$ETN : to acquire Fibrebond Corporation for $1.4bn or ~12.7x EBITDA - to continue to build out pre-integrated modular power enclosures for data center, industrial, utility and communications markets. No DC slowdown.

$ACN: acquires Soben w/capabilities in Data Center, pharma and energy expertise. newsroom.accenture.com/news/2025/acce…

Job Openings & Labor Turnover Survey (JOLTS): job openings +232k M/M to 7.74 million in January.  Total hires increased +19k M/M. Quits increased +170k and +2.1% (versus 1.9% prior) - a signal that there are better jobs out there. #labormarket - still steady

$ETN: Analyst day - over 70% of the US grid is 25 years old. $NEE $PWR $ETN $GEV - and so many others.

Just beginning: $BA - faster delivery pace in February as recovery progressed Remains my favorite industrial idea for 2025 flightglobal.com/airframers/boe…

$NEE - have never owned as typically expensive (for good reason) but down 12% from highs and in the middle of the grid/power infrastructure theme - starter position. 14X EBITDA vs 16X average. Will leg in.

Ending green on a challenging week. Focused on solid fundamentals & pos EPS revisions to slowly add. $ETN $NEE $GAP $SNOW $AMZN $BAC Enjoy the weekend and this song - such a warm voice. Olivia Dean - Touching Toes

A variety of GDP readings for 1Q: St Louis Fed up to 2.33%, NY Fed is at 2.69%. Both as of March 14th. GDPNOW still at -2.4% as of March 6th.

Cyber security remains my favorite theme in tech: $GOOGL agrees to buy Israel’s cyber unicorn Wiz for $32b timesofisrael.com/google-said-in…

AI Chip competition heating up: $NVDA $AMZN $AVGO theinformation.com/articles/amazo…

$BA - remains my favorite 2025 pick - CFO gives upbeat outlook w positive FCF implications CNBC cnbc.com/2025/03/19/boe…

I don’t send out many personal. But I cannot be more super proud. Please be kind in the fall - as I will be an empty nester.

Back from holiday - Econ data points NOT recession: existing home sales, housing starts, IP, initial claims, retail sales +3.1% y/y. GDP likely at 1.5-2%. Less than the 3% but still solid. Added to $BA Enjoy - The Alan Parsons Project - Eye in the Sky Happy Birthday Dad!

One of my favorite macro Wall Street shops - 22V on the consumer: “The household sector financial surplus is 6% of GDP and during 4Q household debt contracted at an annualized rate of 2.4%. The 2Q growth rate was near zero. The household debt growth is decelerating”.

$BA and $EADSY exploring output rates up to 100 a month for each of their next airline programs investing.com/news/stock-mar…

$DLTR closes +3% after the announcement to sell FDO to private co. $DLTR bought the co in 2014-15 for $9B and is getting just $1B of that figure back today. Pretty horrible deal. Too many others trying to figure it out: $TGT $GAP

Challenging week but the data still supports GDP growth - just slower growth. Continue to look for opportunities for high quality, #1 or #2 cos in their respective industries. $AMZN $AXP $SLB $UNH $NEE Enjoy the weekend - an upbeat song for all of us. Passenger - Anywhere

Be humble and kind. But know your worth.

Good read: Heathrow Shutdown Shows How Electrified World Depends on Transformers $PWR $ETN $NEE $GEV bloomberg.com/features/2025-…

Buyout, aerospace firms close in on $8 billion-plus $BA navigation unit reuters.com/business/aeros…