I actually can’t believe that they’re not doing five days back in the office.

Dubai has been back to normal for almost 2 years now.

CRE debt is in distress.

Please stop calling it nuh-vidia. 😂

Yields in Japan are surging with traders betting on the next hike coming in June.

We're leaning more towards July, which will still be earlier than previously anticipated.

The focus has turned to the Yen, which continues to remain weak despite two rounds of intervention.

I like this.

Lol, China is still building $150-200B in new residential properties…per month.

Fed Minutes Summary

- Participants at the meeting assessed it would take longer than previously anticipated to gain greater confidence in inflation moving sustainably to 2%.

- Many participants commented on their uncertainty about the degree of policy restrictiveness.

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This is very smart.

The UK just printed a lower headline CPI number than the US.

Core CPI came out at 3.9% from 4.2%.

Although the numbers missed estimates (which were quite optimistic), overall deceleration is quite remarkable.

Fed speeches are becoming less and less hawkish, according to JP Morgan

Server spend as a percentage of total capex spend has increased across the hyperscalers.

Although Amazon's total capex is decreasing, it still far outpaces that of the other major players.

$GOOG $MSFT $AMZN $META

Wages are moderating across the major DMs. Still quite high in the UK, though.

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Sentiment and positioning is on the rise, but is not yet exhaustively extended in US equities

Source: JP Morgan

There's a decent chance that silver hits all-time highs this year. When this metal moves, it really moves. It had been trading as high as $48/oz in 2011.

Certainly promising for $LLY