A "Goldilocks" us job report -> risk assets
Gold and digital gold rally after a soft US Jobs report. February Non-Farm-Payrolls beat estimates with 275k new jobs BUT 2 months revisions look notable with -167k. Unemployment rate rose to 3.9% from 3.7% and hourly earnings weaker than expected w/+0.1% MoM. January’s blow-out release has been relativized. Source: HolgerZ, Bloomberg
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Energy dependence and independence summarized in one chart
Source: JPMAM
P/E expansion explains recent S&P 500 rally
Source: Goldman Sachs, TME
Inflation-adjusted US government spending since 2020 exceeds the combined spending of:
- World War I - World War II - 1970 to 1990 Source: Game of Trades
BlackRock to buy Bitcoin ETFs through its $15b Global Allocation Fund.
Source: Bitcoin Archive
ECB’s Lagarde signals June rate cut w/2% inflation in sight.
Markets agree and price in 97bps cut for 2024. Source: Bloomberg, HolgerZ
Happy international womens day 2024
"In the future, there will be no female leaders. There will just be leaders." Sheryl Sandberg This quote by Sheryl Sandberg, the former COO of Facebook, is about advocating for gender equality in leadership positions. She is proposing a future where gender is not a factor in determining leadership potential, and where people are simply judged on their merits and qualifications. Source: UK Artificial Intelligence
Interesting chart showing the # of stocks that are up 100%+ YoY with a price to sales ratio greater than 10 over time.
Currently not nearly as frothy as the Dot Com bubble peak months and the peak months during the meme stock rally in late 2020/early 2021. Source: Bespoke
