#BREAKING

🇵🇭📈❗️ — Strong 7.0 magnitude earthquake hit near the Philippines coast!

📈‼️❌ — VIX (the CBOE Volatility Index, popular measure of the stock market's expectation of volatility based on S&P 500 index options) crossed above 28 today, close to 30 points, the highest print since the regional banking crisis in March 2023.

@FelipeChannel

📉‼️❌ — DXY (the US Dollar Index that measure the value of the United States dollar relative to a basket of foreign currencies) down close to 103 points.

For the records, when both DXY and S&P500 come down together is a strong bearish signal 👀

@FelipeChannel

‼️❌🇺🇸📉 This is the most important chart in the world today.

It's the chart of the Japanese Yen vs the USD.

Why is it so important?

➡️ For 30 years Japan has 0% interest on their currency.

➡️ As a result for 30 years investor borrowed YEN at no cost and invested it globally. They invested in T-Bills abroad and a basket of risk assets including the Nasdaq.

➡️ For the first time in many year the BOJ increased interest rates this week by 0.25%. This was almost unprecedented.

➡️ As a result of the increased interest rates and the signal to the market, investors are now concerned that the money they borrowed for free is no longer free and therefore they are unwinding their trades and sending the funds back to Japan.

➡️ The estimated quantum of this trade is over $4 trln!!

The only question that remains is how aggressive they will be but for now YOU MUST KEEP YOUR EYES ON THIS CHART!

https://x.com/cryptomanran/status/1819250227318001779

@FelipeChannel

🇻🇪🇻🇪🤝🇧🇷🇨🇴🇲🇽 — Nicolás Maduro thanks Lula, Gustavo Petro, and López Obrador for their joint statement: "A very good communiqué"

💬 Amid the uncertainties surrounding the election results in Venezuela, President Nicolás Maduro, who claims to have been re-elected, mentioned that he is in constant contact with the special advisor on foreign affairs to President Luiz Inácio Lula da Silva (PT), former Foreign Minister Celso Amorim.

“I spoke with Lula 15 days ago. But I am in regular contact with Celso Amorim and with Foreign Minister Mauro Vieira,” Maduro said during an interview at Miraflores Palace, the seat of the Venezuelan government.

✔️ In addition, Maduro expressed gratitude for the joint statement issued by the governments of Brazil, Mexico, and Colombia. The three countries did not recognize anyone’s victory and called for an “impartial verification” of the votes.

“Presidents Lula, Petro, and Obrador are working together to ensure that Venezuela is respected. So that the United States doesn’t do what it’s doing. They issued a very good communiqué, very good. I congratulate Presidents Petro, López Obrador, and Lula. Thank you very much, on behalf of all of Venezuela.”

🇻🇪🤝🏳️ — Venezuela looking to participate in BRICS’ projects, Maduro says

Venezuela is interested in taking part in projects being discussed by the BRICS grouping, Venezuelan President Nicolas Maduro said.

"BRICS is setting up a multicurrency system. Venezuela is in. BRICS is setting up an alternative to SWIFT. Venezuela is in. BRICS has put forward proposals in trade. Venezuela is in," the Venezuelan leader said at a news conference, taking a TASS reporter’s question.

Venezuela is at the doorstep of joining the BRICS group of nations with its resources, the country’s Executive Vice President Delcy Rodriguez said earlier. Venezuela also confirmed that Maduro had been invited to attend a BRICS+ summit in Kazan in October.

https://tass.com/world/1824839

@FelipeChannel

🇻🇪🤝🏳️❌🇺🇸 Maduro threatens to give the BRICS the oil blocks that the US operates in Venezuela

The president of Venezuela, Nicolás Maduro, threatened this Friday the United States and “its partners in the world” with giving the oil and gas blocks that operate in the Caribbean country to its allies from the BRICS group of emerging economies if the nation's authorities American “made the mistake of their lives.”

“If these people in the north and their partners in the world make the mistake of their lives, then those oil blocks and those gas blocks that were already signed will go to our BRICS allies,” said the head of state. through the state channel VTV.

The Chavista leader assured that the "largest investments" that Venezuela has today in oil and gas "come from the BRICS", founded by Brazil, Russia, India, China and South Africa, a group that has - he noted - a "portfolio of opportunities ” that interests the Caribbean country, committed - he added - to “developing the export vocation.”

https://www.swissinfo.ch/spa/maduro-amenaza-con-dar-a-los-brics-los-bloques-petroleros-que-opera-ee.uu.-en-venezuela/85845762

@FelipeChannel

📊 💸 World’s Richest Lose $134 Billion in Stock Slump | Bloomberg

🔶️ Red flags have been waving for big tech as investors express fears that AI-fueled gains are overdone or the market is too concentrated. Some high-profile earnings disappointments, along with uncertainty over the size and timing of possible Federal Reserve rate cuts, have helped plunge the Nasdaq 100 Index into correction territory, wiping out more than $2 trillion in value in just over three weeks.

🔶️ Nvidia Corp. and Tesla Inc. are down more than 20% from recent highs, though both remain up for the year. Technology billionaires in total saw $68 billion carved from their fortunes as of 12:33 p.m., according to Bloomberg’s wealth index.

🔶️ Bezos, 60, the world’s second-richest person, has been steadily offloading Amazon shares this year. He sold stock worth about $8.5 billion over nine trading days in February. And on a day last month when Amazon hit a fresh record, he disclosed a plan to sell 25 million additional shares worth $5 billion.

https://www.bloomberg.com/news/articles/2024-08-02/bezos-wealth-drops-by-21-billion-as-amazon-sinks-on-ai-fears

https://archive.ph/5LU0P

🇺🇦🇷🇺🇻🇪💀 Volodymyr Zelensky via his X account:

Worrying reports of Russian Wagner mercenaries being spotted in Venezuela alongside government forces. Wherever these thugs go, they bring death and destabilization.

This is a clear example of Russia's shameless meddling in other countries' affairs, as well as its usual strategy of sowing chaos around the world.

We see that the people of Venezuela are going through a very difficult time. And the only way out is through peaceful and democratic procedures, not through sending murderers to further exacerbate the situation.

We condemn the use of force against peaceful protesters and urge everyone to respect the people's choice. True leaders don’t hide from their own people behind mercenaries’ backs.

@FelipeChannel

🇻🇪⚡️ — María Corina Machado: "We do not promote violence, and going out to protest civilly and peacefully is not violence. We will not give up our right to civil protest."

🇻🇪 — In San Cristobal, Táchira, Bolivarian National Guards express their support for the protesters.

🇻🇪🇻🇪💥 — Motorcyclists from Nicolás Maduro's regime are reported to be on their way to the rally called by María Corina Machado.