Must Read: Chinese Ditch US Investments

ECB pushes for fresh rate cuts
The European Central Bank left interest rates unchanged yesterday, but gave itself room to take another step down in September. However, the June rate cut was too early, according to Edin Mojacek. Inflation has not yet been tamed.

Hands off private debt
PIMCO sees excellent opportunities in the bond market, but private debt and corporate bonds are greatly overvalued.

Chinese investors are leaving the United States

Chinese investors dump record amounts of US securities
This certainly has nothing to do with the growing (trade) tensions between the US and Iran. #China. pic.twitter.com/rrIxjh9Fzc

– Jeroen Blokland (@jsblokland) July 19, 2024

The Chinese have sold $41 billion worth of US investments.
Here’s the evolution of China’s ownership of US government bonds. pic.twitter.com/0P0rkKAW3q

– Corny van Zijl (@Stock Analyst) July 19, 2024

The role of goods
“If you focus only on returns and variances over a one-year investment horizon, you might conclude that commodities have no place in an investment portfolio.” So what do commodities do to the portfolio?

This is how a data center is assembled.

AI Data Center Value Chain pic.twitter.com/dXL3dpQNL3

– Evan (@StockMKTNewz) July 18, 2024

Strange men, these Americans.

Imagine you’re not from the United States and you’re watching this as part of our presidential election process. pic.twitter.com/z2xH4LnlTT

— Liquidity (@litcapital) July 19, 2024

Powell could retire
Donald Trump promised to put an end to high inflation #campangitalk.

This was the case with stocks in 1968.
Then I went up President Lyndon Johnson withdrew from the race.Then the stocks went up, but this time the market was factoring in that Joe Biden had given up.

Interesting picture

Gold vs Gold Stocks (1999 to Present) pic.twitter.com/Y4iM9niBPw

– Mining Visuals (@MiningVisuals) July 17, 2024