Holger Zschaepitz
@holger-zschaepitz.bsky.social
Holger Zschäpitz is market maniac
@Welt
and Author of 'Schulden ohne Sühne?' a book on states' addiction to debt. Pics: http://instagram.com/schuldensuehner
@Welt
and Author of 'Schulden ohne Sühne?' a book on states' addiction to debt. Pics: http://instagram.com/schuldensuehner
Pinned
Already thinking about Friday today. On August 11, we launch the successful podcast Deffner and Zschäpitz on TV at 17.45 CET on WELT Fernsehen.
Is the Buffett rule sounding the alarm? Since the 1990s, global financial assets have grown from 75% to over 200% of world GDP. (via Goldman)
October 19, 2025 at 2:07 PM
Is the Buffett rule sounding the alarm? Since the 1990s, global financial assets have grown from 75% to over 200% of world GDP. (via Goldman)
All the Magnificent 7 stocks are now in positive territory for the year!
September 22, 2025 at 8:50 PM
All the Magnificent 7 stocks are now in positive territory for the year!
September 22, 2025 at 8:35 PM
As long as the music is playing, you've got to get up and dance. The latest Bank of America fund manager survey brings back memories of Chuck Prince. Most fund managers admit markets look overpriced. Yet–they keep on dancing.
September 16, 2025 at 8:14 PM
As long as the music is playing, you've got to get up and dance. The latest Bank of America fund manager survey brings back memories of Chuck Prince. Most fund managers admit markets look overpriced. Yet–they keep on dancing.
After today’s Tesla rally, just one of the Magnificent 7 stocks is still negative for the year: Apple!
September 15, 2025 at 9:30 PM
After today’s Tesla rally, just one of the Magnificent 7 stocks is still negative for the year: Apple!
Good Morning from Germany! No charts, no market caps, no economic data, no yields, and definitely no terminal rates today—just this rich, high-calorie cheesecake filled w/poppy seeds and topped w/strawberries!
May 9, 2025 at 7:44 AM
Good Morning from Germany! No charts, no market caps, no economic data, no yields, and definitely no terminal rates today—just this rich, high-calorie cheesecake filled w/poppy seeds and topped w/strawberries!
Despite all the talk about tariffs, long-term #inflation expectations have stayed stable — or even gone down. The so-called 5y5y inflation expectations are currently at 2.03% for Europe and 2.36% for the US.
April 18, 2025 at 8:41 AM
Despite all the talk about tariffs, long-term #inflation expectations have stayed stable — or even gone down. The so-called 5y5y inflation expectations are currently at 2.03% for Europe and 2.36% for the US.
Last one standing! Among the top European stocks—dubbed the "EU Granolas" by Goldman Sachs—Nestlé (the "N" in Granolas) is the only one still firmly in positive territory this year. The others have dropped, some significantly, following profit warnings or investors taking profits
April 17, 2025 at 6:55 PM
Last one standing! Among the top European stocks—dubbed the "EU Granolas" by Goldman Sachs—Nestlé (the "N" in Granolas) is the only one still firmly in positive territory this year. The others have dropped, some significantly, following profit warnings or investors taking profits
#Gold has hit another ATH, as the escalating trade war boosts demand for safe-haven assets.
It’s not just countries like China driving demand — investors are also pouring money back into gold ETFs.
It’s not just countries like China driving demand — investors are also pouring money back into gold ETFs.
April 17, 2025 at 9:32 AM
#Gold has hit another ATH, as the escalating trade war boosts demand for safe-haven assets.
It’s not just countries like China driving demand — investors are also pouring money back into gold ETFs.
It’s not just countries like China driving demand — investors are also pouring money back into gold ETFs.
OUCH! US Consumer Confidence Expectations tumble to lowest in 12 years. The Conference Board’s measure of expectations for the next 6mths dropped nearly 10 points to 65.2.
March 25, 2025 at 7:04 PM
OUCH! US Consumer Confidence Expectations tumble to lowest in 12 years. The Conference Board’s measure of expectations for the next 6mths dropped nearly 10 points to 65.2.
SAP has overtaken Novo Nordisk as Europe's largest publicly listed company, with a market cap of €313.5bn.
March 24, 2025 at 9:04 AM
SAP has overtaken Novo Nordisk as Europe's largest publicly listed company, with a market cap of €313.5bn.
Good Morning from #Germany, which has climbed 2 spots in the World Happiness Ranking—from 24th to 22nd—but is still 3 places below the long-term average. And Germany is behind Mexico or the United Arab Emirates but is happier off than the US.
March 24, 2025 at 8:58 AM
Good Morning from #Germany, which has climbed 2 spots in the World Happiness Ranking—from 24th to 22nd—but is still 3 places below the long-term average. And Germany is behind Mexico or the United Arab Emirates but is happier off than the US.
Good Morning from Germany where gas storage levels have dropped below the critical 30% mark. However, plans to adjust Europe’s storage targets and the potential return of some Russian pipeline gas have pushed spot gas prices down.
March 20, 2025 at 10:13 AM
Good Morning from Germany where gas storage levels have dropped below the critical 30% mark. However, plans to adjust Europe’s storage targets and the potential return of some Russian pipeline gas have pushed spot gas prices down.
Good Morning from #Germany, where the incoming chancellor Friedrich Merz has already lost public trust after completely reversing his stance on the debt brake & his controversial tactics to secure a two-thirds majority for its revision. Only 24% of Germans see him as trustworthy.
March 19, 2025 at 10:38 AM
Good Morning from #Germany, where the incoming chancellor Friedrich Merz has already lost public trust after completely reversing his stance on the debt brake & his controversial tactics to secure a two-thirds majority for its revision. Only 24% of Germans see him as trustworthy.
#China 30yr CGB yield rose by 30bps since mid-Feb, sharpest rise since 2020 driven by a combination of property market stabilization in top tier cities, equity Risk On, stretched valuation, large supply, delayed PBoC rate cut expectation and the central banks.
March 18, 2025 at 8:42 AM
#China 30yr CGB yield rose by 30bps since mid-Feb, sharpest rise since 2020 driven by a combination of property market stabilization in top tier cities, equity Risk On, stretched valuation, large supply, delayed PBoC rate cut expectation and the central banks.
Good Morning from #Germany. In Jan, the deficit in services widened to €6bn. For all of last year, the deficit reached €74bn, up from €63bn in 2023.
March 17, 2025 at 8:27 AM
Good Morning from #Germany. In Jan, the deficit in services widened to €6bn. For all of last year, the deficit reached €74bn, up from €63bn in 2023.
In case you missed the #stagflation chart: The Michigan sentiment survey for March looked rough. Expectations dropped sharply—falling nearly 10 points to 54.2 from 64 in February—while long-term inflation expectations surged, jumping 40bps to 3.9%.
March 16, 2025 at 1:51 PM
In case you missed the #stagflation chart: The Michigan sentiment survey for March looked rough. Expectations dropped sharply—falling nearly 10 points to 54.2 from 64 in February—while long-term inflation expectations surged, jumping 40bps to 3.9%.
Good Morning from #Germany, where incoming Chancellor Friedrich Merz has reached a deal with the Greens on the country's €1,000bn debt plan, HB reports. As a result, German 10y yields have jumped to 2.93%.
March 14, 2025 at 6:25 PM
Good Morning from #Germany, where incoming Chancellor Friedrich Merz has reached a deal with the Greens on the country's €1,000bn debt plan, HB reports. As a result, German 10y yields have jumped to 2.93%.
OUCH! The S&P 500 fell 1.4% to a 6mth low, down 10.1% from recent high and so in correction territory. First 10%+ drawdown since 2023.
March 14, 2025 at 6:23 PM
OUCH! The S&P 500 fell 1.4% to a 6mth low, down 10.1% from recent high and so in correction territory. First 10%+ drawdown since 2023.