The Power of Vision or Why Exceptional Founders Embrace the Future, Define Their Destiny, and Forge the Path to Remarkable Success...
Source: R yan Junee
Looks like saudi arabia's balance of payments breakeven oil price (oil price that avoids a current account deficit) is now close to $85 a barrel...
This could explain why there is some scale back from NEOM + the need for oil prices to stay higher for longer... Source: Brad Setser
Global PMIs recovering nicely.
Source: Markets & Mayhem reposted Ayesha Tariq
The volatility index, $VIX, spiked 23% this week, the largest weekly jump since September 2023.
It also marked the highest weekly $VIX close since November 2023. Meanwhile, the Dow posted its worst week of 2024 so far. This week, we will receive crucial inflation data including CPI and PPI inflation. If CPI inflation rises again, it will mark the 3rd straight monthly increase in inflation. Will the VIX continue to increase? Source: Bloomberg, The Kobeissi Letter
US inflation has officially been at 3% or higher for exactly 3 years.
The Average American is now paying nearly 40% MORE for groceries than what they were paying in 2019. Over 100 food items have seen inflation above 50% since 2019...
Gold is rallying despite retail and institutional investors dumping.
This is bullish. But who is buying by the way? Central banks... Do they know something investors don't know? Source: BofA
No one can make more than 21 million Bitcoin.
Source: Bitcoin Magazine
Early retirements surged again in late 2023 with the gains in the stock market and home prices, leading to a record 2.7 million excess retirees in the US.
Source: Bloomberg, Charlie Bilello
