Great stuff (as always) ... think $FDX has some stock specific and profitability issues and doesnt imply 🌎 or even US recession. Thx
21.04.2025 11:22
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Great stuff (as always) ... think $FDX has some stock specific and profitability issues and doesnt imply 🌎 or even US recession. Thx
US weekly wages rose by 3.7% y/y in Nov. which should still be comfortably > than CPI (out on 11th). This partly explains improvement in consumer sentiment (Dec., Mich Uni). Often wonder where wage inflation would be w/out foreign labour supply. Maybe we'll see in 2025. Careful (what u wish4)
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bsky.app/profile/taki...
#ManCity under Pep concede only half the amount of shots than other Premier League teams at home. This season is no different. Problem is current goal conversion rate of visitors is double that of prior seasons. Leaky Etihad defence🔵
#football #EPL #MCI
US #trucking rose +1.2% m/m in Oct, flat y/y (only 3rd month in 20 not to fall y/y). 🚚 sector is sinew connecting 🇺🇸 muscle together and acts as barometer of economy & nonfarm payrolls, highlighting prior bubbles. Current #nfp gap seems big, but proportionally #TMT was wider. Irrational > Solvent
Christmas is time many of us hoi polloi spend at home; enjoying family & taking stock. Two-thirds of US h/holds own their homes and form biggest share of net wealth. So its cool housing values - deflating for >1yr - look like they're abt to start inflating in real terms. Feel Good Inc.
#HNY2024
US net Oct payroll additions came light but drop off in hours worked was > alarming as it led to contraction in real weekly pay. UAW strikes cloud labour picture but clearly given productivity gains, American workers deserve > pay. Anathema to both Corps & Fed.
Fair days pay 4 fair days work ✊🏼
Global economic growth shows signs of stability if monthly manufacturing activity trends are to be believed. Despite importance of services ("developed" markets) they often rely on tangible goods hence relationship with 🌍 GDP (#IMF). Markets recession obsession likely to continue... Godot 😜
Boeing’s 🛩️ production issues in 💪🏼 commercial #aviation market led to surge in backlog orders values & volumes. Differential = price/mix, thus $BA inflation flies high, and tho > efficient jets lower #airliners operating costs, passengers likely to pay higher airfares in foreseeable. Drag
S&P500 fallen -10% upon realisation US missed predicted recession and #Fed needs to keepp rates high. Meantime blue chip Corps beating 3Q #earnings (EPS) expectations by ~7% with sales inflecting up with US GDP. EBIT margins also decompress. So good its bad !
$SPX