The Evolutionary Layers of AI
Source: Panagiotis Kriaris
🟢 BTC +3% 🔴 GOLD −6%
Some rotation from gold into bitcoin? Source: Trend Spider
Gold is giving us a lesson in statistics. Yesterday's −5.7% move is a rare 4.46-sigma move.
In a “normal” world, that’s once every 240,000 trading days. In reality −4.67% to −6.00% occurred 34 times since 1971, i.e. in 13,088 trading days (0.26% = 1 in 385 days). Even bigger drawdowns happened 21 times since 1971. Message: Gold is NOT low-vol. FOMO caused the latest leg up. Now, profit taking and weak hands got shaken out. Means? Statistically speaking, chances are that calmer days are ahead. Source: Alexander Stahel 🌻@BurggrabenH on X
Zero-revenue stocks are up 34% this year, outpacing the Mag 7.
Source: StockMarket.news
Goldman Sachs says its basket of most-shorted stocks is up 16% in October, on pace for its best month on record since 2008, far outpacing the S&P 500’s 0.7% gain.
At the same time, Goldman’s unprofitable tech basket, which includes names like Roku and Peloton, has also surged 16%, the strongest October since 2014. Source: StockMarket.news, Bloomberg
This is ugly...
EURCH is at a critical support level.
Google and Anthropic are reportedly in talks on cloud deal worth tens of billions
Anthropic is in discussions with Google $GOOGL about a deal that would provide the with additional computing power valued in the high tens of billions of dollars The plan, which has not been finalized, involves Google providing cloud computing services to Anthropic - Bloomberg Google stock is up 3% in after hours on the news Source: Evan
$NFLX announces new logo following earnings
Netflix (NFLX) missed Wall Street third-quarter earnings targets due to an unexpected expense from a dispute with Brazilian tax authorities, though it offered a slightly stronger-than-expected forecast for the rest of the year. Shares fell 4% to $1,186.82 in after-hours trading on Tuesday. Source: John Trades MBA @JPATrades
