An electric vehicle car crash?
As shown below, Battery-electric new car registrations (March 2024, yoy) are crashing in most European countries. Source: Michael A.Arouet
How is it possible? Below is the number of initial filings for unemployment insurance.
Five of the last six weeks, the exact same number. Effectively the same number in the last 11 weeks, except for the holiday weeks (President's Day and Easter). As highlighted by Jim Bianco, how is this statistically possible? --- Consider The US is a $28 trillion economy. It has 160 million workers. Initial claims for unemployment insurance are state programs, with 50 state rules, hundreds of offices, and 50 websites to file. Weather, seasonality, holidays, and economic vibrations drive the number of people filing claims from week to week. Yet this measure is so stable that it does not vary by even 1,000 applications a week. Just the number of applications incorrectly filed out every week should cause it to vary more than this...
BREAKING: US oil futures surge above $85/barrel after reports of a retaliatory strike by Israel in Iran.
Iran has just suspended all flights to Tehran, Isfahan and Shiraz. Stock market futures are down nearly 1% on the news. Source: The Kobeissi Letter
Is the US stock market becoming THE world stock market?
Source: Sam Ro
Pension Funds are now withdrawing billions of dollars from the stock market and instead allocating to bonds and private markets.
CalPERS, the country's largest public pension fund, is reportedly planning to withdraw $25 billion from stocks soon. Source: Barchart, Reuters
Positive Thinking
Source: Habit Hustler
"Make America Great Again" by Joe Biden
Micron $MU is set to receive over $6 Billion in chip grants from the 🇺🇸 to help pay for domestic factory projects - Bloomberg Source: Bloomberg, Evan
The problem with the world is that fools and fanatics are alwyas so certain of themselves, and wiser people so full of doubts
Source: Charlie Munger Fans
