Peter Lynch about the risks of over-diversification
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A vision of the future from 1930.
Source: Jon Erlichman
The quickest way to build a business? Focus on retention! 💡
As highlighted by Corporate Rebels, here’s how a firm can make work more fun and turn customers into lifelong fans: ✅ Prioritize customer service over profits to earn loyalty. ✅ Treat employees like owners and give them autonomy to keep customers happy.
Even just combining the 80 companies found manually in SEC filings accounts for 17% of the total bitcoin ETF holdings.
While not all can be considered institutional investors, significant numbers are included - e.g Millenium, Susquehanna, Horizon Kinetics, Jane Street Group, Schonfeld, Morgan Stanley, Point72, Farallon, tc. Viewing ETF inflows solely as retail contributions seems inappropriate. Source: Ki Young Ju
"Trump trade" (or the inflation rotation trade?) – Russell long vs Nasdaq 100 short – gains momentum.
Source: HolgerZ, Bloomberg
Markets now have a BASE CASE of 6 FED interest rate cuts over the next year.
The base case shows rate cuts at every meeting remaining in 2024 starting in September. Discussions of a 50 basis point interest rate cut have even begun to emerge. This feels a lot like January 2024 when the market went from pricing-in 3 rate cuts in 2024 to 7 in a matter of weeks. Source: The Kobeissi Letter, CME
🚨 GOLD HITS $2,453 - A NEW ALL TIME HIGH 🔥
🔉 Just as Powell signals rates cuts before inflation comes down to 2%... Source: Bloomberg
Us small caps are up 6.8% over the last 3 trading days while US Large Caps are flat.
The 6.8% spread is 6 standard deviations above the mean & the 3rd largest small outperformance since inception of the first small cap ETF in May 2000. $IWM $SPY Source: Charlie Bilello
