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Finding Compounders
Want to screen for businesses with quality management ?
Look at previous Singelton CEO prize winners
One of my favourite winners is Nicholas Howley - the Founder and Chairman of $TDG
TransDigm has outperformed the market over the past 5 years - Quality management results in good returns
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Want to screen for businesses with quality management ?
Look at previous Singelton CEO prize winners
One of my favourite winners is Nicholas Howley - the Founder and Chairman of $TDG
TransDigm has outperformed the market over the past 5 years - Quality management results in good returns
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Offshore
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The Kobeissi Letter
BREAKING: President Trump is no longer expected to impose "sector-specific tariffs" on April 2nd, per WSJ.
The S&P 500 is now up +75 points on the news. https://t.co/SIU2shr3nI
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BREAKING: President Trump is no longer expected to impose "sector-specific tariffs" on April 2nd, per WSJ.
The S&P 500 is now up +75 points on the news. https://t.co/SIU2shr3nI
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Offshore
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The Kobeissi Letter
BREAKING: Tesla stock, $TSLA, extends 2-day gains to +13% on news of potential tariff leeway. https://t.co/DGpYc97rju
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BREAKING: Tesla stock, $TSLA, extends 2-day gains to +13% on news of potential tariff leeway. https://t.co/DGpYc97rju
BREAKING: President Trump is no longer expected to impose "sector-specific tariffs" on April 2nd, per WSJ.
The S&P 500 is now up +75 points on the news. https://t.co/SIU2shr3nI tweet
Offshore
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Quiver Quantitative
Tesla stock has now risen 20% since this Tim Walz clip from last week.
On the other hand, it's still down 30% since Marjorie Taylor Greene'e January purchase. https://t.co/LE6fJ1oR2e
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Tesla stock has now risen 20% since this Tim Walz clip from last week.
On the other hand, it's still down 30% since Marjorie Taylor Greene'e January purchase. https://t.co/LE6fJ1oR2e
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Offshore
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The Kobeissi Letter
Price action ahead of a recession:
The S&P 500 is down -6.5% since its February 19th peak after briefly recording a 10% drawdown in early-March.
Historically, if stocks subsequently dropped another 5% on average within the next 150 days, the US economy was in a recession.
However, if stocks recovered all previous losses within the next 120-150 days a recession was avoided.
In other words, prolonged stock market declines usually precede economic downturns.
In the past, stocks have tended to peak about 6-months prior to the onset of an official recession.
The next few weeks are crucial.
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Price action ahead of a recession:
The S&P 500 is down -6.5% since its February 19th peak after briefly recording a 10% drawdown in early-March.
Historically, if stocks subsequently dropped another 5% on average within the next 150 days, the US economy was in a recession.
However, if stocks recovered all previous losses within the next 120-150 days a recession was avoided.
In other words, prolonged stock market declines usually precede economic downturns.
In the past, stocks have tended to peak about 6-months prior to the onset of an official recession.
The next few weeks are crucial.
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Offshore
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Quiver Quantitative
Kat Abughazaleh, a 26-year-old progressive influencer, just announced that she is running for Congress.
She will be running against Representative Jan Schakowsky, an 80-year-old Democratic incumbent.
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Kat Abughazaleh, a 26-year-old progressive influencer, just announced that she is running for Congress.
She will be running against Representative Jan Schakowsky, an 80-year-old Democratic incumbent.
I'm Kat Abughazaleh and I'm running for Congress. https://t.co/tEtaNcc5xL tweet
Offshore
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The Kobeissi Letter
US household wealth is falling:
US household equity wealth is set to drop a whopping -$3 trillion this quarter, the most since the 2022 bear market, according to BofA estimates.
By comparison, equity holdings rose +$9 trillion in 2024 to a record $56 trillion.
In other words, one-third of last year's gains have likely been wiped out due to the recent market pullback.
Furthermore, the top 10% of the wealthiest Americans own 87% of US stocks.
This, in turn, may negatively impact consumer spending as the top 10% reflect a record 50% of all consumer expenditures.
Consumer spending is set to slow in Q2 2025.
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US household wealth is falling:
US household equity wealth is set to drop a whopping -$3 trillion this quarter, the most since the 2022 bear market, according to BofA estimates.
By comparison, equity holdings rose +$9 trillion in 2024 to a record $56 trillion.
In other words, one-third of last year's gains have likely been wiped out due to the recent market pullback.
Furthermore, the top 10% of the wealthiest Americans own 87% of US stocks.
This, in turn, may negatively impact consumer spending as the top 10% reflect a record 50% of all consumer expenditures.
Consumer spending is set to slow in Q2 2025.
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Offshore
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The All-In Podcast
Treasury Secretary Scott Bessent Defends @DOGE
@SecScottBessent:
"25% of the GDP of the US pulsates through (Washington, DC) every day."
"And everybody wants to just skim a little."
"I said to @elonmusk, 'You know, people are mad at you because you're moving their cheese.'"
"And he goes, 'It's not their cheese, it's the American people's cheese.'"
@friedberg:
"100%. Every dollar spent goes into someone's pocket and that person is going to fight tooth and nail to get that dollar to keep flowing into their pocket."
"And then it takes a while for the flow of that money to find its way, or those individuals to find their way back into the productive private economy."
" That's where I think there's a big gap and a big challenge in the perception of the actions that are going on with the changes right now."
"Everyone sees the cuts, but they don't see the benefits. And that's 9 months, 12 months, 15 months down the road."
"And that's a really hard thing to reconcile for most."
Secretary Bessent:
"Everyone's hearing cuts and they think their government services are going to get cut."
"And they're not. I keep saying, it's the Department of Government Efficiency, not government extinction, not government elimination."
Thanks to our partners for making the DC trip happen:
@wearehims: https://t.co/AMh4ngrEHo | https://t.co/LNav2Y8k8u
@Gemini: https://t.co/4U7NUkFzaU
@iTrustCapital (use code allin): https://t.co/mwFWDeJVbC
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Treasury Secretary Scott Bessent Defends @DOGE
@SecScottBessent:
"25% of the GDP of the US pulsates through (Washington, DC) every day."
"And everybody wants to just skim a little."
"I said to @elonmusk, 'You know, people are mad at you because you're moving their cheese.'"
"And he goes, 'It's not their cheese, it's the American people's cheese.'"
@friedberg:
"100%. Every dollar spent goes into someone's pocket and that person is going to fight tooth and nail to get that dollar to keep flowing into their pocket."
"And then it takes a while for the flow of that money to find its way, or those individuals to find their way back into the productive private economy."
" That's where I think there's a big gap and a big challenge in the perception of the actions that are going on with the changes right now."
"Everyone sees the cuts, but they don't see the benefits. And that's 9 months, 12 months, 15 months down the road."
"And that's a really hard thing to reconcile for most."
Secretary Bessent:
"Everyone's hearing cuts and they think their government services are going to get cut."
"And they're not. I keep saying, it's the Department of Government Efficiency, not government extinction, not government elimination."
Thanks to our partners for making the DC trip happen:
@wearehims: https://t.co/AMh4ngrEHo | https://t.co/LNav2Y8k8u
@Gemini: https://t.co/4U7NUkFzaU
@iTrustCapital (use code allin): https://t.co/mwFWDeJVbC
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