Container bookings from China to the US are falling sharply ⚠️
Source: Markets & Mayhem, FT
If you bought European Stocks in 2000, you finally broke even after 25 years 🥳🍾🫂
And now you're praying that you didn't double top 🙏 Source: Barchart @Barchart
Mark Carney has won Canada’s election
The national broadcaster projected, but his parliamentary majority hangs in the balance after a campaign dominated by the country’s relationship with the US under Donald Trump. Carney’s party was on track to win the largest number of seats and the right to form a government as polls closed across much of the country on Monday, according to the Canadian Broadcasting Corporation. However, whether he could command a parliamentary majority or would have to depend on other parties to govern in a minority administration remained too close to call on Monday night. At 11pm in Toronto, the Liberals were ahead in 159 seats in the 343-seat House of Commons and the Conservatives in 142, according to the CBC, putting Carney’s party in a commanding position to form at least a minority government. Source: FT
President Trump’s first 100 days in office is the worst for the stock market since Richard Nixon’s presidency...
Source: Stocktwits
25% of U.S. Consumers are now using "Buy Now, Pay Later" to finance their groceries 🚨🚨
Probably Fine? Source: Barchart
Market-implied US recession chance: 23% (within the next year)
Source: Mike Zaccardi, CFA, CMT, Goldman Sachs
Trump’s first 100 days: the biggest stock winners and losers.
🚀 Winners: $PLTR | Palantir +57% $PM | Philip Morris +39% $DG | Dollar General +36% $VRSN | Verisign +31% $NEM | Newmont +30% $NFLX | Netflix +29% 😨 Losers: $DECK | Deckers Outdoor -48% $TER | Teradyne -44% $ZBRA | Zebra -40% $ALB | Albemarle -40% $DAL | Delta Airlines -36% $UAL | United Airlines -36% Source: The Future Investors
It remains unclear what caused the power outage in Spain and Portugal but this Bloomberg article published on Energy connects from the 11th of April is worth reading.
https://lnkd.in/e3rivJrV Here's an extract >>> Bloomberg) -- Spain is ignoring calls to reconsider its nuclear decommissioning plans, betting renewables and battery storage will make up for the upcoming energy shortfall. The country is plowing ahead with plans to shut down its seven nuclear reactors, which currently contribute 20% of its power mix, over the next decade. It’s also set to close its last coal plant this year. While it’s already only second to Germany in terms of renewable capacity in Europe, Spain is looking to fill the energy gap with more wind turbines, solar panels and giant batteries. The strategy isn’t completely fossil fuel free — as it would rely on natural gas plants as a backup for the foreseeable future. Yet it is a substantial wager on clean power: It depends on a still nascent energy storage industry in Spain to rapidly expand from just 3 gigawatts of capacity today to a target of 20 gigawatts by 2030. It also requires an unprecedented roll-out of wind and solar over the next five years. Spain is targeting 81% power generation from renewables by the end of this decade — from just above 50% in the past two years.“
