MOAR RATE HIKES
J Pow said more rate hikes are coming, yield curve inversion hit -1% for the first time in 40 years, US manufacturing growth is outpacing the world, BlackRock says that the Fed could raise rates to 6%, Salesforce is adding ChatGPT to Slack, Musk said Twitter could be cash flow positive next quarter, and Lego sales were up huge in 2022.
Litquidity Capital /
Aston Martin Short Squeeze
Aston Martin is getting short-squeezed, global supply chains "returned to normal" according to the NY Fed, 70+ SPACs are facing liquidation risk, Chinese firms are ditching the US and UK for Swiss listings, hedge funds are suing the LME for its decision to cancel billions in nickel trades last year, and Alameda Research is suing Grayscale.
Litquidity Capital /
Amazon Pauses HQ2 Construction
China set a 2023 GDP growth target at ~5%, eurozone business activity is quickly recovering, home prices fell YoY for the first time in a decade, UK firms are ditching London listings for NYC, Twitter revenue is down 40% YoY, Linkedin co-founder Reid Hoffman is leaving OpenAI's board, and Amazon paused construction of its HQ2 in Virginia.
Litquidity Capital /
Citi and BofA Layoffs
Citi and BofA cut hundreds of jobs yesterday, shipping traffic has hit a multi-year low, global carbon emissions hit a record high in 2022, and a Fed speech was cut short after someone hijacked the room and started blasting porn.
Litquidity Capital /
May the Salesforce Be with You
Salesforce beat earnings after activist investor pressure, US high-yield corporate bond performance declined in February, fewer US firms see China as an investment priority, Senate overturned a federal rule on ESG investments, Vanguard closed its UK financial advice arm, Eli Lilly is slashing insulin prices, and Litquidity just dropped it's 2023 sell-side compensation report (more info below).
Litquidity Capital /
Japanese bankers get a pay bump
Amazon employees will be able to use company stock as collateral for mortgages, BAC expects the Fed to raise rates to 6%, Mastercard paused its crypto push, UK grocery inflation hit 17%, Bain Capital Ventures raised $1.9B for new funds (#proudscout), and Japanese banks are bumping up salaries for new college grads.
Litquidity Capital /
Elon Back on Top
S&P 500 buybacks are expected to eclipse $1T this year, US pending home sales surged 8.1% in January, supply chains are back to pre-Covid performance, Carlyle co-CIO Peter Clare is retiring, and Elon is back to being the richest mf on the planet.
Litquidity Capital /
Blackstone's CEO took home a fat bag
The US DOE now says that Covid-19 likely originated in a lab, the DOJ is preparing an antitrust suit to block Adobe's Figma acquisition, the PCE index rose by 5.4% in January, S&P 500 earnings beats are at a 15-year low, Jamie Dimon thinks US interest rates will hit 6%, and Blackstone's Steve Schwarzman took home $1.26B in 2022.
Litquidity Capital /
Stripe Shares for Everyone
Goldman is pitching Stripe's latest fundraise to their richest clients, Morgan Stanley is getting into the ETF game, US average mortgage rates are up for the third straight week, Google asked employees to share desks to cut costs, Coinbase launched a layer 2 blockchain, and Ozy Media was charged with fraud.
Litquidity Capital /
ChatJPM
The US housing market declined by $2.3T in 2H 2022, mortgage applications are at their lowest level since 1995, Russia plans deep oil export cuts in March, global debt saw its first annual drop since 2015, US worker strikes were up 50% last year, JPMorgan restricted staff from using ChatGPT, and Mercedes partnered with Google.
Litquidity Capital /