The cost of Nutella in Germany is rising faster than overall inflation.
A 750g jar has gone up by nearly 40% since 2019, far outpacing Germany’s general inflation rate of 21.8% over the same period. But this isn’t just about hazelnut spread: food prices in Germany as a whole have climbed by 38.4% since the end of 2019, according to Eurostat’s Food CPI. That’s much higher than in Italy (+29.5%) or France (+25.9%), highlighting how sharply grocery bills have risen in Germany. Source: Bloomberg, HolgerZ
Isn't this the time of year when volatility typically picks up?
Source: Lance Roberts
Norwegian sovereign wealth fund boosts bitcoin exposure 192% to $844 million
Source: Bitcoin News
Perplexity, valued at $18 billion, is offering $34.5 billion to buy Google Chrome.
Source: CNBC
Breaking out to new highs.
Like the sell-off never even happened. $SPY | $QQQ Source: Trend Spider
The most-hated rally ever ??
A record 91% of fund managers say U.S. stocks are overvalued (BofA fund manager survey). Meanwhile, the S&P 500 index continues on its V-shaped recovery track and remains in the running for the fastest and strongest recovery ever following a 20% drawdown ‼️ Source: Fidelity
The S&P 500 closed at another all-time high, its 16th of the year.
This follows 57 all-time high in 2024, the 5th most of any year in history. $SPX Source: Charlie Bilello
The US president said he was nominating the 'Highly Respected Economist' EJ Antoni from the right wing Heritage Foundation to chair the agency
After firing the former commissioner for a gloomy jobs report he claimed was 'rigged' https://on.ft.com/3UkAOWG Source: FT
