NIO Inc, the electric vehicle manufacturer in China, is having a rough time. It's been a little less than a year since the NYSE debut, and the stock has now lost more than 80% of its market value. The crackdown on US-listed Chinese companies has only hurt the company further, with one of the largest single-day losses in the company's history. Where do we go from here?
Longterm trend would suggest as much, but with more than 600,000 tourists stranded globally, who will be picking up the pieces?
Timeframes and scale of a company now washed up on the shores of some credit specialist in southern California. $HMNY
Federal Reserve Rates Cut to 2% (0.25% cut) coming back into the system. $75 billion on the repo announced. Lambos.
Based on the rally in GPBUSD, seems evident Boris Johnson's no-deal plan is going less well than expected. Where is the fair price here versus USD?
If negative rates are set to accelerate, it's important to look at the corresponding treas. performance over the past year.
BITSTAMP:BTCUSD looks to be leaving downward channel, potential for near-term upside.
YTD things aren't going well for Argentina, but all South American countries are seeing downward pressure.
Looking at total real (inflation adjusted) productivity in the US versus hourly wages in the US. This is data compiled by the FRED, and shows the departure consistent wage growth versus overall productivity. Pretty staggering.
Not that anyone's watching today, but this a great chart to keep track of. Public debt as a % of GDP is now above 100%. With roughly $22.3 trillion in debt, on the eve of what seems to be pointing towards mild recession, when does this percentage see a reversal?
Despite positive headlines about partnerships and "alternative to Libra" narrative, BITFINEX:XRPUSD is getting crushed today.
Daily reversal versus longer-term downward trendline. Looks temporarily oversold. Obviously look at the daily chart as well for EURUSD. FX:EURUSD
Massive downward move in the early half of 2019 actually then reversed to leave us only 5% ahead. What a comeback since May...
One of the two largest financial players in HK, and most certainly a derivative trade of the larger macroeconomic story. Keep this chart handy near-term.
As of late Monday, US Treasury Secretary Steven Mnuchin formally designated China as Currency Manipulator. If we weren't already in a trade war, this is undoubtedly a tipping point as to how aggressive the administration is willing to get with their trading partners...
Today while most have been bearish on recent price action, momentum still seems to follow through. It's super interesting to see volume accumulation back in June versus current volume levels. Still, declining quarters have more significant impact than purely price-performance: potentially a tipping point for product and top talent departure. Near term bullish,...
Recent volume trends suggest there is a lot more market activity around crypto in the past several months than in the previous 2017 and 2018 rallies. This could be due to market efficiencies or larger trading parties getting involved in recent trading activity.