A.W.

value investor. cfa charterholder. former butler. believer in gravity.

[Lev Akabas @LevAkabas]

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

[Callum Williams @econcallum]

Datacentres now account for 7% of US electricity demand

[Dr. Dominic Ng @DrDominicNg]

Sharing 8+ meals a week with people has the same happiness boost as DOUBLING your income.

And yet we eat alone 53% more than we did 20 years ago.

[David Ingles @DavidInglesTV]

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

[Crémieux @cremieuxrecueil]

The tiny Caribbean island of Anguilla now derives almost half of its state budget from the sale of .ai domain names.

[Nick Timiraos @NickTimiraos]

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

[The Kobeissi Letter @KobeissiLetter]

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)

[Eugene Ng @EugeneNg]

Shift in search share away from Google to ChatGPT.

Chart shared by @RihardJarc.

[Lisa Abramowicz @lisaabramowicz1]

US oil rigs are increasingly going offline as crude prices fall. The Baker Hughes US crude oil rig count has dropped to the lowest since 2021.

[Nikkei Asia @NikkeiAsia]

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

[Joe Weisenthal @TheStalwart]

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.

[Daily Chartbook @dailychartbook]

The S&P 500 earnings revisions ratio (upward revisions vs. downward revisions) is at its lowest since 2020.

via @MikeZaccardi

[Daily Chartbook @dailychartbook]

"JPM reports strong net selling of US stocks by hedge funds."

via ZeroHedge

[Daily Chartbook @dailychartbook]

"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

[Daily Chartbook @dailychartbook]

"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

[Cheddar Flow @CheddarFlow]

Trade policy uncertainty just hit a new record high 👀

[Cheddar Flow @CheddarFlow]

S&P 500 is lagging developed markets by most since 2002

[Oguz Erkan @oguzerkan]

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:

[The Kobeissi Letter @KobeissiLetter]

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)

[Anna Wong @AnnaEconomist]

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.