The following are some of the news items mentioned in the last few days:

  • Shell’s share price has significantly outperformed both US and European rivals, by gaining almost 20 percent. By comparison BP’s shares have lost 6 percent
  • Price of ether has slumped 40 percent in the past three months
    • Most of the so called revolutionary DeFi projects are nowhere to be seen
    • Trump and other folks are latching on to Solana and ada
    • Developers of Ethereum network have split
    • Meme coin trading has generated 721 M USD in the past six months for users of Solana. This is almost as much as 824m in fees that Ethereum generates
    • Net outflows in Ether ETF is 401M USD
  • Several trading houses are estimating copper to hit 12000 USD
  • ECB should now look at the inflation projections as R star is increasingly noisy.
    • R star works like a good GPS compass if you are 500 km away from a destination but becomes too noisy as you are with in a few km from the destination as R star comes with a 50km error in its direction
  • EV charging groups are facing a tough moment with Trump taking a massive stab at their business model
  • Individual investors have pumped in almost 70b USD in to US stocks this year. Buy the dip seems to be the mantra
    • Demand for leveraged ETFs on Tesla and Nvidia is getting a lot of traction with retail investors
    • Retail traders have bought 3.2B of Tesla shares and 1.9B of Nvidia shares last week
  • Trump is trying to arm wrestle Denmark as it aims to take over Greenland
  • Ukraine and Russia reach ceasfire agreement in Black Sea