TIME's new cover: The 100 most influential people in AI
Note that Elon Musk is missing on this cover page while Scarlett Johansson appears nearby the CEO of Nvidia. Indeed, according to TIME, Scarlett Johansson is more influential in AI than Elon Musk...
This Goldman chart shows that September is historically weak for global equities and risk assets w/avg return at -2.31%.
Sept 16th has been a seasonal turning point, w/2H Sept being the worst performing 2 weeks of the year, BUT maybe this seasonality gets pre-traded by market participants this year. Goldman says flow-of-funds, such as the quarter-end pension rebalancing can explain the annual weakness in September. Source: HolgerZ, GS
BREAKING: August private payrolls in the US rose by 99,000, well below expectations of 144,000.
This marks the smallest gain since 2021. Source: The Kobeissi Letter, ADP
Warren Buffett’s Income Statement Rules of Thumb by Brian Feroldi
.
Increase in CapEx spending over the last year...
-Google $GOOGL: +91% -Amazon $AMZN: +55% -Microsoft $MSFT: +54% -Meta $META: +33% Source: Charlie Bilello
Just 4% of marketers surveyed by Kantar said that adverts on Elon Musk's platform were 'brand safe', compared with 39% for Google.
Source: FT
Nobody wants to touch China
Source: Markets & Mayhem
There’s cheap and there’s very cheap.
Chinese stocks are now trading at just 40% of US stock valuations. That ratio is now 2 standard deviations below the historical average. Source: David Ingles, Bloomberg
