Offshore
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soken
technalyze trader if they see a bearsign (it's actually bull)
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technalyze trader if they see a bearsign (it's actually bull)
dude dressed up as a bear to scare his coworkers 😭 https://t.co/sJPxN19bK6 tweet
Offshore
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The Kobeissi Letter
BREAKING: US equity funds have seen a record $156 billion in net inflows year-to-date.
This has tripled from the previous year and has surpassed the $154 billion seen in 2021.
At the same time, global equity funds have attracted $250 billion in inflows, twice as much as in 2024.
This is only below the record $413 billion posted in 2021.
Despite recent volatility, investors are looking for bargains.
Inflows remain strong for now.
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BREAKING: US equity funds have seen a record $156 billion in net inflows year-to-date.
This has tripled from the previous year and has surpassed the $154 billion seen in 2021.
At the same time, global equity funds have attracted $250 billion in inflows, twice as much as in 2024.
This is only below the record $413 billion posted in 2021.
Despite recent volatility, investors are looking for bargains.
Inflows remain strong for now.
tweet
Offshore
Video
The All-In Podcast
David Friedberg Explains the Hidden Key Behind Trade Discussions: Regulatory Parity 🇺🇸
@friedberg on E225:
"There's a lot of conversations about tariffs and about trade deficits, but very little about regulatory parity."
"And I think that this is really critical for these trade negotiations to actually resolve to a positive outcome for American businesses and American enterprises, because there is not parity in how American businesses can do their work overseas relative to how foreign companies can do work in the US."
"So if you're an Indian company and you want to sell something in the US, you set up an LLC, you set up a bank account, you set up a store, you take a lease, and you sell your product."
"There is not a lot of hoops and challenges to that business operating in the United States."
"The stories around the world start to paint the picture of why American businesses find it so hard to develop international markets and sell into those countries, when in the US we make it so easy for companies based in foreign countries to come and sell in America."
"And that's a big part of where the trade imbalances arise from. It's not just because Vietnamese people can't afford expensive American goods, it's because it's so much more regulatorily difficult to do work in these countries."
"They can come in and take your IP."
"And so I think that this is a really important part of the trade discussions and negotiations that a lot of people miss, that American businesses will see massive revenue growth and massive market adoption if we can get regulatory parody in some of these key trade deals that are being negotiated."
tweet
David Friedberg Explains the Hidden Key Behind Trade Discussions: Regulatory Parity 🇺🇸
@friedberg on E225:
"There's a lot of conversations about tariffs and about trade deficits, but very little about regulatory parity."
"And I think that this is really critical for these trade negotiations to actually resolve to a positive outcome for American businesses and American enterprises, because there is not parity in how American businesses can do their work overseas relative to how foreign companies can do work in the US."
"So if you're an Indian company and you want to sell something in the US, you set up an LLC, you set up a bank account, you set up a store, you take a lease, and you sell your product."
"There is not a lot of hoops and challenges to that business operating in the United States."
"The stories around the world start to paint the picture of why American businesses find it so hard to develop international markets and sell into those countries, when in the US we make it so easy for companies based in foreign countries to come and sell in America."
"And that's a big part of where the trade imbalances arise from. It's not just because Vietnamese people can't afford expensive American goods, it's because it's so much more regulatorily difficult to do work in these countries."
"They can come in and take your IP."
"And so I think that this is a really important part of the trade discussions and negotiations that a lot of people miss, that American businesses will see massive revenue growth and massive market adoption if we can get regulatory parody in some of these key trade deals that are being negotiated."
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Offshore
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Finding Compounders
Terry Smith on The Unique Advantage of Equity Investment https://t.co/3emx0gkndo
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Terry Smith on The Unique Advantage of Equity Investment https://t.co/3emx0gkndo
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Offshore
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The Kobeissi Letter
US executives have rarely been this pessimistic about the economy:
The ratio of S&P 500 companies' mentions of “better” or “stronger” versus “worse” or “weaker” during Q1 2025 earnings calls hit ~1.7x, the lowest since 2008.
By comparison, the ratio was 3.1x in the prior quarter, or nearly twice as high.
Even during 2020 this indicator was higher, at 2.0x.
Along with skyrocketing uncertainty, companies are having difficulty giving guidance.
It's clear an economic slowdown is imminent.
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US executives have rarely been this pessimistic about the economy:
The ratio of S&P 500 companies' mentions of “better” or “stronger” versus “worse” or “weaker” during Q1 2025 earnings calls hit ~1.7x, the lowest since 2008.
By comparison, the ratio was 3.1x in the prior quarter, or nearly twice as high.
Even during 2020 this indicator was higher, at 2.0x.
Along with skyrocketing uncertainty, companies are having difficulty giving guidance.
It's clear an economic slowdown is imminent.
tweet