105bps of fed rate cuts are now priced into 2024.
Source: Mike Z.
BREAKING: US July PP inflation falls to 2.2%, below expectations of 2.3%
Core PPI inflation falls to 2.4%, below expectations of 2.7%. This is the first drop in Core PPI YoY since December last year... In another constructive sign, PPI inflation is now at its lowest level since March 2024. A September hashtag#fed rate cut seems to be on its way. PPI numbers in a nutshell: - PPI 0.1% MoM, Exp. 0.2% - PPI Core 0.0% MoM, Exp. 0.2% - PPI 2.2% YoY, Exp. 2.3% - PPI Core 2.4% YoY, Exp. 2.6% Source: The Kobeissi Letter, US Department of Labor, Mike Z.
The Interest Expense on US Public Debt rose to a record $1.11 trillion over the last 12 months, more than doubling over the past two years
At the current pace it will soon be the largest line item in the Federal budget, surpassing Social Security. Source: Charlie Bilello
Athletes from four California universities won 89 Olympic medals. (The United States won 126 total).
Athletes from Stanford University alone won more medals than all but seven countries in the world. Source: Erik Brynjolfsson
Bitcoin, ETFs on track to surpass the Satoshi stack by the end of 2024
Source: Bitcoin news
CTAs are projected to sell global stocks in every single scenario over the next week, up to a total of $64 billion if the market trades lower, warns Goldman Sachs!
Source: GS, Barchart
If you invested $1 in Altria, you would have $2.6 million today, making it the best-performing stock in history, according to research from Arizona State
Altria has generated a cumulative compound return of 265,528,900.62% since data began being recorded. Here are the others. Source: Barchart
Lockheed Martin $LMT hits highest closing price in history
Source: Barchart
