US Households have now run out of excess savings.
Current levels are worse than even 2019. The hard part is that this is happening just as the labor market has started to weaken. Source: Game of Trades
“I don’t mind at all under current conditions building the cash position."
"When I look at what’s available in equity markets and the composition of what’s going on in the world, we find it quite attractive." - Warren Buffett
Apple has bought back $625 billion in stock over the past 10 years, which is greater than the market cap of 492 companies in the S&P 500.
$AAPL Source: Charlie Bilello
JUST IN: Bitcoin has officially processed over 1 billion transactions.
In a fully decentralized way and without a single glitch... Source: Bitcoin Magazine
Electric vehicles companies are cash-rich...
Here’s a look at the cash vs. long-term debt for EV companies: $TSLA $RIVN $NIO $XPEV $LI Source: YCharts, Beth Kindig
Apple's $AAPL iPhone revenue every Q1 since the smartphone was first introduced
Source: Evan
A brutal reversal for ESG focus ETFs
Source: Bloomberg
Odds of a September 2024 rate cut jump to 53% after the weaker than expected jobs report, according to Kalshi.
The base case now shows TWO interest rate cuts in 2024, up from ONE prior to the report. On Wednesday, Fed Chair Powell specifically said weakening of the labor market could spur rate cuts. Market implied odds of zero interest rate cuts this year have dropped from 35% to 27%. The Fed rollercoaster ride continues. Source: The Kobeissi Letter
