31 May 2024
Momentum is the winner YTD 🏆
Source: The Long view
31 May 2024
It's hard to understate just how unprecedented the scale of US fiscal stimulus is at the moment.
Not only is the deficit massive for a non-crisis period, but its financing is almost entirely via very short-term issuance, which has never been the case before in a non-crisis time. Source: Robin Brooks
31 May 2024
Software stocks got hammered yesterday.
iShares Tech Software Sector ETF finished -5.8% (biggest daily drop since the pandemic w/Salesforce DOWN 20% (worst session in ~20 years), UiPath -35%, Okta -6%, Mongo DB -24%. Source: Bloomberg, HolgerZ
31 May 2024
Speculators have built the largest Brent Oil short position since 2020
Source: Barchart, Bloomberg
31 May 2024
Risk-taking
Source: Business Insider
31 May 2024
Funny...
Source: NBC News
30 May 2024
Foodflation! Prices at McDonald's $MCD have doubled over the last decade.
Source: Barchart
30 May 2024
The Orange Juice crisis is upon us 🚨 What will be the next fruit to get sent? Mango, Pineapple, Kiwi?
Source: Barchart, FT
