David Balchin

All views are my own. Mainly interested in Global Macro, Meteorology Videogames and all things that relate to the Dolce Vita in Italy.

[David Balchin @BalchinDavid]

@acmilan Sperem in bene dai

[David Balchin @BalchinDavid]

Enjoying the blue skies in the last few months but do want a few great thunder storms as London especially transport is getting warm and parks need rain

[Met Office @metoffice]

The heatwave continues but we will see a shift in the hot weather later this week. Next week there’s the chance of thundery showers arriving from the south.

Bringing you this 10 day trend is Alex Deakin.

[Eric Nuttall @ericnuttall]

The US Strategic Petroleum Reserve is now ~19MM barrels away from estimated minimum operating levels. There very soon will no longer be a safety buffer to protect the world from further losses out of the Strait.

[Ryan Detrick, CMT @RyanDetrick]

41 other times the S&P 500 gained more than 10% in a quarter.

The next quarter was higher 85% of the time.

The next two quarters were higher 85% of the time.

The next year was up a median of 13.4%.

Momentum is real.

[David Balchin @BalchinDavid]

We found a way !! Come on England ❤️❤️🏴󠁧󠁢󠁥󠁮󠁧󠁿🏴󠁧󠁢󠁥󠁮󠁧󠁿

[BBC Sport @BBCSport]

One of the best post-match interviews you will EVER see! Rest up, Harry :)

[ₕₐₘₚₜₒₙ @hamptonism]

Watching this full 18-minute interview with Palantir CEO, Alex Karp is enough to teach you more about Ai than any institution would ever teach you:

[David Balchin @BalchinDavid]

@CutMyTaxUK This is what drove oil and gas companies away from the North Sea . They just don’t learn do they ? Windfall tax for that industry is 78%. People complain of costs but they are mostly nationalised already at 78% tax. Hence many firms have bought assets abroad. Another own goal

[David Balchin @BalchinDavid]

@CutMyTaxUK Walthamstow say no more . Labour and Green massive majority . The baker gets a taste of reality . Might think twice next time at the polling station though doubt it

[David Balchin @BalchinDavid]

Given its Walthamstow and the vast majority voted Labour and Green I have little sympathy for the baker as you got what you voted for. I mean why is she surprised now to see her business fail ?

[Cut My Tax @CutMyTaxUK]

The Times highlights the growing tax burden on a Walthamstow bakery run by Jenny Moseley. Increasing taxes are making the business uneconomic.

Moseley’s business rates bill now is 219% higher than the amount she paid in 2024-25. The rises in the minimum wage & the London living wage, & the increase in employer national insurance have put up staff costs by 16%.

"Electricity bills have gone up a lot as well. ” said.

“We get to the end of each month and it’s like, are we going to be able to pay everyone? In January I had to take money out of my personal savings to pay my team because the costs have just become incredibly high and we’re not making any profit."

[David Balchin @BalchinDavid]

Love this as am a strong believer in action and hard work

[Álvaro J @jota_snchez]

Conor Neill, profesor de MBA, lo dice sin rodeos: la vida premia la acción, no la inteligencia.

Y cuanto más listo eres, mejores excusas te inventas para no actuar.

8 ideas para dejar de pensar y empezar a moverte:

1/ Haz una sola cosa. Y luego otra. Y otra...

[The Kobeissi Letter @KobeissiLetter]

No sector in history has ever been this large:

The Information Technology sector now accounts for a record 39% of the S&P 500's total market cap.

This percentage has more than doubled since the 2020 pandemic.

This figure is also now above the 2000 Dot-Com Bubble peak of ~33% and the ~31% peak reached by the Energy sector in the 1980s.

Including internet retailers and digital media platforms such as Amazon, $AMZN, and Netflix, $NFLX, tech now accounts for a record 50% of the S&P 500's market value.

By comparison, this same group accounted for just 29% of the index at the Dot-Com Bubble peak.

Tech is all that matters.

[David Balchin @BalchinDavid]

Predictable sadly but when you create a political class that comes from only or mostly ideological and theoretical backgrounds and despises profits this is the result . A system that rewards parasitical behaviour. The result was never in dispute in my view

[Michael A. Arouet @MichaelAArouet]

The poor American is now wealthier than the average European in disposable income.

U.S. tech dominates. U.S. capital markets dominate. Europe’s biggest companies are simply yesterday’s champions.

Europe’s middle class is about to discover what impoverishment feels like.

[Ryan Detrick, CMT @RyanDetrick]

Name a better month for the S&P 500 than July going back 20 years.

I bet you can't.

[David Balchin @BalchinDavid]

@subway664 @CutMyTaxUK It raises money but it’s a band-aid. Borrowing is only ~1-2% of top 1% economic income. You will also get lots of unintended consequences.

[Rajesh Agarwal @Rajesh992510253]

Instead of watching an hour of Netflix, watch this 2 hour hour Stanford lecture will teach you more about how LLMs like ChatGPT and Claude are built than most people working at top AI companies learn in their entire careers.

[David Balchin @BalchinDavid]

@Flyers391 @NathanielSami @PecanC8 To think people have voted for her is even more frightening

[HFI Research @HFI_Research]

Oil prices are falling with inventories!

Logic!

[David Balchin @BalchinDavid]

And sadly they want to lurch even more to the left . Some just don’t get it sadly. Not even facts and evidence matter anymore

[Sharron Davies HoL MBE @sharrond62]

Chasing away foreign investment & the top 1% of tax payers (who pay 30% in total) is the politics of envy, economic suicide & some would say economic illiteracy

[Anuj @anujcodes_21]

Anthropic just showed a 24-minute workshop on how to actually do prompts for Claude.

Taught by the people who built it.

Free. No registration. No paywall.

I've seen $300 courses that don't cover what they teach in the first 8 minutes.

Watch it and bookmark it now.

[Council on Foreign Relations @CFR_org]

“When Mark Carney said, ‘The middle powers should get together’—it’s a fantasy. They did that, it’s called Europe,” says Jamie Dimon, chairman and CEO of JPMorganChase. “The GDP of Europe has gone from 90% of America to 70%. And in our view, it will probably continue to erode over time because [of] high taxes.

🔗 Watch the full conversation: https://t.co/uDTOcHyxli