Forecasts for capital expenditure, #capex are running at record levels among S&P 500 companies, alongside buoyant #earnings estimates. This indicates businesses are going to follow through on their plans, chart @markets https://tinyurl.com/yvvjfawj

US #Barbie vibes: The sources of the boost added to the flare, consumption saw a solid lift (from spending on both goods and services), prices cooled, and #capex spending popped thanks to #industrial policies such as #IRA - chart @JPMorganAM

As earnings weaken, how do firms manage #costs? Put simply, for firms, the order of operations when it comes to cutting costs tends to be #capex first and then #employment, notes David Lebovitz @JPMorganAM

US GDP: #inventories, which continued to build as goods demand weakened, contributing about half of the growth reported; #consumption, which came in still solid, but slower than expected; and #capex appears to be cooling despite firm spending on tech, chart @JPMorganAM