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While WTI oil hit $86, the rig count is still in plunge mode...
*A cumulative $4.9T of investments in global upstream oil and gas are needed by 2030 to meet market needs and prevent a supply shortfall" ---International Energy Forum (IEF) and S&P Global Commodity Insights. Source: Lawrence McDonald, Bloomberg
If you think housing in the US is not affordable anymore take a look at New Zealand, Canada and Sweden 👇
BCA research through Michael A.Arouet
With total return data going back to March 1999, the Nasdaq 100 (NDX)’s 42.54% YTD total return is the best on record (2020’s post-Covid bounce in tech stocks came close)
Source: Jim Bianco
Highest paid CEOs in the US
Source: Visual Data, data_rep, u/statZwiki)
US National Debt has now increased by $1.45 trillion since the debt ceiling was suspended 3 months ago and is fast approaching $33 trillion
In the past five years the national debt has increased by 53%, from $21.4 trillion to $32.9 trillion. Source: Charlie Bilello
US stocks are on track for their 8th annual outperformance vs Stoxx 600 in 10 years
Source: Bloomberg
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