@TruthGundlach Jeff Gundlach's 'Just Markets' webinar is a fantastic macro overview.

Here are 10 great charts 👇 1/ Cyclical employment is sending a warning sign but non-cyclical employment is still stable.

1) Never in history has a focused menu of tacos and burritos had such mass appeal. Food that tasted good, that meant "good", and did "good". “Food with integrity”. Competitors couldn't copy "it". This is the genius of Chipotle’s menu.

$CMG 2) Food with integrity is complex. Sourcing is hard. Steve Ells believed in it. Fully committed to it. Food costs were high. 32 to 34% of sales. Category competitor food costs are 26-28% of sales

$CMG

Faster rebound in bookings and revs for $ABNB in 3Q vs. $BKNG and $EXPE Higher share of exclusive homes at $ABNB vs. $BKNG or $EXPE

$MSFT $AAPL $AMZN $GOOGL $FB

vs the rest of $SPY Demographic tailwinds

$SPY $XHB

All prejudice is evil, but the prejudice that rejects a man because of the color of his skin is the most despicable expression of man’s inhumanity to man

#MLKDay2021 Other immigrant groups came to America with language and economic handicaps, but not with the stigma of color. Above all, no other ethnic group has been a slave on American soil, and no other group has had its family structure deliberately torn apart. This is the rub.

#MLKDay

's competitive advantage, per CEO vs. competition