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Plus! Ads and Data; Restocking, Destocking, and Equilibria; The Negotiations Continue; De-Risking; Other Angles
Plus! The Market; Supply and Demand; The March Continues; ETFs; Intellectual Property
Plague, Manufacturing, FX, Agents, Trump, Surface Area, AI
Plus! Reindustrialization as a Financial Engineering Problem; How the Tariffs Happened; Meanwhile, in Europe; Lead Generation; The Platform
Plus! Interfaces; Surface Area; AI's Jobs Impact; Capacity; Capacity, Continued
More in finance
Trump continues to dismantle crypto enforcement while expanding his personal crypto empire
The life and times of one of the most skilled tycoons of South East Asia: Robert Kuok. This is the fourth case on the rise of a tycoon in the Asian Conglomerate series.
From Dodge Data Analytics: Dodge Momentum Index Declines 7% in March The Dodge Momentum Index (DMI), issued by Dodge Construction Network, receded 6.9% in March to 205.6 (2000=100) from the revised February reading of 220.9. Over the month, commercial planning declined 7.8% while institutional planning fell 5.0%. Increased uncertainty around material prices and fiscal policies may have begun to factor into planning decisions throughout March,” stated Sarah Martin, associate director of forecasting at Dodge Construction Network. “While planning data has weakened across most nonresidential sectors this month, activity remains considerably higher than year-ago levels and still suggests steady construction activity in mid-2026.” On the commercial side, weaker planning activity for warehouses, data centers and retail stores drove this month’s decline. Meanwhile, hotel and office planning continued to accelerate. On the institutional side, planning activity slowed for education, healthcare and government buildings. In March, the DMI was up 30% when compared to year-ago levels. The commercial segment was up 32% from March 2024. The institutional segment was up 27% over the same period, following a very weak March last year. The influence of data centers on the DMI this year remains substantial. If we remove all data center projects between 2023 and 2025, commercial planning would be up 4% from year-ago levels, and the entire DMI would be up 12%. While momentum decelerated for data centers this month, levels of activity remain very high. ... emphasis added Click on graph for larger image. Commercial construction is typically a lagging economic indicator.
Plus! Ads and Data; Restocking, Destocking, and Equilibria; The Negotiations Continue; De-Risking; Other Angles
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. mortgage purchase applications index. FOMC Minutes, Meeting of March 18-19
