Microsoft $MSFT has joined Apple $AAPL as the 2nd individual company that has a bigger market cap than the combined market cap of all stocks in the small-cap Russell 2,000:
Source: Bespoke
Moody’s cuts U.S. credit outlook from stable to negative. Will markets just shrug it off on Monday?
Source: Trend Spider
The growth rate of capital being poured into retail money market funds (MMFs) is at its highest level in several decades
Retail MMFs recently surpassed $1.6 trillion; a record high. Source: Koyfin @KoyfinCharts
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has announced plans for a challenge focused on generative artificial intelligence
The winners is set to receive a total of Dh1 million ($272,290) amid the emirate's shift towards the future economy. The Global Prompt Engineering Championship will be held in May next year at Dubai’s Museum of the Future. In the context of AI, a prompt refers to a specific request made to a language model such as ChatGPT, which can in turn provide a response or solution for a user. Source: The National News
200+ years of US interest rates…
The Long View @HayekAndKeynes
This is how Waren Buffet manages risk
Instead of over-diversifying, he takes big bets on companies / stocks on which he has super-strong conviction and knowledge. Almost half of Warren Buffett’s portfolio is made up of Apple at 48%, and valued at $163.7B. The top 5 holdings account for over 75% of the total portfolio... Source: Genuine Impact
Walmart vs Amazon
25 yrs ago: Walmart revenue 305x larger than Amazon. 20 yrs ago: Walmart revenue 51x larger than Amazon. 10 yrs ago: Walmart revenue 7x larger than Amazon. 5 yrs ago: Walmart revenue 2x larger than Amazon. Today: Walmart revenue 1.1x larger than Amazon. Source: Charlie Bilello
Did you know that the biggest e-Commerce app in Asia AND EUROPE trades at 10X earnings?!
$BABA Source: A.J. Button
