Pipe Dream 101 - Mar A Lago Accord version The Xverse is awash with nonsense regarding a grand bargain called the Mar A Lago Accord. While I accept that anything is possible with the right set of sticks and carrots I cannot imagine such a deal occuring. Nonetheless I will

1/16 A thread on The Mar-A-Lago Accord (MALA). tl:dr Take it seriously, not literally The status quo cannot last. If we do nothing, it ends badly. What is the alternative? Most of it has either already happened, or is underway. We weren't aware of the name.

The forward 12-month P/E ratio for $SPX of 20.7 is above the 5-year average (19.3) and above the 10-year average (17.9). #earnings, #earningsinsight, bit.ly/4ds1dJt

The benefits to S&P500 companies from rising AI-related spending and increased economy-wide productivity are modest even in an extremely optimistic case. Thread.

BREAKING: An alternative view from a CEO who knows @JoeBiden well and says "NO FUCKING WAY he's dropping out." Here's his take: "Joe Biden couldnt care less what the elite in his party thinks, what the elite fundraisers think or anyone else. He really hates them; he'll take their money but he knows they look down on him as some rube. Plus he thinks he earned the presidency after trying so many times and there's no way he's giving it up to go down in history as a loser who dropped out because he isnt tough enough. He only cares about his wife and family and he will tell everyone else to fuck off."

Why is Justin Trudeau pushing Chrystia Freeland off a political cliff? And why is Mark Carney's name in the story? 🧵 Canadians woke up to reports from top reporter Robert Fife that Prime Minister Justin Trudeau was actively considering turfing his most loyal foot soldier, Finance Minister Chrystia Freeland, from her role and replacing him with carbon-tax proponent Mark Carney. There is much to unpack here, but starting with the following point is critical: this is a purposeful leak made by the PMO and is as close to a formal announcement as it gets.  Fife's article cites an anonymous source, but it was almost certainly someone highly placed in the Prime Minister's Office with a mandate to purposely leak this information. There is no possible, logical way that Mr. Trudeau's PMO - which functions in a constant state of media lockdown - would randomly and without purpose leak this type of damning information to Mr. Fife, Canada's most devastating and well-read investigative reporter. Nothing short of a full-throated, proactive declaration of support for Ms. Freeland from Mr. Trudeau himself will prove otherwise. So why did they do it? 1/

Highlight of the entire debate was by far the golf argument