Inflation explained to a 5 years old kid: here's a 1960s McDonald’s menu.
Source: Peter Mallouk
L'Oreal searching for support
L'Oreal (OR FP) under a lot of pressure this morning. Trend remains bullish. Keep an eye at 417 support level. Source : Bloomberg
Coke’s first new permanent flavor in years adds a spicy twist
Coca-Cola announced the new Spiced flavor Wednesday, saying it blends the traditional Coke flavor with raspberry and spiced flavors. It will be available both in full sugar and zero-sugar varieties when it hits store shelves in the US and Canada in the coming weeks. Coke doesn’t often add new permanent flavors to its lineup: Spiced joins just a few other flavors it always sells, including its flagship flavor, cherry and vanilla. Why Coca-Cola doesn’t want to tell you what’s in those weird flavors Spiced was selected because it’s “all about being on category trend and responsive to our consumer preferences,” who are craving bolder and punchier flavors, Coke’s vice president of marketing for North America, told CNN. source : cnn
The "sexy six"... The Mag 7 (ex-TSLA) is up ~610bps more than the Mag 7 this year.
Source: Koyfin, TME
Hedge fund billionaire Bill Ackman to launch a NYSE-listed fund for regular investors
The hedge fund billionaire is planning to launch a closed end fund, investing in 12 to 24 large-cap, investment grade, “durable growth” companies in North America, according to a regulatory filing. There will be no minimum investment. Unlike traditional hedge funds that typically charge a 2% management fee on the total assets under management plus a performance fee of 20% of the fund’s profits, Ackman’s new fund doesn’t have a performance fee in place. source : cnbc
SPX 4,999.89 ......So Close ....
source : bloomberg
The US government sold a record $42 billion of 10-year notes Wednesday at a lower-than-anticipated yield.
The notes were awarded at 4.093%, compared with a when-issued yield of about 4.105% moments before 1 p.m. New York time, the bidding deadline. The lower yield indicates stronger demand than traders anticipated. The auction result broke a streak of tails — or a weaker result for the previous four monthly sales . source : bloomberg
Are Americans Taking Over English Football ?
More than a third of the 92 professional teams in England’s top four leagues now have some form of US ownership. source : bloomberg
