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The Mag 7 has consistently blown the doors off EPS estimates
Mag 7 EPS growth is expected to hit 14% this quarter Source: Mike Zaccardi, CFA, CMT, MBA, JP Morgan, Bloomberg
LOOK OUT: $ETHA iShares ethereum Trust ETF just hit $10b in one year flat, the 3rd fastest ETF to hit that mark in history after (you guessed it) two bitcoin ETFs $IBIT & $FBTC.
Amazingly it went from $5b to $10b in just 10 days. The ETF is Top 5 in flows for the last month and the week Source: Bloomberg, Eric Balchunas
Foreign Investors now own $2.5 Trillion more in U.S. Stocks than U.S. Debt, the widest gap ever
Source. Barchart, BofA
BREAKING >>> Trump spars with Powell over renovation costs during Fed visit, but says not ‘necessary’ to fire chairman
Trump: It looks like it’s about $3.1 billion Powell: I’m not aware of that. Trump: It just came out Powell: You just added in a third building Trump: It’s a building that’s being built Powell: It was built five years ago. Source: @SpencerHakimian
UBER TO LET WOMEN AVOID MALE DRIVERS IN NEW SAFETY PILOT
Starting next month, Uber will allow women drivers and riders to opt for same-gender pairings in Los Angeles, San Francisco, and Detroit. VP Camiel Irving: “It’s about giving women more choice, more control, and more comfort." The move follows similar tests in countries like France, Germany, and Argentina, and comes amid long-standing safety concerns on ride-hailing platforms. Source: CNBC thru Mario Nawfal
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