The last time 10Y yields were this far above $SPX dividend yields was September 2007, the month stocks peaked
Source: zerohedge
The 2,850% gain in $AMC shares during the 2021 meme stock mania has been completely erased after a 98% decline
Barbie and Oppenheimer movies could not do anything about it Source chart: Charlie Bilello
Global liquidity slump could become a drag on risk assets
Source: Bloomberg, HolgerZ
CBOE Volatility Index $VIX has closed under 19 for 64 consecutive trading days, the longest streak since early 2020
Source: Barchart
Rice likely to get even more expensive as India imposes additional restrictions
India further tightens rice exports as the government sets a floor price of $1,200 per tonne for basmati rice exports. India also imposes a 20% tax on rice sales abroad. Rice is a staple food for half the world. Source: Barchart, Bloomberg
Zillow expects U.S. home prices to jump by 6.5% over the next 12 months
Source: Barchart, Fortune
OpenAI on Monday announced its biggest news since ChatGPT’s debut: It’s launching ChatGPT Enterprise, the AI chatbot’s business tier, available starting today
The tool has been in development for “less than a year” and had the help of more than 20 companies of varying sizes and industries, including Block, Canva and The Estée Lauder Cos. ChatGPT Enterprise includes access to GPT-4 with no usage caps, as well as performance up to two times faster than previous versions and API credits. ChatGPT Enterprise provides all the core capabilities of ChatGPT like essay writing and coding assistance. But it also adds enterprise-grade features like enhanced privacy controls, usage analytics, and performance boosts. This puts it on par with Microsoft's Bing Chat Enterprise in terms of targeting workplace usage. With ChatGPT Enterprise, companies get admin tools to manage employee access, shareable conversation templates to build workflows, and API credits for custom integrations. Source: CNBC, cyberkendra
UPS was founded this day in 1907. It launched in the basement of a bar and the founders were still teenagers
They had two bicycles for deliveries. They borrowed $100 to get started. That’d be about $3,200 now. Today, UPS generates $3,200 in revenue every 2 seconds. Source: Jon Erlichman
