Markets start to be leaning towards this idea...
Source: Damaan, AKA "Philly's Finest"! @Damaan4u33
Mind the gap...
WisdomTree launches first European-only defence ETF. In white >>> Wisdom Tree Europe Defence index In yellow >>> NYSE Arca Defense Index (DFI) Source: Bloomberg, HolgerZ
The resilience of the yellow metal shines through as Gold reaches an All-Time High
Comparatively, other assets have experienced drawdowns from their respective All-Time Highs: - Berkshire $BRKB: -4% - Gold Miners $GDX: -4% - S&P 500 $SPY: -8% - Oil & Gas $XLE: -9% - NDX $QQQ: -12% - Transports $IYT: -15% - Mag7 $MAGS: -18% - Software $CLOU: -18% - Bitcoin $XBT: -22% - Banks $KRE: -22% - SOX AI $SOXX: -24% - Home Builders $ITB: -25% - ARK $ARKK: -68% Data Source: Lawrence McDonald
Ferrari, which spun out from Fiat seven years before Porsche went public, has raced ahead in the (nearly) 10 years since it hit the market.
Unlike its German rival, the Prancing Horse has kept investors enamoured with measuredly infrequent supercar drops, impressive delivery figures, a loyal customer base, and (unlike other luxury titans) its relatively low exposure to China — though even “relatively low” can still be too high. Ferrari shares were up 760% from its 2015 IPO at Tuesday’s close. Source: Chartr
No matter what happens in this world, the markets will always reach all-time highs every single time.
Keep investing. $SPY Source: StockWhale @thestockwhale
DOGE has had no impact
Deficit in 2025 is bigger than 2024, 2023… Source: The Long View @HayekAndKeynes
February inflation data is out…
• PPI 3.2% YoY, (Est. 3.3%) • PPI 0% MoM, (Est. 0.3%) • PPI Core 3.4% YoY, (Est. 3.5%) • PPI Core -0.1% MoM, (Est. 0.3%)
Bonds don't love the cooler-than-expected February CPI report
Weakness in airfares may not show up in the PCE, the Fed's preferred gauge, which pulls that price data from the PPI And still-firmer goods prices could lead to core PCE, for a change, running higher than core CPI Source: Nick Timiraos @NickTimiraos
