Is AI hype a bubble or the next big thing?
Magnificent 7 stocks are 30 TIMES higher than where they were 10 years ago, exceeding gains of other historical manias. The Nasdaq 100 rose 12x in 10 years before the 2000 Dot-Com Bubble popped. The Nikkei 225 rose 10x in a decade during the Japanese bubble of the 1980s. Furthermore, Gold saw a 15x increase in price in the 1970s before its peak. Lastly, Nifty Fifty stock prices rose 5x in the 1960s before the bull market ended in 1969. Will AI live up to the historically high expectations? Source: The Kobeissi Letter
‼️US economy policy uncertainty is SPIKING:
This means economic environment will be challenging to predict and may impact investments and spending, as well as trigger more volatility in the markets. The index is only below the 2018 levels when the previous trade war took place. Source: Global Markets Investor
Trump is going to launch a Bitcoin Plus ETF.
Safe to say first-ever POTUS ETF issuer. Source: Eric Balchunas, Bloomberg
Trump 2.0 is definitively starting off differently.
The speed of announcements and changes has been staggering. JPM notes that Trump 1.0 started with asset managers' positioning much lighter than this go around. Source: JP Morgan, RBC
Stock Market Sentiment: Fear Amidst Gains?
Despite trading in the green for two consecutive days and sitting just 1.1% away from all-time highs, market sentiment remains cautious. Fear still lingers. source : cnnsentiment
Surprise surprise...
Source: Peter Malouk, Tax foundation
Roughly 20,000 federal employees have accepted President Trump's buyout offer to leave their jobs and receive an 8-month severance.
The goal is to reduce the federal budget by removing unnecessary bureaucrats. Source: Wall Street Mav
Cut cut cut...
ECB’s Wage Tracker Points to Steep Slowdown This Year - Bloomberg Source: Bloomberg
