Zero Day Options (0DTE) now account for half of total SP500 options volume
Source: Barchart
$AMZN Amazon to invest up to $4B in AI startup Anthropic
💰 Largest investment ever for AWS. 🔎 Google previously invested $300M. 🤖 Anthropic's Claude LLM-based chatbots rivals OpenAI's ChatGPT. The generativeAI battle is heating up. Source: App Economy Insights
NASDAQ's 1999 analogy chart isn't perfect but given the amount of shorting by hedge funds and short gamma selling by dealers, a squeeze in Q4 (the historically strongest quarter) is a possibility
Source: TME
Is the US equity market ripe for a short squeeze?
As highlighted by Goldman Sachs PB: "the amount of shorting in US equities since mid-August is the largest in six months and ranks in the 98th percentile vs. the past decade." Meanwhile, the level of short gamma is the highest in a long time. Dealers have been forced to sell deltas as we have moved lower (chart by Tier1Alpha). This has pressured the market. But we need to keep in mind that gamma works both ways, so a possible bounce from here would force dealers to buy back all that delta they sold recently. Source: The Market Ear
US national debt 23 years later...
Source: Mayhem4Markets
💰According to Forbes, 70% of today’s billionaires are self-made
🤑The best examples are founders of companies that we all use today - Mark Zuckerberg (Facebook), Brin and Page(Google), Jeff Bezos (Amazon). Source: Genuine Impact
Private equity firms are redirecting their focus from mega buyouts to businesses such as private credit as higher interest rates disrupt their strategies
Over the past year, buyouts have been halted due to the impact of higher rates, resulting in private equity firms being burdened with portfolio companies acquired at high prices. In response to this challenging environment, some of the industry’s largest firms are venturing into new areas, including lending to companies, which has become more lucrative as central banks raise interest rates to combat inflation. Top executives from Apollo and Blackstone recently highlighted the potential of private credit and infrastructure investing at the annual IPEM industry conference in Paris. https://lnkd.in/exw5bqWp. Source: https://lnkd.in/eSMS2Q-k
In June 2023, the most visited website in the world is Google
The top website receives 152 billion visits monthly, almost equalling the next 4 websites combined. Source: Genuine Impact
