10 year returns of more than 2,000%
Bitcoin: +44,369% Nvidia: +31,323% AMD: +5,722% Shopify: +3,680% Broadcom: +2,478% Comfort Systems: +2,365% Axon Enterprise: 2,339% Texas Pacific Land: +2,310% MicroStrategy: +2,108%
WHO RUNS THE OIL WORLD?
The US isn’t just flipping burgers - it's pumping 22.7 million barrels of oil a day, more than double Saudi Arabia or Russia. That’s 22% of the world’s supply. Saudi Arabia and Russia trail with 10.7 and 10.5 million barrels/day. Canada’s in 4th (6.0), followed by China (5.3), Iran (4.7), Iraq (4.5), and Brazil (4.3). Total world production? 102.8 million barrels a day. Which means the U.S. alone is doing over a fifth of the heavy lifting. Source: Statista thru Evan on X
President Trump says interest rates should be as low as 1% and we have a "stupid person" at the Fed.
Source: Stocktwits
The GOATs of investing
Annual outperformance vs. sp500 / number of years (track record)
The world's biggest exporters of goods.
Source: Civixplorer @Civixplorer
On June 29th 2010: Tesla went public.
$4,000 invested in the IPO would be worth more than $1 million today. Source: Jon Erlichman @JonErlichman
It would be great to see more new all-time-highs at the stock level. It would be great to see more new all-time-highs at the stock level.
Market breadth should confirm market action at the headline level
This chart comparing AI leaders and AI laggards highlights how artificial intelligence is reshaping companies and business models.
As the chart below shows, the pace of disruption has accelerated significantly in recent weeks. (HT Goldman Sachs) Source: HolgerZ, Bloomberg
