To The Moon

News and my thoughts from the last week (15 Apr 2024)

• U.S. large caps saw $15.8 billion of outflows in the week, while stocks in general saw outflows of $19.6 billion, Bank of America said in its weekly round-up of flows in and out of world markets using EPFR data. - Yahoo Finance

• IRAN BANS ALL SHIPS LINKED TO ISRAEL “Starting today, all vessels linked to the Zionist regime are banned from operating in the Oman Sea and the Persian Gulf. Any such vessels found in these waters will be confiscated.” - From X user ShaykhSulaiman

• Iran launched dozens of drones at Israel on Saturday but they will take hours to reach their targets. An attack that may trigger a major escalation between the regional archenemies, with the U.S. pledging to back Israel. - Reuters

• MSC Aries was taken by Iran. This would cause supply chain disruptions. This is inflationary and could cause other commodities like crude oil to increase as shipping lines steer away from these hot spots - BBC

• Iran's Revolutionary Guards seized an Israeli-linked cargo ship in the Strait of Hormuz on Saturday. They could close the crucial shipping route and warned it would retaliate for an Israeli strike on its Syria consulate.

• Will the productivity gains from technological breakthroughs like AI and innovation be sufficient to tank the debt spiral? Is the recession pushed back due to AI?

• AI empowers and replaces some roles in the current environment as a co-pilot. AI can also act as an independent agent in the coming days. Previously, it was automation for blue-collar. Now, it is the automation of the white collar. Thanks to the all-in podcast.

• Total bankruptcies – including consumer, small business and big corporates – have been climbing steadily for 20 months, said Michael Hunter, vice president at Epiq. The trend reflects higher interest rates and a pullback in consumer spending. - The Star

@TigerStars

$SPDR S&P 500 ETF Trust(SPY)$

$S&P 500(.SPX)$

$Cboe Volatility Index(VIX)$