical to ALL-TIME highs (like India’s Stock Market, which was up another +3.2% last week and we remain LONG of via $INDA and $SMIN), whereas other BIG things are CRASHING.
Those are called Major Macro #Divergences. What to do with them? A: Risk Manage them.
The Fed is sitting on an $8 trillion mountain of stolen goods that it needs to get rid of. Selling it could strangle credit, hike mortgages, and crash treasury markets.
By writing a blank check to Washington, the Fed stuffed an $8 trillion elephant onto a canoe. There is no elegant way to get it off.
A new ocean is forming in Africa along a 35-mile crack that opened up in Ethiopia in 2005. The crack, which has been expanding ever since, is a result of three tectonic plates pulling away from each other.
It’s thought that Africa’s new ocean will take at least 5 million to 10 million years to form, but the Afar region’s fortuitous location at the boundaries of the Nubian, Somali and Arabian plates makes it a unique laboratory to study elaborate tectonic processes.
There are still some big unknowns, including what is causing the continent to rift apart. Some think that a massive plume of superheated rocks rising from the mantle beneath East Africa could be driving the region’s continental rift.
Each plate boundary in the Afar region is spreading at different speeds, but the combined forces of these separating plates is creating what’s known as a mid-ocean ridge system, where eventually a new ocean will form.
The three plates are separating at different speeds. The Arabian plate is moving away from Africa at a rate of about 1 inch per year, while the two African plates are separating even slower, between half an inch to 0.2 inches per year.
[📷 Anthony Philpotts]
vergonha !!! governo quer flexibilizar tudo relacionado a controle no combate a corrupção, porquê seria? vcs viram que Itaipu vai gastar 100 milhões de reais com propaganda ? faz sentido isso ?
OIL MARKET: Massive revision to US oil demand and supply data.
@EIAgov pegs US total demand at 20.776m b/d in May using monthly data (up 973,000 b/d from 19.803m b/d using weekly data).
Seasonally, total US oil demand in May 2023 was the highest ever for a May month | #OOTT
This week, The World for Sale comes out in paperback
It explains how oil and commodity markets work, how they influence geopolitics, and the extraordinary power of a few traders you've probably never heard of
Please take a look https://t.co/NZoL8VdgHs
"As depositors leave the banking system, money market funds have witnessed massive weekly cash inflows."
"As the first quarter came to a close, assets held by money market mutual funds surged to $5.6 trillion representing a record high."
You've probably been told that “if you do what you love, you’ll never work a day in your life.” In reality, if you do what you love, you may be at higher risk of burning out. https://t.co/BvqLteBcAA
Um dos grandes desafios da vida moderna é conseguirmos peneirar as informações que devemos (fundamentalmente) prestar atenção no dia a dia.
Esse desafio é ainda maior quando falamos de investimentos, onde gestores e investidores são bombardeados diuturnamente com informações.
At 26 years old, Bear 399 is the “grandmother” of Grand Teton. Famed for having at least 22 descendants, she’s a big part of the grizzly bear success story in Grand Teton National Park
ESTADÃO
Nos últimos 27 anos, a produtividade da indústria de transformação brasileira caiu quase 1% ao ano, em média. Isso significa que, se em 1995 cada hora trabalhada no Brasil gerava R$ 45,50 em produtos, no final do ano passado eram apenas R$ 36,50 por hora trabalhada.
Color the Universe
Image Credit: Unknown, possibly C. Flammarion
The illustration, first appearing in a book by Camille Flammarion in 1888, is frequently used to show that humanity's present concepts are susceptible to being supplanted by greater truths