The stat of the day >>>
Yes, the Fed has already cut near all-time-highs and you know what ❓ The Bulls 🐮 Liked it 👍 The S&P 500 is less than 2% away from all-time highs the day before a Fed decision. Since 1980, there were 20 other times they cut rates within 2% of ATHs. The S&P 500 was higher a year later 20 times 🚀 Source: Ryan Detrick, CMT @RyanDetrick
Apple now trades at over 41x earnings, its highest P/E ratio since 2007 (first iPhone was released).
When Berkshire Hathaway started buying Apple in 2016 it was trading at less than 10x earnings. Berkshire sold 67% of their stake this year. $AAPL Source: Charlie Bilello
Nvidia's loss is Tesla's gain.
Is Tesla the new Nvidia? $NVDA $TSLA, Source: The Kobeissi Letter
AI is eating software.
Source: Vala Afshar, FRED
"The MSCI US now accounts for a staggering 74% of the market capitalization of the All Country World MSCI."
Source: Yardeni
BREAKING: Softbank CEO Masa Son was reportedly visiting the US yesterday to announce a $100 billion investment with President- elect Trump, per CNBC.
The investment will be focused around building out AI and aims to create 100,000 jobs in the US. SoftBank CEO says his "confidence level" in the US economy has "tremendously increased with [Trump's] victory" - announces $100 BILLION investment. "Because of that - I am committing $100 billion and 100,000 jobs into the United States. This is DOUBLE of last time... because President Trump is a double-down president." Source: Eric Daugherty @EricLDaugh
Bitcoin’s current token distribution:
57% Individuals 17.6% Lost 6.6% Not mined yet 5.2% Satoshi Wallet 3.9% ETFs 3.6% Companies 3.4% Miners 2.7% Governments Source: Cory Bates on X
Enron: The rise, the fall, the cautionary tale.
QUESTION: What's today's Enron? Source: Hedgeye
