-
Iran produces about 3.3 million barrels of oil per day, roughly 3% of global supply, and sits along the Strait of Hormuz, a chokepoint for about one-fifth of global crude flows. 1
-
The number of U.S. private companies valued at $1B+ (“unicorns”) rose from 114 ten years ago to 857 by 2025, an annualized growth rate of about 25%. *2
-
AI data centers can use 50 to 100 times as much electricity as the Empire State Building, straining grids in regions where 8 of 13 U.S. regions already have limited spare capacity. The average US residential electricity bill is up by more than 30% since 2020. 3
-
Credit and debit card spending rose 2.5% year over year among higher-income households in January, versus just 0.3% for lower-income households. 2
- Bloomberg – “What’s at Stake for Oil Markets as Trump Strikes Iran”
- MFS – “Beyond the News”
- Barron’s – “Tech Giants Are Paying Up to Power AI. These Utilities Will Be Big Winners.”
*Past performance is not indicative of future performance
Economic Calendar
Monday:
S&P final U.S. manufacturing PMI (Feb), ISM manufacturing (Feb), Auto sales (Feb)
Tuesday:
New York Fed President John Williams remarks, Kansas City Fed President Jeff Schmid speaks, Minneapolis Fed President Neel Kashkari interview
Wednesday:
ADP employment (Feb), S&P final U.S. services PMI (Feb), ISM services (Feb), Fed Beige Book
Thursday:
Initial jobless claims (week of Feb. 28), U.S. productivity (Q4), Import price index (Jan), Import price index excluding fuel (Jan), Fed Vice Chair for Supervision Michelle Bowman speaks, Chicago Fed President Austan Goolsbee speaks
Friday:
U.S. employment report (Feb), U.S. unemployment rate (Feb), U.S. hourly wages (Feb), Hourly wages year over year, San Francisco Fed President Mary Daly speaks, Cleveland Fed President Beth Hammack speaks
| 
