Government shutdowns all have the same cause:
Congress fails to approve new spending when previous spending bills expire. But their impact can vary based on timing, duration and quirks of the budget process that can make money available to some agencies but not others. Here's what shuts down in a shutdown - Bloomberg
Over and over and over again.
Source: Peter Mallouk @PeterMallouk
On September 30, 2025, Nvidia will file its 13F form.
This report will list the companies Nvidia has invested in. Here are Nvidia’s current investment stakes: Source: graniteshares
US government shutdowns can last weeks...
The longer the shutdown, the higher the impact on GDP Source: Bloomberg
Gold and Digital Gold aka bitcoin are diverging.
Does it signal troubles ahead for cryptos? Note this is not the first time it happens, including in 2025 Source: HolgerZ, Bloomberg
Jeff Weniger went through all the cycles back to 1974.
In the 12 months after the first rate cut, Consumer Discretionary went on to beat the market in 75% of the observations. Poor performers included Energy and Utilities, which beat the market in only 17% and 25% of the 12-month windows, respectively. Source: Jeff Weniger
Lot of talk how valuations are 'high'.
Here's another reminder there is virtually no correlation between P/E multiples and what the S&P 500 does the next year (R-squared of -0.01). Source: Ryan Detrick, Carson
What’s fluffy, has big ears, and has seen its stock outpace the likes of Nvidia, Palantir, and Microsoft?
It’s Build-A-Bear Workshop, of course. The almost 28-year-old mall staple where one can stuff, name, dress, and accessorize a cuddly toy has seen its stock price soar more than 2,000% over the last five years, as reported by the Washington Post on Monday, outperforming some of the hottest names in AI and technology. Indeed, a theoretical $100 invested into BBW stock at the start of 2021 would be worth ~$1,600 today — about $200 more than the theoretical value of the same amount of Nvidia stock. Since its sales plunged in 2020, Build-A-Bear has only gone from strength to strength. The company reported its best Q1 results ever in May, with revenue rising 11% to $128.4 million, having emerged as a post-pandemic winner after tapping into a lucrative market: grown adults. Source: Chartr
