EGGS-ORBITANT! PRICES CRACK NEW RECORDS AS BIRD FLU STRIKES
A dozen eggs now costs $4.95 - up a shell-shocking 238% since 2021. U.S. farms forced to eliminate 34M hens in recent months as bird flu decimates supply chains. USDA Report: "The timing and scope of HPAI outbreaks has created an imbalance in the nation's supply of table shell eggs" While Americans aren't exactly walking on eggshells about cheese (1%) and bananas (4%), other staples like coffee (53%) and beef (40%) continue to burn holes in wallets. Source: Statista
2025 US earnings estimates are tracking above the typical path.
Source: Goldman Sachs via @MikeZaccardi
US inflation decline has slowed but is NOT re-surging:
US inflation metrics which exclude outliers and one-time bumps as still declining but at a slower rate. January is also the seasonally worst month as firms tend to announce price raises at the start of the calendar year. Source: Global Markets Investor
Goldman's basket of Ukraine reconstruction beneficiaries has dramatically outperformed defence stocks since Trump's election.
It's composed of industrials/infrastructure stocks. Source: www.zerohedge.com, Goldman
GameStop surged +20% on news it is considering buying Bitcoin with its $4.6 BILLION cash balance.
Source: Radar 𝘸 Archie
The success of Chinese artificial intelligence (AI) start-up DeepSeek is prompting investors to reassess the nation’s technology companies.
The Hang Seng Tech Index, whose biggest members include Tencent Holdings, Alibaba Group Holding and Xiaomi, approached a four-month high on Thursday, after rallying more than 10 per cent over the past two weeks, while the broader Hang Seng Index climbed about 6 per cent. As shown on the chart below, the valuation gap between Chinese stocks and the Mag7 remains massive. Source: Compounding Quality @finvibe
We don't necessarily see many China cars in so-called "developed countries".
But in the rest of the world, the number of Chinese cars we can see on the road is shocking. No surprise to see the numbers of Chinese cars exports skyrocketting as shown on this chart courtesy of Lyn Alden.
BREAKING: January PPI inflation unexpectedly RISES to 3.5%, above expectations of 3.2%.
Core PPI inflation was 3.6%, ABOVE expectations of 3.3%. PPI inflation is now at its highest since February 2023 while CPI jumped +0.5% month-over-month. Source: The Kobeissi Letter
