Global Distribution of Wealth
The United States is the country with the most of wealth in the world. In fact, seven countries account for 69% of the world's wealth. These seven countries are the United States, China, Japan, Germany, the United Kingdom, France, and India. Source: Genuine Impact
New cobalt, copper, lithium and nickel mines needed
Per a McKinsey report, the current 500 cobalt, copper, lithium and nickel mines operating today will need to almost double to 900 in order to meet battery demand. Almost 80% increase in mines needed.
2Q US Earnings Season
S&P 500 earnings reporting by market cap. Two more weeks and then the boom... Source: MS, TM
Capitalizing vs. Expensing
Source: Oana Labes
Manufacturing Construction Spending in the US continues to hit new highs, increasing 76% over the last year
Manufacturing Construction Spending in the US continues to hit new highs, increasing 76% over the last year - Source: Charlie Bilello 'Commerce Department figures show that spending on manufacturing structures came to nearly 0.5% of gross domestic product—the most since 1991. In the second quarter, that GDP share looks destined to be higher. Chalk it up to the CHIPS and Science Act and the Inflation Reduction Act, both passed in August last year.' - WSJ
The biggest hedge fund in the world says ChatGPT was able to pass its investment associate test
The biggest hedge fund in the world says ChatGPT was able to pass its investment associate test and it's like 'having millions of them at once' Source: Business insider
Market Expectations Seem Quite Low
As we enter us q2 earnings season, market expectations seem quite low Source: Bloomberg
Africa Natural Reserves
Africa has about 12% of the world’s oil reserves, 42% of its gold, 80%–90% of chromium and platinum group metals, and 60% of arable land in addition to vast timber resources. Source: MentorQpro