In the us, soft data (less reliable) has surprised to the upside a lot more than the hard data (more reliable) since the start of the year.
Source: Bob Elliott, The Daily Shot
Nvidia's $NVDA Revenue by product segment over the last 5 years
Source: Visual Capitalist
A funny one by Trend Spider
True story $SPY
The S&P 500 has not had a weekly drop of 2% or more since the week of October 23rd, 2023.
There have only been a total of TWO weekly drops in the entire 2024 so far. Since October 2023, the S&P 500 has added almost $11 TRILLION in market cap. That's more than 4 TIMES the value of the Canadian stock market added in 5 months. $11 trillion in market cap is also the same value of China's entire stock market. Source: The Kobeissi Letter
SUMMARY OF US MARCH ADP JOBS REPORT:
1. The U.S. economy added a higher-than-expected 184,000 jobs in March, as per ADP, easily beating forecasts for +148,000. 2. The number of monthly job gains was the highest in eight months (July 2023) 3. February number was also revised upwards. 4. Wage growth accelerated for those who changed jobs, rising +10% from a year earlier. Key Takeaway: The pickup in jobs growth supports the case that the labor market remains strong, and the economy continues to hold up better than expected. The ADP report does not point to imminent Fed rate cuts as markets continue to push back the timing of the first move. Source: Jesse Cohen, Trading Economics
The Bitcoin halving is now only about 16 days away 👀
https://bitbo.io/halving/ Source: Bitcoin Magazine
The era of fiscal dominance
source: MacroAlf. Inflation-adjusted US fiscal deficits popping up at: - World War I - World War II - Great Financial Crisis - Covid - 2023 Find the outlier...
All these US representatives are outperforming Warren Buffet...
Source: Snowden on X
