Capitalizing vs. Expensing
Source: Oana Labes
Manufacturing Construction Spending in the US continues to hit new highs, increasing 76% over the last year
Manufacturing Construction Spending in the US continues to hit new highs, increasing 76% over the last year - Source: Charlie Bilello 'Commerce Department figures show that spending on manufacturing structures came to nearly 0.5% of gross domestic product—the most since 1991. In the second quarter, that GDP share looks destined to be higher. Chalk it up to the CHIPS and Science Act and the Inflation Reduction Act, both passed in August last year.' - WSJ
The biggest hedge fund in the world says ChatGPT was able to pass its investment associate test
The biggest hedge fund in the world says ChatGPT was able to pass its investment associate test and it's like 'having millions of them at once' Source: Business insider
Market Expectations Seem Quite Low
As we enter us q2 earnings season, market expectations seem quite low Source: Bloomberg
Africa Natural Reserves
Africa has about 12% of the world’s oil reserves, 42% of its gold, 80%–90% of chromium and platinum group metals, and 60% of arable land in addition to vast timber resources. Source: MentorQpro
According to Goldman, India is poised to become the world’s second largest economy by 2075 behind China but ahead of the US
Source: CNBC
Hedge Funds YTD returns by strategy as of June 30th
Source: Aurum
One in six asset management groups to disappear by 2027, says Pwc
16% of existing asset and wealth managers will either be out of business or acquired by larger companies by 2027 according to PwC. The asset management industry faces dramatic consolidation over the next four years as one in six companies could disappear because of a mix of market volatility, high interest rates and pressure on fees. Source: FT, Barchart