The New York Knicks have outscored their opponents by 272 points in the past 12 games
That's the best 12-game stretch from any team in NBA history, regular season or playoffs
While everyone’s been watching precious metals, oil’s been silently rallying (hard). Brent’s set for a sixth week of gains, we’re back above $70, highest since June
Initial claims rose last week due in part to a big rise in filings in Texas (which had a storm-related filing deadline last week)
https://t.co/oOgC7aFNyX
Continuing claims were still tracking slightly above last year's level through August but following the seasonal pattern
This is absolutely insane:
There are now $40 BILLION worth of US data centers under construction, up +400% since 2022.
For the first time in history, the value of US data centers under construction will soon EXCEED office buildings.
This is a historic shift.
(a thread)
Vietnam and Thailand, the world's second- and third-largest rice exporters, are starting to attract Japanese buyers with a short-grain variety seen as a cheap alternative to expensive Japanese rice.
https://t.co/UE8a0AElkP
Just a major blow to the housing market. Not only are yields rising across the board on government bonds, but the extra spread on mortgage backed securities is surging.
"Returns on the S&P 500 have been nearly three times greater when the gauge measuring stock correlations is in its top quartile compared to when it’s in the bottom one, where it currently stands."
@jimwpaulsen via @alexandraandnyc
"Periods of falling growth and rising inflation, which we might be facing in a trade war, are bad for momentum with annualized returns of negative 13.3% and lots of volatility too"
@Spencerjakab
7/ He thinks the US market has become too overvalued and overweighted compared to the world markets.
The US market now makes up 70% of the world index and magnificent 7 stocks make up 39% of the US market.
Marks says this is unsustainable and it'll have two potential outcomes:
This is insane:
Warren Buffett's Berkshire Hathaway just announced they now hold a record $334 BILLION in cash.
To put this into perspective, between Q1 2024 and Q4 2024, their cash balance rose a massive $145.2 BILLION.
What does Warren Buffett see here?
(a thread)
Since when was Japan's inflation higher than US inflation? NOW. Japan's headline CPI is 4% vs. US' 3%.
H/T Bloomberg Economics' Japan Economist, Taro Kimura.