Open AI Mafia
In the last 5 years, over 30 employees have quit OpenAI to start their own ventures Source: The Market Mind
The sector rotation so far this year has been absolutely stunning...
Source: Charlie Bilello
The worst performers in the S&P 500 this year--software cos like Workday, Intuit and private credit giants Apollo, Blackstone, Ares
Source: Gunjan Banerji
Have we seen this before? $SLV $EWY
Source: Trend Spider
🚨HAVE US TECH STOCKS PEAKED?
Tech, telecom, and healthcare stocks now make up 44% of global market cap, matching the 2000 Dot-Com bubble peak. Back then, this level marked a major turning point, followed by years of underperformance. Meanwhile, financials, energy, and materials have risen to 25%, mirroring the same early-cycle recovery pattern seen after the Dot-Com peak. Will industrials OUTPERFORM over the upcoming decade? Source: Global Markets Investor
Research from Goldman shows that rising oil prices hurt emerging market economies as a whole.
While emerging markets typically depend more heavily on commodity exports compared to developed markets, they also use a greater share of commodities relative to their GDP. This makes them vulnerable to the indirect consequences of higher oil prices, such as slowed global economic growth. Noteworthy exceptions include Brazil and Russia. Source: Goldman Sachs, Markets & Mayhem
Bloomberg Commodity index $BCOM vs. US 10-year breakevens is now trading with a massive gap
A divergence we rarely see. Source: TME, LSEG
Is Iran’s strategy already working?
Source. Bloomberg
