The latest Orange Book is out @theterminal!
The major macro themes from the latest earning season:
-Tariff refunds juicing earnings (may turn to headwinds next season)
-Half of S&P 500 companies mentioned some form of shortages (we identified those).
-Truck-driver shortages have raised freight rates, which in turn is driving up cost of moving physical goods
-the AI super investment cycle has left almost no parts of the economy untouched.
-US is going through a manufacturing boom.
Read the details on NI ORANGEBOOK <GO>
You shouldn’t be scared of failing.
You should be terrified of spending the rest of your life wondering what would’ve happened if you’d taken the shot.
Shout out to anyone that loves me.
Love you too.
Enjoy your day.
Don’t let anybody steer you into darkness today,
But at the same time,
don’t let anybody take the fucking piss.
Balance.
🧡