A day without Bill Gross is like a day without Gerry Davies. A rare day, indeed.
We’ve not heard from Mr. Gross today as US yields soar. I suspect he’s putting on a few hedges…
Yesterday there was a sucking sound from the West Coast. Today it sounds more like retching.
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DAL's up 10.2% pre-earnings, target $79.45 vs $66.75. Peers Carnival & Nike fell post-earnings.
STZ heads into earnings with a 4.1% gain, target $172.36 vs. $155.00 price.
TSLA's 300+ P/E defies shrinking revenue & margins. JPM sees 60% drop, citing overvaluation.
Apple’s foldable iPhone faces engineering delays during test production, risking timeline slippage. EVT issues—not supply constraints—are the main hurdle, with April–May seen as key to resolving challenges ahead of a planned 2026 launch.
US officials doubt another Iran deadline extension, while describing Tehran’s “tough” response as a negotiating tactic. Trump remains open to a deal and may delay action if talks progress, keeping diplomacy and escalation risks finely balanced.
AI job cuts hit 16K/month, Gen Z faces pay cuts & long job searches. Scarring effect noted.
ANZ commodity index rose 4.1% m/m in March, near record highs, as Middle East conflict drove broad gains. Dairy and aluminium led on supply fears, while NZD weakness pushed the local index to a record high.
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