Offshore
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The Kobeissi Letter
BREAKING: New York business services activity dropped 8.8 points in March, to -19.3, the lowest since January 2023.
The index of expectations fell 24.9 points, to -3.3, its lowest since December 2022.
The business climate index fell 16.0 points, to -51.7, its lowest in 4 years.
Input prices spiked at the fastest pace in almost 2 years.
Concerningly, the future employment index fell to its lowest since the 2020 pandemic.
The business conditions are sharply deteriorating.
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BREAKING: New York business services activity dropped 8.8 points in March, to -19.3, the lowest since January 2023.
The index of expectations fell 24.9 points, to -3.3, its lowest since December 2022.
The business climate index fell 16.0 points, to -51.7, its lowest in 4 years.
Input prices spiked at the fastest pace in almost 2 years.
Concerningly, the future employment index fell to its lowest since the 2020 pandemic.
The business conditions are sharply deteriorating.
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Offshore
Video
Quiver Quantitative
U.S. politicians have been buying an unusual amount of one specific stock recently.
Here's a report: https://t.co/5Lt7M1tJwK
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U.S. politicians have been buying an unusual amount of one specific stock recently.
Here's a report: https://t.co/5Lt7M1tJwK
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Offshore
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The Investing for Beginners Podcast
What is earnings yield?
Earnings yield is the inverse of the P/E ratio.
It reveals how much earnings are generated for each dollar invested in the stock. https://t.co/XTiJG3zZkS
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What is earnings yield?
Earnings yield is the inverse of the P/E ratio.
It reveals how much earnings are generated for each dollar invested in the stock. https://t.co/XTiJG3zZkS
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Alvin
RT @sondesix: This is an appreciation post for MediaTek Dimensity 9400.
Such an underrated smartphone chip.
After using phones like the OPPO Find X8 Pro and vivo X200 Pro, I noticed that they share so many common improvements. Too much of a coincidence to be a coincidence.
For example: the fact that they both run cool even after a prolonged heavy gaming session. No huge throttling too.
Also, they have improved the ISP significantly.
As a result, the camera performance of the Find X8 Pro and X200 Pro seems to be much more reliable even when compared to their Ultra predecessors running a Snapdragon chip.
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RT @sondesix: This is an appreciation post for MediaTek Dimensity 9400.
Such an underrated smartphone chip.
After using phones like the OPPO Find X8 Pro and vivo X200 Pro, I noticed that they share so many common improvements. Too much of a coincidence to be a coincidence.
For example: the fact that they both run cool even after a prolonged heavy gaming session. No huge throttling too.
Also, they have improved the ISP significantly.
As a result, the camera performance of the Find X8 Pro and X200 Pro seems to be much more reliable even when compared to their Ultra predecessors running a Snapdragon chip.
tweet
Offshore
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The Kobeissi Letter
A big change might be coming to markets:
The S&P 500 to Treasuries ratio declined to its lowest level since October 2024.
At the same time, stock valuations relative to bonds dropped sharply to near the lowest in a year, according to Topdown Charts analysis.
This comes as tariff uncertainty and recession fears have skyrocketed over the last few weeks.
Historically speaking, Treasuries have substantially outperformed stocks during economic downturns.
Meanwhile, the S&P 500 is down -3.5% year-to-date, while the popular bond-tracking ETF, $TLT, is up +4.5%.
Will bonds outperform stocks this year?
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A big change might be coming to markets:
The S&P 500 to Treasuries ratio declined to its lowest level since October 2024.
At the same time, stock valuations relative to bonds dropped sharply to near the lowest in a year, according to Topdown Charts analysis.
This comes as tariff uncertainty and recession fears have skyrocketed over the last few weeks.
Historically speaking, Treasuries have substantially outperformed stocks during economic downturns.
Meanwhile, the S&P 500 is down -3.5% year-to-date, while the popular bond-tracking ETF, $TLT, is up +4.5%.
Will bonds outperform stocks this year?
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Offshore
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Stock Analysis Compilation
Montaka on Amazon $AMZN US
Thesis: Amazon’s relentless automation strategy in logistics and AWS is accelerating its cost advantage, enhancing customer loyalty, and reinforcing a self-sustaining growth flywheel—positioning the company for long-term dominance.
(Extract from their Q4 letter)
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Montaka on Amazon $AMZN US
Thesis: Amazon’s relentless automation strategy in logistics and AWS is accelerating its cost advantage, enhancing customer loyalty, and reinforcing a self-sustaining growth flywheel—positioning the company for long-term dominance.
(Extract from their Q4 letter)
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Offshore
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Quiver Quantitative
BREAKING: Marjorie Taylor Greene just filed over a dozen new trades.
This includes purchases of:
- Nvidia, $NVDA
- Applied Materials, $AMAT
- UPS
- Caterpillar, $CAT
- Blackstone, $BX
Full trade list up on Quiver. https://t.co/5Wx2AsKvtW
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BREAKING: Marjorie Taylor Greene just filed over a dozen new trades.
This includes purchases of:
- Nvidia, $NVDA
- Applied Materials, $AMAT
- UPS
- Caterpillar, $CAT
- Blackstone, $BX
Full trade list up on Quiver. https://t.co/5Wx2AsKvtW
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Offshore
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The Kobeissi Letter
BREAKING: European stocks have outperformed the S&P 500 by 20 percentage points since mid-November, the most since the 2000 Dot-Com Bubble.
The EuroStoxx 50 index has risen +15% while the S&P 500 has declined -5%.
However, the ratio between the two is still near its low as the S&P 500 has widely outperformed European equities over the last few decades.
The recent outperformance was driven by investors' flows into European stocks that hit $4 billion over the last 4 weeks, the most in 10 years.
Europe is the largest foreign owner of US stocks, holding a whopping ~$9 trillion in American equities.
Europeans are moving money out of the US.
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BREAKING: European stocks have outperformed the S&P 500 by 20 percentage points since mid-November, the most since the 2000 Dot-Com Bubble.
The EuroStoxx 50 index has risen +15% while the S&P 500 has declined -5%.
However, the ratio between the two is still near its low as the S&P 500 has widely outperformed European equities over the last few decades.
The recent outperformance was driven by investors' flows into European stocks that hit $4 billion over the last 4 weeks, the most in 10 years.
Europe is the largest foreign owner of US stocks, holding a whopping ~$9 trillion in American equities.
Europeans are moving money out of the US.
The market feels broken:
This morning, between 4:40 AM and 6:20 AM ET, S&P 500 futures erased -$600 BILLION of market cap without any major headlines.
These sudden "flash crashes" are being seen in ALL risky asset classes.
What is happening? Let us explain.
(a thread) https://t.co/ytaujZPSAK tweet
Offshore
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Dimitry Nakhla | Babylon Capital®
RT @DimitryNakhla: $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%
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RT @DimitryNakhla: $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%
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Offshore
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Dimitry Nakhla | Babylon Capital®
Charlie Munger once said, “The big money is not in the buying and selling, but in the waiting”
Shielding your psyche from fear & panic lets you hold steady for the long haul, staying calm under market turmoil 🧠
Here are 10 high-quality stocks that thrive even in market chaos🧵 https://t.co/x9NapPzhcT
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Charlie Munger once said, “The big money is not in the buying and selling, but in the waiting”
Shielding your psyche from fear & panic lets you hold steady for the long haul, staying calm under market turmoil 🧠
Here are 10 high-quality stocks that thrive even in market chaos🧵 https://t.co/x9NapPzhcT
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