Buffett's Berkshire Beats the S&P 500 in Jan 2024 by 6%
Berkshire Hathaway outperformed the S&P 500 by an impressive 6% in January 2024, marking the fourth highest monthly outperformance over the last decade. Despite Apple, which represents 50% of Berkshire's portfolio, being down more than 3% (indicated by white bars), Berkshire's value soared. In an extraordinary display in November 2018, despite Apple's plunge of over 18%, Berkshire Hathaway saw an increase of more than 4%. source : John Haslett, CA(SA), FRM, Graphite Asset Advisory
German factory orders unexpectedly advanced at year end
GERMANY DEC. FACTORY ORDERS RISE 2.7% Y/Y; EST. -5.3% - BBG *GERMANY DEC. FACTORY ORDERS RISE 8.9% M/M; EST. -0.2% That jump —defying a median economist estimate of a 0.2% decline — was thanks to major orders, without which there would have been a 2.2% drop , Destatis said. Source: Bloomberg, C.Barraud
$NVDA's top 4 customers account for 40% of revenues, and every one of them is actively working on their own custom AI silicon.
AI capex will keep flowing to NVDA in the short run, but what will happen when initial training is done and inference is done locally? Source: Supreme Bagholder
Nvidia's market cap is now over $100 billion higher than all of the companies in the S&P 500 energy sector ... combined. $NVDA $XLE
Source: Charlie Bilello
Waiting for the pullback...
On October 31st, 2023, Nvidia, $NVDA, had a market cap of ~$950 billion. Since then, Nvidia is up 79% and just hit an all time high market cap of $1.7 trillion. In other words, Nvidia has added $750 BILLION in market cap in 70 trading days. That's an average of $10.7 billion PER DAY for 70 trading days in a row. Source: Trendspider, The Kobeissi Letter
Germany's exports to Kyrgyzstan were up 1200% in 2023 vs before Russia invaded Ukraine...
Source: Robin Brooks
Is the market pricing in a Trump victory?
Based on Goldman's Republican winners vs losers basket performance, it appears stocks are moving in sync with Trump's odds. Source: www.zerohedge.com
The short term gap is huge. NASDAQ futs vs US 10 year (inv), 10 min 3 mths chart.
Source: TME
