1. It’s All About Earnings—Revision Momentum Highest Since 2011
Bloomberg
2. It’s All About Earnings—Beats Going Up and Misses Going Down
Irrelevant Investor
3. AI and Crypto = Energy Usage
Utilities has been doing anything but lagging the broader market these days. As noted in last night’s Sector Snapshots report, the sector closed at overbought levels for the 27th day in a row yesterday.
Bespoke Investments
4. Allocation to Cryptocurrencies
Implied crypto allocations. “A mass adoption/speculation phase appears to be taking place as more and more investors make allocations into Bitcoin/crypto.”
Callum Thomas – Top Down Charts
5. JNJ Breaks Out of 5-Year Sideways Channel
Macrotrends
6. Will Business Eating Tariffs Change to Consumers?
Ryan Detrick
7. Container Ship Departures from China to U.S. are Collapsing
Container ship departures from China to the US are collapsing, see the first chart.
When consumers cannot get the products that they want from abroad, and the products that are imported are more expensive because of tariffs, the outcome is a slowdown in US consumer spending, see the second chart.
The bottom line is that US consumer spending is facing headwinds from tariffs, relatively high interest rates, student loan payments restarting and deportations lowering the number of consumers.
Torken Slok Appolo
8. U.S. Trade Deficit by Country
Capital Group
9. The Best Colleges for High Paying Finance Jobs
Visual Capitalist
10. Americans Moving Less
Semafor
Americans are moving between cities at historically low rates, with drastic consequences for the country’s economy and politics. Experts worry the lack of internal migration may put the country’s historic dynamism at risk: More people are keeping their homes, and their jobs, resulting in fewer opportunities for younger ones. Some smaller cities are trying to address the issue by offering bonuses to lure remote workers, hoping to help reverse a longrunning brain drain. The US was characterized by moves toward opportunity, but a recent book by the historian Yoni Appelbaum argues that “a country that once made it possible for its people to move freely and chase a better life has steadily strangled that mobility over time.”