Bank Keeps AI Lending Tight, Exposure Under 1%
One bank’s approach to lending in the tech space. From Fifth Third Bank conference call Friday: “On software and data center lending, we have maintained that same disciplined posture. We believe in the long demand for AI infrastructure, but we have also seen how quickly these build cycles can overshoot. We have remained selective, and our exposure is intentionally limited. Software related exposures is less than 1% of total loans, with the portfolio performing in line with expectations, with no material migration in the quarter.”
CEO Warns Market Underestimates Oil’s Future Price
As we mostly focus on the front month futures contract and we await the finality to the war and a full reopening of the Strait, I will mention the December contract which stands at about $76.50 as of this writing,...
US Oil Rigs Remain Low, Drillers Hold Back
US oil drillers still taking a wait and see before ramping up production. The crude oil rig count as of 4/2, https://t.co/IvRtZBdk40
US Holds $27.5T Net Position, Funding Global Needs
The BEA updated the US net international investment position last week for Q4 '25 and it stood at $27.5 trillion. That's the amount of assets foreigners own in the US vs what the US owns in the rest of the...
Female Drummer Shines, Even without Neil Peart
No Neil Peart but she is great and awesome to see them back on stage.
One‑Third of Gen Z Prefer In‑Store Shopping, Matching Boomers
This was an interesting stat given by Petco in their call last night, “Industry data tells us that 34% of Gen Z customers shop exclusively in stores. Interestingly, this group’s preference for an in-store experience is much higher than Gen...
Demand Drops only After Gas Hits $5 per Gallon
At what price is demand destruction when it comes to gasoline prices? According to Casey's General Store on their earnings call yesterday, “on the volume side of things, with absolute retail prices, we really don’t start to see any level...
Rising Car Prices Spur New‑Used Gap, Boosting Used Market
Interesting commentary from Sonic Automotive on their call and the affordability issues that are still here and possibly about to rise again: “And look, January was a hell of a month. Without the snowstorms, it would have been a magnificent month....