2026 has so far seen the second strongest relative performance for equal weight versus cap weight since 1990
Source: Bespoke
how corporates are shifting their uses of cash.
The biggest standout here is that funds are not being returned to shareholders as before, i.e., dividends and buybacks have certainly taken a hit. Source: Goldman Sachs, Ayesha Tariq, CFA @AyeshaTariq
Without comments
Source: Trend Spider
Us Tariffs range from 8.3% to 15.3%
The headline: The trade-weighted average US tariff rate is now 13.2% under Section 122 at 15%. That's down from 15.3% before the ruling, but well above the 8.3% that would have applied with no replacement. Source: Global Trade Alert
Amazon Is Hiring Robots While Cutting Human Jobs
Source: Visual Capitalist
What is the size of the yen carry trade?
There are various types and forms of the yen carry trade. This table from our comprehensive report on this topic shows that its size is substantial. Using conservative estimates, I would put it at $1 trillion.
How much of China AI depends on US
Source: The Times Of India @timesofindia
Number of S&P Stocks Beating Index Is at Record (Bloomberg)
Roughly 66% of the individual stocks in the S&P 500 are beating the index so far this year — which would put it on pace for the highest level of breadth in the market in records going back to 1986. Source: Bloomberg, Christian Fromhertz
