I am trying to duplicate the ratio of the top 5 payroll equities vs the equal weighted spx. I cannot come close to what you are showing. What are the tickers of the 5 payroll companies and are you lagging the 2yr yield, and if so by what amount of time? Are you simply taking the average price of the five payroll companies? Are you weighting them? Summing them and then dividing by the SPW index? Thank you.
You wrote, "...the biggest issue with AI Capex is that it doesn’t really add jobs for the median American for now."
Some portion of the massive CAPEX spending must be going on construction works for datacenters, local admin/bureaucracy, parts, supply chain logistics, electrical equipment, etc. Is the proportion to small to be supportive to the economy in a meaningful way?
Thanks Alf.
What happened to the weekly podcast with Brent? It's sorely missed!
I am trying to duplicate the ratio of the top 5 payroll equities vs the equal weighted spx. I cannot come close to what you are showing. What are the tickers of the 5 payroll companies and are you lagging the 2yr yield, and if so by what amount of time? Are you simply taking the average price of the five payroll companies? Are you weighting them? Summing them and then dividing by the SPW index? Thank you.
Thanks Alf – super insightful as always.
You wrote, "...the biggest issue with AI Capex is that it doesn’t really add jobs for the median American for now."
Some portion of the massive CAPEX spending must be going on construction works for datacenters, local admin/bureaucracy, parts, supply chain logistics, electrical equipment, etc. Is the proportion to small to be supportive to the economy in a meaningful way?