hey, capex is good. It will pay off” consider the historical record
Source: Peter Berezin @PeterBerezinBCA
AI Risk Is Dominating Conference Calls as Investors Dump Stocks
Source: Bloomberg
A Stock Market Doom Loop Is Hitting Everything That Touche AI
Source: Bloomberg
Bitcoin $BTC has repeatedly shown an uncanny ability to move in the opposite direction of what the prevailing narrative would suggest.
Source: Beth Kindig @Beth_Kindig
~$9.6 trillion of U.S. marketable government debt will mature over the next 12 months, the most ever.
That’s roughly 1/3 of ALL outstanding public debt that needs to be refinanced. Most of it was originally issued when rates were near zero. Now it refinances at 4–5%. The math: even a 2% average rate increase on $9.6T = ~$192B in added annual interest costs alone. For context, net interest on U.S. debt is already on pace to exceed $1 trillion/year in 2026, more than the defense budget. The largest refinancing wall in history is here. Source: @NoLimitGains on X
US equities market broadening in a few pics.
“Old economy” and interest-rates sensitive sectors have been outperforming lately Note there are also parts of the economy which are LESS subject to AI-disruption Source: Bloomberg, RBC
In Germany, gas storage levels have fallen below 24%
a record low for this time of year. Typically, storage levels average around 50.7% at this point. At 23.95%, inventories are also at their lowest level since May 2018. Source: Bloomberg, HolgerZ
The "Feel good story of the day".
If you invested $10,000 in Beyond Meat in 2021, today you would have $41. The stock was as fake as the meat. Source: Brew Markets @brewmarkets Wall Street Mav
