Shell Lowers LNG Growth Outlook

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🚨 🚨 Shell Plc said that demand for liquefied natural gas by 2040 will be slightly lower than previously forecast as the world is preparing for life beyond fossil fuels
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UK Inflation Lower Than Expected

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🇬🇧 🇬🇧 BREAKING: UK inflation holds steady at 4%, lower than expected
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USDJPY Climbs Above ¥150

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🇯🇵 🇯🇵 The yen weakened past 150 per dollar for the first time since November, prompting the strongest pushback from Japanese officials in months, as hotter-than-expected US inflation doused bets on an early Federal Reserve interest rate cut
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Sony Posts Record Earnings

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🇯🇵 🇯🇵 BREAKIKG: Sony posts record quarterly revenue, smashing through expectations, on PlayStation bump
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Look At Shelter CPI

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🚨 🚨 Shelter CPI has now moved down on a YoY basis for 10 straight months, from a peak of 8.2% in March 2023 (highest since 1982) to 6.0% today. Given its long lag vs. real-time rent data, a continued move lower is expected which should lead to a continued decline in core inflation
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Surprise: MS Still Bullish On Tesla

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🚨 🚨 Morgan Stanley: Just back from easily the most bearish of our Tesla bull/bear lunches; Some doubted if sales grow at all this year. Most see consensus falling and AI ‘off-the-table’ for now. Despite the overall tone at the lunch, we remain OW, with TSLA offering over 80% upside from current levels, which we believe is compelling in proportion to the investment level within our US auto coverage
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