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Mario Bros. 🍄 > Winklevoss Bros.

Mario Bros. 🍄 > Winklevoss Bros.

Macro uncertainty = high. US Corp. earnings in focus.

autonomous
April 11, 2023

🌞 GM folks,

The week started off slow as investors hesitate on US earnings and global growth more broadly.

US companies may be facing the biggest decline in profits since the pandemic shutdowns, as high inflation squeezes margins and fears of an impending recession hold back demand.

The world’s economy is set to experience its weakest growth in three decades, or so says The International Monetary Fund.

Here’s what’s on our radar 📡

Earnings 💸

Wednesday: LVMH
Thursday: Delta
Friday: Blackrock, JPMorgan, Citi, Wells Fargo

Trends ✨

Global PC sales fell 29% YoY in Q1, with Apple hit hardest.

Super Mario Bros. smashes records in massive box office debut.

Nintendo is in our core-portfolio and we’re happy to see our thesis on I.P. monetization play out. Nintendo is the next-gen Disney.

Tupperware fell 49% after warning it could go out of business.

Known fraudster Billy McFarland tweeted 'Fyre Festival II is finally happening'

VP Kamala Harris announces $1.7B in grants to 600 community lenders.

Macro | Big Picture 🌎

Global money market funds saw inflows six weeks straight and counting.

Bank of Japan’s new chief vowed to stick to ultra-loose policy for now

Americans’ access to credit is at its toughest level in nearly a decade

Developed nations potentially face a significant shortage of the raw materials needed for green energy transition. Restrictions on exports imposed by key suppliers are to blame, according to research by the OECD.