1. IMF scenarios for global growth in 2026.

The growth outlooks are helpful because they’re based on how long Hormuz stays blocked.
Their first, and mildest, sees the waterway reopening within three weeks. That would still make a dent, taking global growth to 2.9% this year from an expected 3.4% before the war. 
Their second scenario is a reopening between mid-May and July. That would take global growth down to 2.6%.
The third involves a closure until July or even later, and this is the one that flirts with a global recession. Growth could be only 2%.

2. Don’t bet against the American consumer.

Consumer resilience is on display again. Despite a war and rising gasoline prices, registers kept ringing the past couple of months.
There are two explanations for why household spending has stayed so strong. One is lower tax withholdings plus bigger tax refunds. 
Another, which mainly helps wealthier families, is stock-market strength. The S&P 500 recovered its initial war losses in just six weeks and is now up 5% since the start of hostilities.
The AI trade has encouraged well-off households to spend much and save less. And yes…retail is all-in on equities.

Below: Savings at an all-time low.

3. More than a trillion dollars capex expected in 2027…

Ok, are there any bears left? Yes, Michael Burry.
In his latest post Burry said he bought additional puts on the Invesco QQQ Trust (QQQ), which tracks the Nasdaq 100 — a tech-heavy index that counts Nvidia, Tesla, and Meta among its 10 largest constituents.
The investor — who shot to fame after his prescient bet against the mid-2000s housing bubble was featured in the book and movie "The Big Short" — also said he purchased fresh puts on Nvidia stock. Burry compares the current AI hype to his previous housing bubble prediction, stating he is positioning himself for when "the music stops".
He wrote that his puts on SOXX, QQQ, Palantir, Nvidia, and Oracle make up nearly 7% of his portfolio, and outright shorts on Palantir and Tesla account for another 2.5%.

4. Novo Nordisk up on strong Wegovy pill sales.

Novo says the total weekly pill prescriptions (TRx) are now over 200,000, which remains an outstanding figure, already close to Wegovy injection’s 270k after just a few months on the market.
Novo Nordisk's fall from grace over the last year has been dramatic and the hugely under-estimated Wegovy Pill could turn Novo's fortunes around.
Valuation is cheap at 14x 2026 P/E, for 10% EPS CAGR 2026-29E.

5. “AI as a service.”

The convergence of 6G technology and Edge AI, expected to mature around 2029-2030, is set to create a, a "distributed AI grid" that will allow telecom operators, tech infrastructure giants, and industrial sectors to generate massive new revenue streams. BCG and Qualcomm project $18.2 trillion in cumulative economic value from 6G by 2035.
And telecom operators are looking to move beyond selling (dumb) data pipelines to providing distributed computing enabling AI inference on-device and at the edge.
Some telcos are already there. SK Telecom restructured their entire company around AI, disclosed AI revenue as a separate P&L line, and their AI Data Centre business grew 34.9% year-on-year in 2025.
This is not a recommendation to buy SK Telecom. SK Telecom is the exception, not the rule.
But this is what happens to a telecom company with an AI strategy. Orange, Deutsche Telekom and even Proximus could fly one day.

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