What we’re reading (4/8)
“Exxon Mobil: Eyes On The Permian Prize” (Wall Street Journal). “Texas-based oil major Exxon Mobil was once known for exploring for oil in all sorts of exotic places, but right now its own backyard is looking like the best option.”
“Sentiment Back To Bullish” (Bespoke Investment Group). “Sentiment saw a huge rebound this week based on the latest AAII survey. With the S&P 500 taking out early March highs late last week, bullish sentiment jumped 10.8 percentage points to 33.3%. Although there was a higher level of bullish sentiment as recently as February 16th, this week’s increase was the largest WoW jump since June of last year. Even though a double-digit jump in bullish sentiment sounds significant, S&P 500 performance has been unremarkable following similar instances historically.”
Big Law Firm Draws Ire For Leaked List Of ‘Non-Negotiable Expectations’ For Associates — Including Being Online 24/7 'No Exceptions, No Excuses’” (Insider). “The list, which was part of an internal presentation created and delivered by an associate to junior colleagues, included expectations like being online 24/7, ‘no exceptions, no excuses,’ and likened associates to waiters or ‘a concierge at the Four Seasons’ who will drop everything to cater to the client, "who comes first and is always right.’”
“First Anti-Aging Pills To Hit Shelves In 2028, Expert Predicts - As Silicone Valley Races To Conquer Death” (The Daily Mail). “Pills that can help a person reverse the effects of aging could be on the market in the next five years, according to an expert. Sam Altman, 37, was revealed to have funded biotech startup Retro BioScience to the tune of $180million last month. He is the latest in a long line of Silicon Valley billionaires to throw their considerable wealth behind the science of aging.”
“U.S. Economy May Be Heading to a Place That Must Not Be Named” (New York Times). “Recession has become a nasty word. Federal Reserve officials dance around it with euphemisms like ‘a soft landing’ or its dreaded alternative, ‘a hard landing.’ Look beneath the hood of Fed forecasts, though, and it’s clear that central bank policymakers recognize that there is a good chance of a sharp slowdown soon. Their own policies are at least partly responsible for making that happen.”
