Nice relative price chart by Jay R. Ligon at TheeDisruptor
The 7 C's (Cattle, Corn, Crude, Cocoa, Cotton, Copper, Coffee) vs Consumer Discretionary $XLY Why? It is a clear measure of the inelastic demand for commodities (the ultimate staples) versus elastic demand of discretionaries. Plus we can eye inflation at work and the strength of commodities.
Cocoa Biggest Loss in 65 Years 🚨
Chocolate lovers rejoice! Cocoa suffers biggest daily loss in 65 years. Source: Barchart
This ended up being pretty accurate 🎯
Source: Leandro - invesquotes
Change
Source: successpictures, Compounding Quality
72% EPS beat rate so far
6.6% EPS growth SPX ex-Fins & Energy Source: Mike Zaccardi, BofA
Stanford $35b endowment asset allocation
Source: Amend and Pretend
YARDENI on savings rate and labor supply shortage :
“.. retiring Baby Boomers are likely the reason that the personal saving rate is falling; they’re depressing the rate as they spend their retirement funds and no longer have earnings to save. In addition, they are spending at a record pace on labor-intensive services (restaurants, travel and entertainment, and health care), thus boosting labor demand ..” Source: LESG, Yardeni research
$TSLA Tesla Q1 2024 Revenue Breakdown: $21.30B
Source: The Future investors
