The Kobeissi Letter
BREAKING: Japan's Finance Minster Kato and US Treasury Secretary Bessent are arranging a meeting to discuss "forex issues."
This comes as the US Dollar just fell to a 52-week low on tariff worries.
"Currency manipulation" was the #1 item on President Trump's "non-tariff cheating" list.
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BREAKING: Japan's Finance Minster Kato and US Treasury Secretary Bessent are arranging a meeting to discuss "forex issues."
This comes as the US Dollar just fell to a 52-week low on tariff worries.
"Currency manipulation" was the #1 item on President Trump's "non-tariff cheating" list.
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Offshore
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The Kobeissi Letter
Another day, another record high for gold.
$3,500/oz is just hours away at this rate.
Gold prices are now up +47% over the last 12 months. https://t.co/7nd0nXRAWe
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Another day, another record high for gold.
$3,500/oz is just hours away at this rate.
Gold prices are now up +47% over the last 12 months. https://t.co/7nd0nXRAWe
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Offshore
Photo
The Kobeissi Letter
Are corporate insiders starting to buy again?
The ratio of companies where insiders purchased their own stock versus sold rose to 0.42 in April, the highest in 16 months.
In the first 2 weeks of April, 180 corporate insiders purchased their stock while 451 sold.
Over the last 30 days, 478 insiders bought while 1,041 insiders sold, bringing the ratio up to 0.46, according to Washington Service data.
However, the ratio of buyers to sellers is still more than 50% below the 1.0 recorded during the 2022 bear market.
Executives are showing some signs of bullishness.
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Are corporate insiders starting to buy again?
The ratio of companies where insiders purchased their own stock versus sold rose to 0.42 in April, the highest in 16 months.
In the first 2 weeks of April, 180 corporate insiders purchased their stock while 451 sold.
Over the last 30 days, 478 insiders bought while 1,041 insiders sold, bringing the ratio up to 0.46, according to Washington Service data.
However, the ratio of buyers to sellers is still more than 50% below the 1.0 recorded during the 2022 bear market.
Executives are showing some signs of bullishness.
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Offshore
Video
soken
RT @crazyclipsonly: A high school student in China jumps out of building to express his true love https://t.co/m96l96VcbG
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RT @crazyclipsonly: A high school student in China jumps out of building to express his true love https://t.co/m96l96VcbG
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Offshore
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The Kobeissi Letter
BREAKING: Gold prices officially surge above $3,500/oz for the first time in history. https://t.co/q3MGwCLl42
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BREAKING: Gold prices officially surge above $3,500/oz for the first time in history. https://t.co/q3MGwCLl42
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Finding Compounders
A Forbes piece on Warren Buffett
How Omaha beats Wallstreet https://t.co/4100C2Ankm
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A Forbes piece on Warren Buffett
How Omaha beats Wallstreet https://t.co/4100C2Ankm
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