No rest for the wicked, today has been busy! Here are a few highlights to finish the week
SNAP ACQUIRES NEXTMIND
Before joining Snap (NYSE:SNAP), NextMind developed non-invasive brain-computer interface (BCI) technology in order to enable easier hands-free interaction using electronic devices. Soon your tech will be able to read your mind! (More).
MORE GAS PLEASE
The US and the EU have announced a major deal on liquified natural gas, in an attempt to reduce Europe's reliance on Russian energy. BUT before you get too excited, it's only the equivalent of around 10% of the gas it currently gets from Russia and it will take several months to get to that level.
COMMODITIES THE PLACE TO BE
Markets are now pricing in 8 more rate hikes in 2022. In fact, Citi is now calling for FOUR consecutive 50 bps Fed hikes in 2022! In 1972, there were 9 rate hikes and it was commodities that outperformed all major asset classes.