YARDENI on savings rate and labor supply shortage :
“.. retiring Baby Boomers are likely the reason that the personal saving rate is falling; they’re depressing the rate as they spend their retirement funds and no longer have earnings to save. In addition, they are spending at a record pace on labor-intensive services (restaurants, travel and entertainment, and health care), thus boosting labor demand ..” Source: LESG, Yardeni research
US small bank cash reserves plummeted by $258 billion last week below the level considered a constraint, according to ZeroHedge.
This excludes a $126 billion still sitting at the Fed’s emergency lending program that expired in March. It marked the largest decline in bank deposits since April 2022 when $336 billion came out of the banking system. Meanwhile, US regulators have seized Republic First Bank on Friday and agreed to sell it to Fulton Bank, another regional bank with $6 billion in total assets. The FDIC projects the failure will cost the fund around $667 million. Is the US regional bank crisis really over? Source: The Kobeissi Letter, www.zerohedge.com
Quote by Peter Lynch
Source: Invest in Assets
What is the key driver of long-term stock performance? Let's have a look at 4 periods: 1Y, 3Y, 5Y & 10Y.
In the short term, the multiple is key. Over longer periods, the importance of the multiple decreases, while revenue growth and margins become more significant. Source: The Future Investors, Morgan Stanley
To double your odds of success, double your holding period
Source: Brian Feroldi
Book: The Art Of Compounding Quality
"What's left for the quality investor? Lean back and do nothing" "Don't be distracted by short-term disturbances, cherish your companies, and let time, a quality company's best friend, do its work" Source: investmentbooks
Corporate insiders are more bearish than they have been in at least one decade
Source: InsiderSentiment.com
Total Cash Net of Debt...
Google $GOOGL: $98 billion Apple $AAPL: $65 billion Meta $META: $47 billion Amazon $AMZN: $28 billion Microsoft $MSFT: $20 billion Nvidia $NVDA: $16 billion Source: Charlie Bilello
