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Another look at yesterday's inflation report by MacroAlf.
This chart shows supercore inflation - a measure of sticky inflationary pressures Powell & Co often refer to: - It slowed down vertically towards ~3% until the end of last year - But since then it has now accelerated rapidly to 5.5%! Source: MacroAlf
Since February 2023:
1. Magnificent 7: +77% 2. S&P 500: +20% 3. Russel 2000: +5% 4. S&P 500 Equal Weight: +4% If you remove the Magnificent 7 from the S&P 500, the index is barely up 5% over the last year. Source: The Kobeissi Letter
Ranked: The Largest Stock Markets Over Time, by Country (1970-Today)
Source: Visual Capitalist
ChatGPT will create a digital memory to help personalize its responses
OpenAI is adding a feature that will allow ChatGPT to remember both information about individual users and how they want the chatbot to respond to different types of queries. The feature is rolling out to a small number of free and paid ChatGPT Plus subscribers. OpenAI says the memory feature will be made available to business customers once the company is ready to broadly release the feature. An incognito-like mode will be available allowing people to conduct queries without drawing on memories. source : axios
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