For the first time ever
Apple $AAPL is reportedly planning 3 straight years of major iPhone redesigns, according to Bloomberg 2025: The iPhone Air 2026: Foldable iPhone 2027: 20th anniversary iPhone with a curved glass Source: Mario Nawfal
😨 Worried about investing at all-time highs?
History says you shouldn’t be. Since 1989, forward returns after new highs have actually been better than at other times: 1yr: +13.5% vs +11.8% 3yr: +44% vs +39% 5yr: +82% vs +74%. Source: Charlie Bilello
⚠️US government spending is constantly rising
Social benefits now reflect 46% of all US government expenditures, an all-time high, excluding the 2020-2021 crisis. Social Security alone is accounting for 15.4%. This will only rise further as the US population is aging. Source: Global Markets Investor
Is data center capex about to hit an energy wall?
Source: Peter Berezin @PeterBerezinBCA
The German yield curve is steepening.
The gap between 2-year and 30-year bond yields has widened to its highest level since 2019 — driven by growing concerns over a looming surge in German government debt. Source: Bloomberg, HolgerZ
"Investors warn of ‘new era of fiscal dominance’ in global markets: Combination of record government debt and rising borrowing costs puts central banks under pressure."
Source: Mo El Erian, LSEG, FT
Nancy Pelosi's stock portfolio
Source: Sam Badawi @samsolid57, Carbon Finance
Eye-opening chart, while earnings of Magnificent 7 have had an unprecedented run, earnings of S&P 493 have been more or less stagnant since 2020.
Is the US economy really so strong? Source: Michel A.Arouet, Bloomberg
