US electricity price increases from 2020, per Axios:

From @pboockvar, #Gold "is now the preferred global reserve asset and its allocation as one still remains below historical levels when viewed as a percentage of global financial assets". There is not enough PHYSICAL gold in the world to satisfy the coming demand.

Chart of the day in today's FT:

An example of what many central banks have been doing, as China sheds itself of US Treasuries (though still owns more than $700b worth), they continue to buy more gold. China's gold holdings value (so tonnage + appreciation)

We of course will miss Neil Peart but she is good.

Are consumer staples the next big opportunity? @pboockvar explains why value-seeking behavior and commodity pressures could spark a rebound in names like Conagra. ▶️ Watch the full @CNBC segment here. #Markets #Investing #ConsumerTrends #StockMarket

The Weekly Quill — Colliding Canaries in the Credit Coal Mine – QI Research Read now: https://t.co/gHMVKD0RP1 #federalreserve #powell #dimartinobooth #economy

Looking for a cheap meal? Try a Slim Jim. @pboockvar lays out why the snack is catching his attention, and what it could mean for the Consumer Staples sectors next move. https://t.co/oRyf2ZCcXy

Steel tariffs helps domestic steel companies and negatively impacts the users. From RPM earnings call: “Our biggest tariff related impacts remain in our Consumer Group. It’s disproportionately in packaging and frustratingly, in metal packaging, where it’s really not the tariff

From Lamb Weston earnings call: Something I did not know, “Fries are the most ordered item at US restaurants. They appeal to a broad range of consumers in our America’s favorite order across every generation. The fry attachment rate or how often someone orders fries with their

Another year, another great learning and networking experience.

The Fed’s hands are tied with inflation at 3%, says @pboockvar. His reaction to today's Core PCE and what it means for markets: https://t.co/rpXxbCxisM

From the Costco earnings call: “In the quarter, gold and jewelry, gift cards, majors (like consume electronics), toys and men’s apparel were all up double digits. While gold was less of a y/o/y tailwind than earlier in the year, as we have now started to lap sales from a year

@RiskReversal @gave_vincent @pboockvar Exceptional interview that obliterates the U.S. exceptionalism narrative. Some snippets: On human capital (6:35 mark): "Today, China produces more STEM graduates every year than the whole rest of the world combined if you exclude India.  China, in 25 years, has gone from

Log in to read now: The Weekly Quill — The Anger Element of Economics — The Economics of the Anger Element #federalreserve #powell #dimartinobooth #economy https://t.co/gEsnFNHhlC

The best cars in the world are being made in China 🇨🇳🚗 🎙️ @gave_vincent joined the latest podcast with Dan & @pboockvar

The Swiss National Bank spared themselves, and the rest of us, from another trip into negative rates, for now by keeping their policy rate unchanged at zero as expected. President Schlegel of the SNB said “The bar to go into negative territory with interest rates is certainly

KB Home chimes in on their earnings call with what they are seeing with the drop over the past few months in mortgage rates: “Orders have been good, but I wouldn’t say that we’ve seen a big uptick yet or maybe the uptick that we would expect to see from such a change in mortgage

Listen to our CIO, @pboockvar on this week's @RiskReversal podcast.

@gave_vincent @pboockvar Links to listen here! YouTube: https://t.co/NUYEKeLf3G Apple: https://t.co/CPDqFmUu25 Spotify: https://t.co/kvzrc9ahF8