“Maybe” The World’s Most Powerful Banker Knows Something That We Don’t?
Jamie Dimon bought 1.235 million shares in the open market from 2009 to 2016 at the exact times when markets bottomed. Last week, he sold 821,778 shares of JP Morgan stock worth $150 million for the first time ever. Impeccable timing? Time will tell... Chart: Bespoke through Sagar Singh Setia
It's been 309 trading days since ChatGPT was released on 11/30/22 and the Nasdaq is up 46.07%.
In the 309 trading days after Netscape (the first web browser) was released in December 1994, the Nasdaq was up 45.9%. Source: TME
Despite the surge in market-cap indices, small-cap stocks remain deeply entrenched in a bear market, now down 27% from their recent peak.
Source: Bloomberg, Tavi Costa
I believe you have to be willing to be misunderstood if you're going to innovate
Source: LeadershipRight
Elon Musk, the CEO of X (formerly Twitter), has confirmed the imminent launch of Xmail, sparking speculation about its potential to rival Google's Gmail service.
Musk's announcement came swiftly after rumors of Gmail's impending shutdown spread like wildfire on the internet. Source: India Today, Times Now
BYD Co. debuted its most expensive car on Sunday
A 1.68 million yuan ($233,450) high-performance fully-electric supercar pitted against gas-guzzling options offered by rivals such as Ferrari NV and Lamborghini. The Yangwang U9 will initially be for the China market, the company said at a live-streamed event in Shanghai. The car can hit 100 km/h (62 mph) in 2.36 seconds and reach a top speed of 309.19 km/h, it said. Source: Bloomberg
The World’s Top Cobalt Producing Countries by Elements / Visual Capitalist
Cobalt, an essential component of key chemistries of the rechargeable lithium-ion batteries used in EVs, has seen a significant shift in its global production landscape. The Democratic Republic of Congo (DRC) has long been the world’s largest cobalt producer, accounting for 73% of global output in 2022. However, according to the Cobalt Institute, the DRC’s dominance is projected to decrease to 57% by 2030 as Indonesia ramps up its cobalt production as a byproduct from its rapidly expanding nickel industry. The EV industry is the largest consumer of cobalt, accounting for approximately 40% of total demand. The exponential growth of the EV sector is expected to drive a doubling of global cobalt demand by 2030.
World oil demand is breaking out to new all-time highs.
Source: Topdown charts
