Snapshots that wow!

“Peak coal? Hmm, how to put it: no.”

“The world added last year ~60 GW of coal-fired power capacity, the most since 2016 (China, that green champion, accounted for more than ⅔ of the increase), according to a new report.”

Source :Javier Blas

No longer that happy a meal!

Menu price inflation at every fast food chain in america has outpaced CPI inflation in the country since 2014. The most significant outperformance was seen at McDonald’s with prices doubling in a decade vs. 31% CPI inflation.

Source:Charlie Bilello

All that glitters, tells a story?

For the first time in decades, gold and bonds are trading in completely opposite directions.

Gold is up ~20% over the last 5 months and has DOUBLED the S&P 500's return.Meanwhile, bonds are down nearly 9% as interest rate cuts are priced-out

Historically speaking, gold and bonds have almost always traded together. There is now a ~30% GAP between the performance of gold and bonds, one of the 5-month divergences largest on record.

Source: Kobeissi Letter

The dough be rising!

Search for sourdough peaked in February after a lull post the previous peak in COVID. Time to get some podi and fresh butter and dig in!

Source: Google Trends

Mothers always know best!

Gold has beaten equity returns in local currency in the 21st century, in all EMs barring one- India.

One would have expected the equity outperformance to be far greater in the past 5 years, but that is not the case. Both NIFTY50 and Gold have returned just over 13% CAGR.

Source:Sahil Kapoor, DSP

Greener Vroom Vroom!

The share of Hybrid vehicles sold by Ferrari doubled to a whopping 44% led by 296 and SF90 families!

Source: Ferrari Investor Presentation