Hints and tips:
...The article, “Without top five stocks, S&P 500 is deep into profits recession”, contained this passage: Without its five largest names, the S&P 500’s quarterly EPS has fallen 1.5% in 3Q y/y, according to...
...That is, investors think today’s earnings at widget maker X are better if yesterday’s at widget maker Y were terrible. Thus confirming our bias that psychological effects are pervasive in markets....
...Bullard and Kashkari are generally considered the most hawkish, Cook is the dove and Barr stays in the middle of the pack next to Powell....
...And Federal Reserve chair Jay Powell makes much the same argument. They didn’t see that Covid had itself reduced the likelihood of a large return of labour....
...Note the Y-axes: Sure, yes, of course: war, inflation, supply-side crisis, etc....
...This would put further upward pressure on food prices, which were already rising by 4 per cent y/y in December. All this will exacerbate the cost of living crisis and depress GDP growth.”...
...In terms of forward looking indicators our capex intentions tracker has accelerated sharply to over +1stdev, a level consistent with 20% y/y capex growth. 20 per cent capital expenditure growth in 2022?...
...Former Alphavillain Jamie Powell explored the company’s valuation in late 2021, as season 3 unravelled....
...If it says stocks are worth X, or credit spreads should be Y, and we disagree, that makes us feel nervous, not clever....
...But markets could be surprised by any clues from chair Jay Powell as to the bank’s plans for its September meeting....
...No we don’t mean the Cryptoland otherwise known as the Fijian Fyre Festival of crypto, we mean the land on the internet where laser eyes and rocket emojis and Y chromosomes proliferate....
More numbery goodness for y’all.
...Yields and oil fell hard, which feels very recession-y. Stocks, a day after rallying for no reason, held steady, also for no apparent reason....
...Its original script, then going by the name of Bios (by Craig Luck and Ivor Powell), was featured on the Black List in 2017, a famed roster of unproduced screenplays most liked by Hollywood insiders....
More numbers goodness for y’all to mull this Friday afternoon.
...*UPDATE: Nick and Zach have decided to upload an official version of the letters on Nick’s foundation website, I.G.Y. Do have an explore of the Foundation, it seems as thoughtful as the letters....
...Moreover, on January 4, 2019, chairman Powell said the Fed would be more patient about raising rates in 2019....
...See these charts: The Y axis in both charts shows savings as a proportion of income....
...The jargon-y word for such flexibility is “asynchronous work”. It is a strange term that will be key to transforming our working freedoms, writes Janina Conboye....
...“How he’s acting, he feels like it’s just day one,” said Garry Tan, founder of Initialized Capital, Coinbase’s first investor after it exited the Y Combinator start-up programme....
...That, however, should be viewed in the context of an entirely new vehicle launch this year -- the Model Y -- not stopping its top line from shrinking. (Of course, Covid is also a factor here.)...
...And, most importantly, where, or what, is the Y axis? We mean, we could go on. Or, as FT Alphaville is sure you’re doing, we could just continue gawp at it in all of its chart crime splendour. Enjoy....
...Even the most intense friendships must have breezy notes, occasionally, a hammock-y element, the flavour of a stroll. Still, I like going the extra mile for people....
...y....
...There’s been much to celebrate recently for Tesla chief executive Elon Musk: the birth of his seventh child X Æ A-12 Musk, the reopening of Tesla’s factory in Fremont California, the launch of the Model Y,...
International Edition