The Economist revised forecast shows the presidential election between Kamala Harris and Donald Trump is, in effect, a toss-up.
Source: The Economist
Is long AI short yen the same trade?
Gray line is 30-year T-bond yield relative to tech 12 month forward earnings yield ratio Dotted green line is EUR/JPY Source: www.zerohedge.com
China reported record levels of silver imports.
Source; Tavi Costa, Crescat Capital, Bloomberg
JUST IN 🚨: Odds of a 50 bps interest rate in September has plummeted to less than 25%
Source: Barchart
BREAKING 🚨 The S&P 500 has added nearly $4 TRILLION in market cap since the August 5th bottom
That's $4 trillion in 9 trading days or $444 billion PER TRADING DAY since August 5th. Source: The Kobeissi Letter
US Chips Act is reshaping global semiconductor landscape
• America looks set to produce around one-third of global supply for leading-edge chips by 2032 • US rise will come at expense of South Korea, which could become minor player for top-notch chips Source: Agathe Demarais
Walmart CEO on using AI
"We've used multiple LLMs to accurately create or improve over 850,000,000 pieces of data in the catalog. Without the use of hashtag#generativeAI, this work would have required nearly 100X the current headcount to complete in the same amount of time" $WMT Source: The Transcript
$WMT Walmart Q2 FY25 (ending in July):
• Revenue +5% Y/Y to $169.3B ($1.9B beat). • Non-GAAP EPS $0.67 ($0.02 beat). • Walmart US comp sales +4%. • E-commerce +21% Y/Y. • Advertising +26% Y/Y. FY25 Guidance: • Net sales +3.75% to 4.75% Y/Y (0.75% raise). Source: App Economy Insights
