Weekend thoughts
no penny for my thoughts
This is a weekly digest of unassociated pictures (graphs mostly) I saw during the week. Not much context is given.
For daily digests: https://no1sdailydigest.substack.com/archive
Inflows into GLD & SLV:
SLV turnover
Shanghai Futures Exchange inventories:
Chinese holdings of USTs:
Disapproval ratings:
USD starting to break down:
Deliquencies:
Annual job “growth”:
Gold miners vs S&P:
S&P/Gold:
SPX/Gold vs DXY:
‘t Is Probably Fine™:
Retail flows into stocks (generally they buy at the top and sell at the bottom):
Loan type delinquencies:
NDX vs IGV (Nasdaq vs software):
The (not so) Magnificent 7:
Deflation in China:
GC/SI
Well, I guess I'm in good company since I just found out Elon calls the advent of AGI "The Singularity", which is what I've been calling it for about 15 years since the AI madmen started have public forums discussing "The Future", which is so bright we're all gonna need shades.
So, now *some* AI can write it's own updates, guess all those code monkey teams & their mgmt. are gonna have to learn "vibe" coding, which of course they're probably doing, but no the competition for turning out usable apps will be fierce, with many losers along the way...
What does *that* have to do with economic/political/mental health implosion of Western Civilization?
Well, we don't know for 100% sure, but I betcha The Churn is about to turn entire industries upside-down, as many start hitting the bricks & life as we/they knew it becomes *different* by 2027-2028?
There'll be swaths of retail ca$hed out of the system to pay an already ridiculously inflated std. of living, with perhaps 10s of millions having to learn the hard way what living-at-the-edge actually means.
Thankfully us stackers read the tea leaves & planned ahead, mostly due to economic & political realities that are also converging at the same time that AI made Ag ultra important & valuable, while unemployment is going to numbers we haven't seen in 90 years...
Sure, there will be a few companies/corporations that will try to protect humanity's roles, but corporations won't & if the small cap companies try to hang onto their "employees" they'll be left in the dust.
Elon's been out there talking about how humanity will *benefit* from the new "AI Age", but I that's about as trustworthy as an apparatchik promising free everything to get elected...
Sure hope some leadership rises to the task of *new* vision for this Brave Weird World, it's been blatantly apparent that the (D)(R) Uniparty has done nada, -0-, zilch to prepare, guess they were too busy grifting for millions to see what's coming.
Other than that, everything's great!
👍 Have a great week 👍
Regarding the chart under "Retail flows into stocks", I wonder, given > 12% CC defaults in the next chart, where is retail obtaining the funds to go further long? Is it all leveraged and margined trade account borrowing?