J.P. Morgan asked investors if they plan to increase or decrease exposure to stocks in the coming days/weeks
We’re down to only 17% of respondents who are looking to add to equity exposure. From a contrarian perspective, this is a positive. Source: J-C Parets
The world's most expensive commercial airplane ticket is a one-way flight on Etihad Airways from New York City/JFK to Abu Dhabi
Their first-class "The Residence" offers a separate bedroom and private bathroom. This flight lasts 12 hours and 30 minutes, costing approximately $88 per minute. Source: Genuine Impact
Very often, the market does not behave in the way geopolitical, macro or monetary developments would imply it would.
Financial markets fool the vast majority of investors and remain one of the best humbling lesson you can find. Source: Elizabeth Oliveira Fonseca
A big week ahead for US earnings
Almost 50% of the SP500 (by market cap) will report 2Q results this week including some of the Magnificent Seven ($MSFT $META $GOOGL) but also $T $VZ $BA $F $KO $INTC $GM $MMM $GE $V $XOM $MCD $MA $PG and $BMY. Source: Earnings Whispers
Rice prices have surged to multi-year highs. And with global rice inventories projected to fall to 6-year lows in the next 6 months, prices could go even higher
Source: Barchart, FT
What are the best airlines? This depends on how you quantify the best.
Source: Genuine Impact
S&P 500 technical analysis -> The $SPX has finally and for the first time since the bear market began in 2022 and bull market began on Oct. 2023, executed a bullish Monthly MACD Crossover.
Source: Seth Golden
Oil prices are set to rise in the second half of the year, as supply struggles to meet demand, according to an International Energy Forum official.
Joseph McMonigle, secretary general of the International Energy Forum, attributes the push in oil prices to an increasing demand from China and India - two of the biggest oil consumers right after the U.S. Source: CNBC
