Images to remember when you are studying big losses at companies pitching AI tools:
Source: Brian Sozzi
This is what really matters for markets.
Source: BCA
10 banks shape the profit map of global finance.
Source: Antony Martini, Macrotrends
Iran War Sees Lowest U.S. Approval Rating Ever
Source: Voronoi
Will the 25th Amendment be used during Trump's Presidency?
*The 25th Amendment to the U.S. Constitution, ratified in 1967, establishes clear procedures for presidential succession and for temporarily transferring power to the Vice President when the President is unable to discharge the duties of the office, either voluntarily (Section 3) or involuntarily via the Vice President and Cabinet (Section 4). Source: *Walter Bloomberg
Oil product exports from the Middle East dropped 65% in March compared to February.
However, they may increase going forward. Why? Iran has recently categorized countries as: 1. Friendly; 2. Neutral; and 3. Non-friendly. Friendly countries will have free passage through the Strait of Hormuz, while neutral countries will be allowed to pass with a fee. This should enable higher levels of oil and other exports from the Middle East, but possibly still less than in February. Source: BraVoCycles Newsletter
The military budget Trump proposed today is $1.5 trillion.
Adjusted for inflation, that's $260 billion higher than the largest military budget on record. Source: Stephen Semler
Markets have historically tended to bottom well ahead of broader spillover effects.
As Andreas Steno Larsen notes, “markets typically bottom when the rate of change improves.” Source: TME
