Barbie to top $1 billion at the global box office Sunday
The blockbuster from Warner Bros. Discovery and Mattel will top $1 billion in global ticket sales, before the end of the weekend, according to estimates from the studio. Final numbers will be released Monday. Only around 50 other films have reached this benchmark. Gerwig joins Anna Boden, co-director of Disney’s “Captain Marvel,” as the only two women to helm a billion-dollar film. “Captain Marvel” reached just shy of $1.13 billion during its theatrical run in 2019, according to data from Comscore. This also marks the first billion-dollar film for the newly minted Warner Bros. Discovery, which merged in 2022, and only the second movie released in 2023 to do so. Universal’s “The Super Mario Bros. Movie” has topped $1.3 billion since its April debut. Source: CNBC
BlackRock's Circular Economy Fund invests in companies that focused on ♻️sustainability and reducing waste.
The fund's diverse portfolio includes waste management companies such as Waste Management and Republic Services, beverage company Coca-Cola, and manufacturer ASML, among others. Chart by Genuine Impact
Despite the strong upward move of the Citigroup US economic Surprises index and the strong YTD performance of financial assets, there are signs that things are that rosy for the SU economy
Source: TaviCosta
Hedgeye about investors going nuts (do they?)
Source: Hedgeye
If the S&P500 is going to take a well-deserved break, this would be a perfectly logical time in the cycle for that to happen according to S&P 500 pre-election cycle
Source: J-C Parets
Paradigm shift -> A recent study by Fidelity & Binance shows that 81% of surveyed institutional investors are adding digital assets as part of their strategies...
Source: Michela Silvestr
The supply story in oil is getting worse
Source: MenthorQ
Why a "hawkish hold" by the Fed remains a high probability outcome.
The bar for the Fed to start cutting interest rates is high. It is also worthwhile to remember that Powell job remains a difficult one in light of what has been taking place since the start of the hiking rates cycle and more recently. Indeed, 1) the unemployment rate is exactly where it was when the Fed started hiking last March...(hot job market = wage pressure =higher inflation) - see UPPER CHART BELOW 2) Financial conditions are now far easier than where they were last September... 3) The S&P 500 is back where it was just as the Fed started hiking - see LOWER CHART 4) Meanwhile, commodity prices are starting to ramp up, which could add upward pressure on headline inflation. Bottom line: while markets expect rate cuts to soon follow due to cooling inflation, there is a very decent probability that the Fed might be forced holding tight. Source: Bloomberg, www.zerohedge.com