Offshore
Photo
Alvin
Shot on Xiaomi 15 Ultra. 📸
Leica Authentic
Original • After Exposure adjustment https://t.co/2TRUFHqDOA
tweet
Shot on Xiaomi 15 Ultra. 📸
Leica Authentic
Original • After Exposure adjustment https://t.co/2TRUFHqDOA
tweet
Offshore
Photo
The Kobeissi Letter
US consumer sentiment is falling sharply:
The consumer sentiment index tumbled 6.4 points to 64.7 in February, the lowest since November 2023.
Consumer expectations about the economy fell 5.3 points to 64, a 16-month low.
Assessment of current economic conditions dropped 8.3 points to 65.7, the lowest in 4 months.
Sentiment is now at levels seen during the 2008 Financial Crisis but above the 2022 low.
Furthermore, inflation expectations for the next 5-10 years jumped to 3.9%, the highest since 1993.
Consumers are feeling the pain of inflation.
tweet
US consumer sentiment is falling sharply:
The consumer sentiment index tumbled 6.4 points to 64.7 in February, the lowest since November 2023.
Consumer expectations about the economy fell 5.3 points to 64, a 16-month low.
Assessment of current economic conditions dropped 8.3 points to 65.7, the lowest in 4 months.
Sentiment is now at levels seen during the 2008 Financial Crisis but above the 2022 low.
Furthermore, inflation expectations for the next 5-10 years jumped to 3.9%, the highest since 1993.
Consumers are feeling the pain of inflation.
tweet
Offshore
Photo
Dimitry Nakhla | Babylon Capital®
$META stock dropped 21% in the past month, losing ~$400B in market cap
At 23x NTM earnings & a PEG <2.00, it’s starting to look appealing again
here’s $meta’s cagr potential to 2027, assuming current eps estimate of $33.58 from today’s $582 price:
25x 14.4%
24x 12.7%
23x 11.0%
22x 9.3%
tweet
$META stock dropped 21% in the past month, losing ~$400B in market cap
At 23x NTM earnings & a PEG <2.00, it’s starting to look appealing again
here’s $meta’s cagr potential to 2027, assuming current eps estimate of $33.58 from today’s $582 price:
25x 14.4%
24x 12.7%
23x 11.0%
22x 9.3%
tweet
Offshore
Photo
The Kobeissi Letter
US government spending is out of control:
Federal, state, and local government expenditures now reflect 33.9% of US GDP, a record excluding crisis periods.
The all-time high was set in 2020, when expenditures accounted for 42.0% of GDP.
By comparison, during the 2008 Financial Crisis and World War II this percentage was 36.9% and 36.1%, respectively.
Over the last 5 months, the government has spent a massive $3.04 trillion while collecting only $1.89 trillion in tax revenue.
In February alone, the government’s outlays were $603 billion, TWICE larger than collected taxes of $296 billion.
Government spending is a crisis.
tweet
US government spending is out of control:
Federal, state, and local government expenditures now reflect 33.9% of US GDP, a record excluding crisis periods.
The all-time high was set in 2020, when expenditures accounted for 42.0% of GDP.
By comparison, during the 2008 Financial Crisis and World War II this percentage was 36.9% and 36.1%, respectively.
Over the last 5 months, the government has spent a massive $3.04 trillion while collecting only $1.89 trillion in tax revenue.
In February alone, the government’s outlays were $603 billion, TWICE larger than collected taxes of $296 billion.
Government spending is a crisis.
tweet
Offshore
Photo
Alvin
Alleged real-life photos of the vivo X200 Ultra have been leaked online, showing the HUGE camera housing design.
Can't wait for this phone to arrive.
I am already impressed with the X200 Pro, so this one is going to be even better (especially since it runs OriginOS). https://t.co/lGf2TZBygS
tweet
Alleged real-life photos of the vivo X200 Ultra have been leaked online, showing the HUGE camera housing design.
Can't wait for this phone to arrive.
I am already impressed with the X200 Pro, so this one is going to be even better (especially since it runs OriginOS). https://t.co/lGf2TZBygS
tweet
Offshore
Photo
The Investing for Beginners Podcast
American Express $AXP is unique in the payments world.
They operate as a closed loop system:
1. Acquiring bank
2. Issuing bank
3. Card network
Unlike $V and $MA, they do offer credit cards and act as the sole operator through the whole payment loop.
The more we know..... https://t.co/GyheZ7tzt5
tweet
American Express $AXP is unique in the payments world.
They operate as a closed loop system:
1. Acquiring bank
2. Issuing bank
3. Card network
Unlike $V and $MA, they do offer credit cards and act as the sole operator through the whole payment loop.
The more we know..... https://t.co/GyheZ7tzt5
tweet
Offshore
Photo
Finding Compounders
Taken from Microsoft’s IPO prospectus
It was a great company from the beginning https://t.co/fshFkeMgAx
tweet
Taken from Microsoft’s IPO prospectus
It was a great company from the beginning https://t.co/fshFkeMgAx
tweet
Offshore
Photo
The Kobeissi Letter
Retail investors are pouring money into stocks at a rapid pace:
Retail net inflows into Nasdaq 100 index stocks as a percentage of market cap have reached 0.1%, the highest in at least a year.
Retail flows have DOUBLED in just a few weeks.
Additionally, JPMorgan’s retail investor sentiment score hit a record 4 points.
This is ~1 point higher than the peak of the meme stock mania in 2021.
Tesla, $TSLA, and Nvidia, $NVDA, were the most popular names picked up by individual investors.
Retail investors are all-in.
tweet
Retail investors are pouring money into stocks at a rapid pace:
Retail net inflows into Nasdaq 100 index stocks as a percentage of market cap have reached 0.1%, the highest in at least a year.
Retail flows have DOUBLED in just a few weeks.
Additionally, JPMorgan’s retail investor sentiment score hit a record 4 points.
This is ~1 point higher than the peak of the meme stock mania in 2021.
Tesla, $TSLA, and Nvidia, $NVDA, were the most popular names picked up by individual investors.
Retail investors are all-in.
tweet