The Biden administration announced it would automatically cancel education debt for 804,000 borrowers
The Biden administration announced it would automatically cancel education debt for 804,000 borrowers, for a total of $39 billion in relief. The debt cancellation is a result of the administration’s fixes to repayment plans, which included updated counts of borrowers’ payments. Source: CNBC
$JPM JP Morgan Chase Q2 FY23 numbers
$JPM JP Morgan Chase Q2 FY23 numbers • Net revenue +34% Y/Y to $41.3B ($2.5B beat). • Net Income $14.5B. • EPS: $4.37 ($0.61 beat). • CET1 ratio of 13.8%. $2.7B First Republic bargain purchase gain in Corporate. Source: App Economy Insights
Disinflationary trends in the US
Disinflationary trends in the US 1) CPI Inflation: 3.0%, Lowest since March 2021. 2) PPI Inflation: 0.1%, Lowest since August 2020. 3) Import Prices: -6.1%, Lowest since May 2020. 4) Export Prices: -12%, Lowest on record. Source: Charlie Bilello
Disinflation is on the way in Germany
Disinflation is on the way in Germany. Wholesale prices dropped 2.9% YoY in June, an acceleration from the 2.6% decline from May & the biggest annual decrease since June 2020. Lower wholesale prices could translate to falling #inflation in Germany. Source: HolgerZ, Bloomberg
The NASDAQ (in yellow) has been massively decoupling from the FED balance sheet (in purple)
Source: The Market Ear, Refinitiv
S&P 500 peak in January 2022 vs. peaks in October 2007 and March 2000...
Source: Charlie Bilello
Nasdaq vs Yield Curve
Source: AmplifyME/ Anthony Cheung
"AI is the 4th era and the biggest age of computing"
"AI is the 4th era and the biggest age of computing" A great visual from $AMAT's recent earnings presentation covering the three historic eras of computing, dating back to 1980, and the future potential of the new AI era. Source: Quartr
