Mikeman 🇺🇸

If you're in the southeast and looking for rain... keep looking. Rainfall totals here for the next 10 days. High pressure locked in blocking... and bringing some heat!

It's crazy to me how Robin Hood is now popularized as "stealing from the rich to give to the poor" (Socialist messaging) In reality, Robin Hood stole back the taxes that a cruel leader unjustly levied against the population (Anti-socialist messaging)

This is a healing grid by Japanese artist Ryota Kanai. If you stare at the center, the irregularities start to heal themselves because your brain strongly prefers to see regular patterns.

As Q1 earnings season kicks off, here is what I will be focused on with regards to this conflict: 1. AIRLINES (Delta was first to report two days ago and it kinda tells you everything. They paid an average of $2.62 per gallon in Q1, up 7% year-over-year, and are projecting $4.30 per gallon in Q2 with fuel expense rising by more than $2 billion) 2. TRUCKING AND FREIGHT (Diesel has jumped 41% since the start of the war to a national average of nearly $5.38 a gallon) 3. PACKAGE DELIVERY AND E-COMMERCE (what does the fuel surcharge cascade look like?) 4. BIG BOX RETAIL (what does the discretionary spending squeeze look like as gasoline is now taking up more of consumer spending, particularly in the bottom half of the K economy) 5. RESTAURANTS (also subject to discretionary spending) 6. HOTELS (the leisure demand question) 8. HOME IMPROVEMENT (the big-ticket discretionary bellwether) NOTE: I am not disregarding agriculture and food, I just think that this wont show up for months in the data, but rest assured, it will

🚨 U.S. trucking rates have surged to $2.98/mile, the highest level since 2022