Keep pulling the thread on Denise Chisholm.
The price performance of the semiconductor industry over the last two years has been less than its earnings growth.
Equal-weighted S&P 500 earnings growth was contractionary for the last three years, a duration comparable to past recessions.
The earnings recovery for the equal-weighted S&P 500 began approximately four months ago.
Excluding the shelter component, the Core CPI inflation rate last month was 2.3%.
Historical data shows a negative correlation between oil price shocks and Federal Reserve rate hikes, as the Fed is less likely to tighten policy in response to such shocks.
Historically, the highest probability for a stock market advance occurs when the Federal Reserve is hiking interest rates by a small amount, between 25 and 100 basis points over a year.
SpaceX is expected to hold its initial public offering sometime in June.
The potential IPOs of SpaceX, OpenAI, and Anthropic could collectively raise approximately $170 billion.
Anthropic is raising a Series H funding round led by Altimeter Capital, Dragonair, Green Oaks, and Sequoia.
Currently, corporate America in aggregate is spending less than one times its free cash flow on CapEx, even including hyperscalers.
Historically, periods of higher uncertainty have correlated with higher odds of the stock market advancing, increased corporate hiring, and greater capital spending.
Meta's Reels product, which is three years old, is now generating $50 billion in annualized revenue.