Riccardo Pauselli

Financial Advisor

[Ray Dalio @RayDalio]

https://t.co/6Heun8yNpq

[Zack Bakos @btc_zack]

In 1929, Benjamin Graham lost almost everything in the market crash.

Then he developed a formula so powerful, Warren Buffett called him “the smartest man I ever met.”

Here’s Benjamin Graham’s timeless formula for building generational wealth:

[SentimenTrader @sentimentrader]

The difference between the percentage of S&P 500 Utility sector members outperforming the S&P 500 Index and the percentage of overall S&P 500 members outperforming the Index on a rolling one-month basis surged to the 19th-highest level ever recorded and subsequently collapsed, triggering a risk-on signal.

[Otavio (Tavi) Costa @TaviCosta]

Always important to take note of the times when the miners outperform gold despite being a significant down day for the metal.

The likelihood of a historical breakout in the chart below keeps growing stronger.

[The Kobeissi Letter @KobeissiLetter]

US consumer sentiment just dropped to its lowest level since November 2023.

The consumer sentiment index fell from 77.2 in April to 67.4 in May, well below expectations.

Americans' expectations about the economy, personal finances, business, and buying conditions also plummeted to a 6 month low.

Meanwhile, consumers anticipate year-ahead inflation to rise to 3.5%, the highest reading since November 2023.

Consumers are feeling the pain of inflation.

[Charlie Bilello @charliebilello]

The US Bond Market has now been in a drawdown for 45 months, by far the longest bond bear market in history.

Video: https://t.co/VwPLeiyIbG

[Holger Zschaepitz @Schuldensuehner]

Good Morning from #Germany, where inflation expectations have recently risen significantly. The markets are pricing in 2.15% over a 10y horizon, which is not far off the ECB's inflation target of 2%, but he markets obviously expecting ECB to cut rates in case of doubt, even if #inflation returns.

[Investing visuals @InvestingVisual]

🚗Tesla $TSLA analysis🔎

A one pager with all key information of this unique company that disrupted the automotive industry👇

Main takeaways📢
• $TSLA has created a strong flywheel combining the EV transition, autonomous driving and transition to renewable energy

• Main risk is the highly competitive automotive space, which is Tesla's core business. Many strong competitors are fighting for a piece of the pie

• $TSLA margins are relatively high for an automotive company, but low for a tech company. Assuming expanding margins, $TSLA is reasonably valued. Its full-self-driving capabilities can potentially be a big boost for future margins

• Innovation is at the core of $TSLA which can be a big driver of future returns as it keeps extending and improving its business flywheel

Is of today, I do not own shares of $TSLA

Cheers!🙏

[jeroen blokland @jsblokland]

BREAKING! The #ISM Services Index drops more than expected to 52.6.
New Orders Index drops below 50.
Prices Paid drops more than expected to 58.6.
#Fed rate cuts back on the table?

[Beth Kindig @Beth_Kindig]

Cybersecurity stocks continue to increase their revenues quarter after quarter, driven by corporations increasingly prioritizing cybersecurity in their IT budgets, even amidst overall budget reductions.

$S $NET $ZS $DDOG $OKTA $CRWD $PANW

[World of Statistics @stats_feed]

Population ages 65+ (% of population):

🇲🇨 Monaco: 36%
🇯🇵 Japan: 30%
🇮🇹 Italy: 24%
🇫🇮 Finland: 23%
🇵🇹 Portugal: 23%
🇬🇷 Greece: 23%
🇵🇷 Puerto Rico: 23%
🇧🇬 Bulgaria: 22%
🇩🇪 Germany: 22%
🇫🇷 France: 22%
🇩🇰 Denmark: 20%
🇸🇪 Sweden: 20%
🇳🇱 Netherlands: 20%
🇪🇸 Spain: 20%
🇦🇹 Austria: 20%
🇨🇭 Switzerland: 19%
🇬🇧 UK: 19%
🇨🇦 Canada: 19%
🇳🇴 Norway: 18%
🇺🇸 US: 17%
🇦🇺 Australia: 17%
🇰🇷 South Korea: 17%
🇷🇺 Russia: 16%
🇮🇪 Ireland: 15%
🇹🇭 Thailand: 15%
🇨🇳 China: 14%
🇦🇷 Argentina: 12%
🇧🇷 Brazil: 10%
🇹🇷 Turkey: 9%
🇻🇪 Venezuela: 9%
🇲🇽 Mexico: 8%
🇮🇷 Iran: 8%
🇮🇳 India: 7%
🇮🇩 Indonesia: 7%
🇿🇦 South Africa: 6%
🇪🇬 Egypt: 5%
🇵🇰 Pakistan: 4%
🇮🇶 Iraq: 3%
🇳🇬 Nigeria: 3%
🇸🇦 Saudi Arabia: 3%
🇦🇫 Afghanistan: 2%
🇦🇪 UAE: 2%

🌍 World: 10%

According to United Nations Population Division. World Population Prospects: 2022 Revision.

[Christophe Barraud 🇫🇷 🇲🇨 @C_Barraud]

🌎 The Record Rush to Buy a Rolex or a Patek Philippe Is Over - Bloomberg
https://t.co/KSIquNmAxP

[Tom McClellan @McClellanOsc]

People think that the Fed "controls" inflation, because that is what they were taught in school. But I can model the movements of the CPI 3 years in advance using a model which contains no financial nor economic data whatsoever. It goes astray sometimes when the Fed or Congress (or OPEC) puts a thumb on the scale, but generally gets the timing of the turns right.
Given this correlation, why would anyone think that the Fed can really control inflation? [1/2]

[Holger Zschaepitz @Schuldensuehner]

US bonds on pace for best month since 1980s, BBG reports.

[Holger Zschaepitz @Schuldensuehner]

Good morning from #Germany, where the labor market is now sending out alarm signals despite the shortage of skilled workers. Germany’s unemployment rate unexpectedly rose to 5.9% in Nov, the highest level in 2.5yrs. Joblessness increased by 22k. German labor mkt has been a resilient part of an economy that’s struggling to recover from its energy-induced crisis last winter. https://t.co/o80MxsotuN

[Charlie Bilello @charliebilello]

Wholesale used car prices are at their lowest levels since March 2021, down 20% from the peak. Should lead to lower retail prices in the coming months.

[Charlie Bilello @charliebilello]

Bonds have been a negative contributor to the 60/40 portfolio over the last 7 years...

Video: https://t.co/AA0XcrUUZs

[Markets & Mayhem @Mayhem4Markets]

Speculators were record short 2-year note futures, betting on higher rates on the short-end (as of Tuesday's CoT data)

Last week was probably quite painful for these managers, leading to forced covering

Will be curious to see if they are unwinding these lopsided positions now

[Carl Quintanilla @carlquintanilla]

B of A: Global central banks “now cutting rates at fastest pace since Aug'20 (30 cuts in 3 months) ..” [Hartnett]

[Kathy Jones @KathyJones]

Two-year treasury yields plummet. Market is saying the Fed is done. (I agree).