News and my thoughts from the last week (01 Apr 2024) - EV, debts & strikes
News and my thoughts from the last week (01 Apr 2024) - EV, debts & strikes BYD sees 7 millionth NEV roll off assembly line The 7 millionth vehicle is an updated Denza N7 SUV, which the premium BYD sub-brand will officially launch on April 1. - CNEVPost Is inflation racing recession to see who reaches the economy first? Or should the question be: who is faster - the rate cuts or the recession? Gen Z saw their credit card balances surge 62% between March 2022 and February 2024, according to Fortune, citing data provided by Credit Karma. - Yahoo Finance Druckenmiller had 21.1% of his portfolio invested in two "Magnificent Seven" stocks. Nvidia accounted for 9.1% and Microsoft accounted for 12% of his invested assets. - Yahoo Finance Embattled Chinese develop
US Core PCE Inflation Rose 3.7% Y/Y in September, in Line With Expectation
Inflation accelerated in September but consumer spending was even stronger than expected, according to a Commerce Department report Friday.The core personal consumption expenditures price index, which
A leap in oil prices！The commodity ETFs have become targets for funds to pursue
In July, crude oil prices recorded their largest monthly increase since January 2022, marking their best performance in nearly two decades. Earlier last week, due to the recovery of crude oil demand and the impact of OPEC+and Saudi Arabia's production cuts, oil prices reached a three-month high. According to recently released economic data, the US economy has grown faster than expected, while inflation is also continuously decreasing. In recent weeks, an increasing number of fund managers believe that the US economy may achieve a soft landing. Despite the highest interest rates in 22 years in the United States, commodity related investments have once again become attractive. Fund managers are becoming increasingly optimistic about the upward trend in crude oil prices, and market participan