Apple has bought back $625 billion in stock over the past 10 years, which is greater than the market cap of 492 companies in the S&P 500.
$AAPL Source: Charlie Bilello
JUST IN: Bitcoin has officially processed over 1 billion transactions.
In a fully decentralized way and without a single glitch... Source: Bitcoin Magazine
Electric vehicles companies are cash-rich...
Here’s a look at the cash vs. long-term debt for EV companies: $TSLA $RIVN $NIO $XPEV $LI Source: YCharts, Beth Kindig
Apple's $AAPL iPhone revenue every Q1 since the smartphone was first introduced
Source: Evan
A brutal reversal for ESG focus ETFs
Source: Bloomberg
Odds of a September 2024 rate cut jump to 53% after the weaker than expected jobs report, according to Kalshi.
The base case now shows TWO interest rate cuts in 2024, up from ONE prior to the report. On Wednesday, Fed Chair Powell specifically said weakening of the labor market could spur rate cuts. Market implied odds of zero interest rate cuts this year have dropped from 35% to 27%. The Fed rollercoaster ride continues. Source: The Kobeissi Letter
'Higher for Longer' — The Fed Fund Future Market Takes Heed!
The market has notably adjusted its expectations for the Federal Reserve's monetary policy over the coming years. Initially, an aggressive trajectory toward a terminal rate of around 3% was projected at the start of the year, indicating a return to a Neutral rate adjusted for inflation. However, current forecasts now suggest a more cautious normalization, with a significantly higher terminal rate of 4%. Intriguingly, the market anticipates further tightening by mid-2026, which some analysts believe could echo the inflation resurgence patterns of the 1970s. The Neutral rate (R*), long considered to be around 0.5%, is now hotly debated and estimated to be between 1.5% and 2.0% in the United States. The Fed Funds Futures market appears to have already factored in the impacts of enduring fiscal deficits, improved productivity, and deglobalization trends. How will these elements continue to influence Fed policy amid shifting global economic dynamics? Source: Bloomberg
Equinix rebounding on support post earnings
Equinix (EQIX US) has consolidated 24% since March swing high ! Stock is rebounding from support zone 677-700. For the moment volume is a bit low. Keep an eye. Source : Bloomberg
