1. Mag 7 Projected to Grow Earnings 31%
According to FactSet estimates, the S&P 493 is expected to grow earnings at 22.8% compared to a year ago.
That in itself would mark the strongest rate since the end of 2021, but even that won’t be enough to keep up with the household mega-cap technology names.
Opening Bell Daily
2. But Off Balance Sheet AI Debt Hits $1.65 Trillion
Semafor
3. Updated Household Spending on AI
Household AI spending. “Both the share of households paying for AI, and their average monthly spend, continue to climb-monthly spend has increased even more steeply, rising ~25% since the beginning of the year.”
4. China’s Government Buying Semi ETF
Barchart
5. Korea Memory Exports
tae kim
6. Netflix History of Large Drawdowns
Ben Carlson
7. Crude Oil Inventories Hit 45 Year Lows
8. Russians Increasing Cash Usage that Drains Tax Money Going to War
BBC
9. 40% of Russian Trade Now with China
Perplexity
10. This Is How To Live A Good Life: 5 Secrets From Ancient Wisdom
Here’s how to live a good life…
- You Are What You Repeatedly Do: Character is a practice, not a personality trait. Every action is a rep.
- If You’re Still Fighting Temptation, You Haven’t Arrived: You can’t build a good life out of stop signs. Instead of resisting temptation, learn to love better things.
- Happiness Is an Activity, Not a Mood: Ask, “Am I making proper use of myself?”
- Study Manipulation Even If You Hate Manipulators: Nobody thinks oncologists are evil because they study cancer. And they wouldn’t be able to fight cancer if they didn’t understand it.
- Humans Cannot Flourish Alone: Modern culture asks, “What can this relationship do for me?” An Aristotelian asks, “What kind of person does this relationship help me become?”