Some interesting responses in JPMorgan’s latest investor survey:

(1/x) $SPX 2.

YARDENI, on how $SIVB may “exacerbate the rolling recession” in tech:

@yardeni 2.

“.. We will be monitoring the weekly data on commercial bank deposits and money market mutual funds .. currently available through the week of March 1 ..”

MORGAN STANLEY: “.. we see the situation at #Twitter potentially exposing $TSLA to risk along a number of areas including: (a) consumer sentiment/demand, (b) commercial partnerships, (c) government relations/support; and (d) capital markets support.” [Jonas] 2.

“.. $RIVN could emerge as a short-term beneficiary of any potential commercial disruption/eroding customer loyalty at Tesla. .. Even if 10% of the unwinding of the ‘Tesla trade’ was re-allocated into other auto stocks... this could have material sector ‘flow’ implications.”

MORGAN STANLEY: “Layoffs in the tech sector are making headlines. But while we expect a substantial labor market slowdown in the coming months, the tech sector likely reflects more idiosyncratic than macro factors. Overall, staffing remains lean ..” 2.

“.. The information sector accounts for only 3 million workers, less than 1.5% of total payrolls... More precisely, total tech layoffs since December of last year only sum 187,000 .. barely more than 0.1% of total US payrolls, which stood at more than 153 million in October.”

Carrie Fisher would have turned 66 today. She is missed.

Here she is, promoting “Star Wars” in 1977 on French TV — in French. 💕

@ATRightMovies
2.

A great appearance on @Letterman, where she said her parents — worried about her acid problem — needed someone to talk some sense into her, so they called Cary Grant.

MORGAN STANLEY: has a 56-page report on inventory:

“.. We believe many will turn to aggressive discounting .. which is likely to spark a ‘race to the bottom’ as companies attempt to cut prices faster than peers and move out as much inventory as possible ..” 2.

“Based on a macro analysis of different industries, Consumer Retail, and IT Hardware appear most at risk while Machinery appears least at risk.”

It’s not too late to celebrate @mikepostmusic’s birthday last week.

The King. 👑

“Rockford Files”
@richeisen
2.

I mean, c’mon. 💯

“Glengarry Glen Ross” turns 30 today.

As a feat of casting, it’s peerless. “Al and I sat down and literally made a list of who we thought were the greatest living actors,” director @JamesFoleyJr said. “And we wound up with these guys.” 🧵

#Glengarry30
Foley and Pacino on set.

(2/x) @JamesFoleyJr

(WSJ) - Take a look at Phil Collins now.

The English rocker and his Genesis bandmates have agreed to sell a bundle of their music rights to Concord Music Group Inc., according to the company.

@WSJ @PhilCollinsFeed
wsj.com/articles/phil-… @WSJ @PhilCollinsFeed

46 years ago today, @StevieWonder releases “Songs in the Key of Life” — widely considered to be his masterpiece, and inducted into the @librarycongress as an album deemed “culturally, historically, or aesthetically significant.” 🙏🏼

“Sir Duke”
2.

Stevie wrote “I Wish” after attending a Motown company picnic where there were children’s games. It reminded him of his childhood.

“I had such a good time .. I went to Crystal Recording Studio right afterward and the vibe came right to my mind.”

A THREAD: on "GoodFellas", which premiered on this date in 1990.

"There's not a day that goes by that I don't hear somebody mention" it, Ray Liotta once said. "It's defined who I am, in a sense."

2.

Among the early casting ideas:

* Tom Cruise as Henry.
* Madonna as Karen.
* John Malkovich as De Niro’s character, Jimmy.

“It’s hard to explain why you end up in ‘Eragon’ instead of ‘GoodFellas’,” Malkovich once told @GQMagazine.

Happy 19th birthday to "Lost in Translation," which had its US premiere today in 2003.

Sofia Coppola once talked about chasing down Bill Murray for the role -- to no avail. She finally begged Al Pacino for help.

(via @AmericanFilm)
2.

The Suntory sequence was based on a real advertising shoot that Coppola’s father once did with Akira Kurosawa.

“That was a real photographer,” Sofia said. “And Bill improvised that entire scene.”

“.. it is heartening to see the bond market’s one-year forward inflation expectation fall below 5% and the two-year expectation drop slightly below 4%. Those declines are some of the strongest evidence that overall inflation has peaked ..” - @LeutholdGroup [Paulsen] 2.

Short-term yields “are no longer leading the 10-year yield higher .. is this signaling the 10-year yield is also likely to soon terminate its recent rout?” - @LeutholdGroup

“.. the U.S. Inflation Surprise Index has recently dropped by the largest amount yet in this recovery .. a strong signal the inflation rate is likely nearing a peak.” @LeutholdGroup

(1/x) “.. in the last five months, the labor supply has surged at a 4.2% annualized pace!” @LeutholdGroup

(2/x)

JANUS HENDERSON: “Hints of Inflation Relief”

“.. Year-on-year headline and core CPI inflation rates rose further in January, to 7.5% and 6.0% respectively, but six-month momentum remained below peaks reached in July-August.” “A recent fall in car / truck rental rates may be a harbinger.”

(2/x)

The #1 reason for the trucker shortage, according to a Wells Fargo conference call: marijuana testing.

$MSOS (2/2)

Wages will stay elevated because, for the worker, changing jobs has never been easier — thanks to technology and the erosion of workplace culture.

“Silence of the Lambs” premieres in wide release 31 years ago today. [2/14/91]

Lecter’s intro. One of the all-time great character entrances. Except it’s Clarice (and the viewer) who enter. Not him.

A quick thread: (1/x)
(2/x)

“I was was madly in love with close-ups because I’m madly in love with actors,” said director Jonathan Demme. “And a basic premise of [‘Silence’] is the story about two people, fighting their way into each other’s heads. We just went for it.”

Philip Seymour Hoffman, gone eight years ago today. His @nytimes obit called him “the most ambitious and widely admired American actor of his generation.”

(Also, the best character introduction in modern cinema.) #RIP

“Talented Mr. Ripley” (1999)
Whenever I need something to cheer me up, I watch this clip of Hoffman and Joaquin Phoenix, trying to hold it together while filming “The Master.”

Quick story on Bowie’s 75th bday:

He wrote “Heroes” about a German couple so determined to be together that they meet everyday under a gun turret on the Berlin Wall

“Though nothing
will drive them away
We can be heroes
just for one day”

(1/x) #BOWIE75
(2/x)

In 1987, he sang “Heroes” in a landmark concert at the wall in West Berlin.

He said, “We send our wishes to all our friends who are on the other side of the wall!”

1000’s of East Berliners couldn’t see — but they could hear. They cheered and shouted “The wall must go!”

“The S&P GSCI U.S. Commodity Price Index has been declining for more than a month; it has fallen 10% since October 24th—marking its largest drop of the recovery. This has left commodity prices essentially unchanged for the last five months ..” @LeutholdGroup (2/x)

“Industrial prices are off by almost 12% from recovery highs, and rather than surging as they did earlier in the recovery, they have also been trending sideways looking back to early May!”

“GoodFellas” has its world premiere 31 years ago today, at the Venice Film Festival.

".. There's not a day that goes by that I don't hear somebody mention" it, Ray Liotta once said. "It's defined who I am, in a sense.”

Thread: Among the early casting ideas:

* Tom Cruise as Henry.
* Madonna as Karen.
* John Malkovich as De Niro’s character, Jimmy.

As Malkovich later told @GQMagazine:

“It’s hard to explain why you end up in ‘Eragon’ instead of ‘GoodFellas’.”// 2