Revenue $28.10 billion, +12% y/y, beating estimates of $26.36 billion. Adjusted EPS 50c, down vs 72c y/y, and missing the estimate if 54c.

M2 Money Supply is about $22 trillion after a $6 trillion rocket-boost in the Covid stimulus phase. That may sound like a lot, but consider the global bucket of financial assets is worth $480 trillion. 

The major European stock markets had a mixed day today.

The Dow and tech-heavy Nasdaq struggled the most, both dropping triple digits.

Massive government spending and a global reflation are transforming markets in ways most investors don’t yet see.