The first edition! ‘The One Read’ - the goal to start this was and is really simple, provide folks with a curation of key market news in one place, while trying to keep it simple enough to read at end of each day (Mon-Thurs). It’s exciting to see so much support before we even wrote a single word, this first piece will be going out to nearly ~1,000 readers. A few organic social medial posts on Twitter and Instagram along with a strong word of mouth from friends and family, thanks to everyone who has supported thus far! Now, lets start reading 👇!!!

In the Markets:

• Yesterday CPI (inflation print) came in at 6.4%, the estimate was 6.2%

• Core inflation came in at 5.6%, the estimate was 5.5%

• Retail sales data reported today came in at 3% for the month of January, the estimate was 2%

  • Retail sales saw the biggest month over month jump since March 2021. This is a key metric that helps assess the state of the consumer aka US. A further explanation on this datapoint and breakdown of spending categories below!

• NY Empire manufacturing index came in at (-5.8%) today vs an estimate of (-18%).

  • This monthly survey helps assess how manufacturers in NYC feel about business conditions and the economic environment.

• Apple announced postponing the launch of their first mixed reality headset from April to June. Looking to release it now at their World Developers conference.

• Tesla announced today, select superchargers from their network will be opening up soon to other EV makers.

• Tomorrow we will see PPI data reported along with weekly jobless claims

Indices and Earnings:

• S&P 500 green : +0.28% and closing at 4,147.60

• Nasdaq green : +0.92% and closing at 12,070.59

• Dow Jones green :+0.11% and closing at 34,128.25

• Shopify reported earnings at the close:

  • Eps beat $0.07; exp (-$0.01)

  • Revenue beat 1.73B; exp $1.65B

• Roku reported earnings at the close:

  • Eps beat (-$1.70); exp (-$1.73)

  • Revenue beat $867.1m; exp $802.12m

• Twilio reported earnings at the close

  • EPS beat $0.22; exp (-$0.09)

  • Revenue beat $1.02B; exp $999m

Quick recap:

• The US consumer is willing to spend; breakdown of category spending in retail sales data from today. Then you pair the excess savings and easy credit conditions the US consumer is strong per the data. 👇

• I also found these charts from the latest Bank of America monthly fund manager survey to be interesting. Those surveyed now believe inflation is the biggest tail risk we carry, and their Fed fund rates expectations compared to last month in their responses.

• That’s all for today folks! Was in Miami last week for a major Funds conference, and was fortunate to have a breakfast meeting with Jefferey Sherman, deputy CIO of Doubeline Capital run by renowned bond king Jeffery Gundlach. Maybe we will include a small anecdote in tomorrow’s edition from that meeting 🙂

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Disclaimer: Nothing in this should be construed as financial advice or recommendations. This newsletter is meant to be strictly educational and not to suggest any type of buy/sell/hold advice or financial decision making. Always do you’re own research.