Nvidia has added nearly $250 billion in market cap so far today.
This puts the stock on track to post the biggest single-day market cap gain in stock market history. The previous record? -) Meta, 20 days ago ... source : The Kobeissi Letter, bloomberg
China to send more pandas to US
China's Wildlife Conservation Association is working with the National Zoo in Washington in an arrangement that could bring more pandas back to the United States, signalling improving diplomatic relations between the two superpowers. China has lent its beloved bears to zoos in various countries over the years as goodwill animal ambassadors and also fostered a modern Sino-U.S. "panda diplomacy" with the gesture.Back in November, the National Zoo in Washington returned three pandas to China as part of a more than 50-year-old legacy, leaving Georgia's Zoo Atlanta as the only one in the U.S. with a giant panda program. Source : reuters
Nice visual by Graphite Asset Advisory and John Haslett, CA(SA), FRM
𝗛𝗮𝗹𝗳 𝘁𝗵𝗲 𝗦𝘁𝗼𝗿𝘆: 𝗪𝗵𝘆 𝗔𝗽𝗽𝗹𝗲' 𝗶𝘀 𝗻𝗼𝘁 𝗮 𝟱𝟬% 𝗦𝗹𝗶𝗰𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗕𝗲𝗿𝗸𝘀𝗵𝗶𝗿𝗲 𝗛𝗮𝘁𝗵𝗮𝘄𝗮𝘆 𝗣𝗶𝗲 Apple isn't half of Berkshire Hathaway. Why? Because the pie is much bigger ! 𝗪𝗶𝘁𝗵 𝟲𝟱 𝗱𝗶𝘀𝘁𝗶𝗻𝗰𝘁 𝘂𝗻𝗹𝗶𝘀𝘁𝗲𝗱 𝗴𝗲𝗺𝘀 (swipe right for full list) in its treasure chest along with interest bearing cash and fixed income, Berkshire Hathaway's empire stretches far beyond the realms of just the listed stock market.
US financial conditions are very easy compared to Fed Funds...
Too easy? Bear in mind what the FOMC said in the Minutes on Wednesday: "Several participants mentioned the risk that financial conditions were or could become less restrictive than appropriate, which could add undue momentum to aggregate demand and cause progress on inflation to stall." Could this lead the fed to keep rates higher for longer? How long will the market be able to shrug off high rates and higher bond yields? Source: www.zerohedge
Market Breadth continues to look strong!
More than 72% of sp500 stocks are now trading above their 200D moving average. Source: Barchart
The nasdaq doesn't care about rate cuts expectations.
The Nasdaq (green line) continues to move higher despite rate cut expectations (red line) moving down... Will the gap get ultimately closed? Source: Bloomberg, www.zerohedge.com
JUST IN: Reddit converted its excess cash into Bitcoin $BTC and Ethereum $ETH
Source: Barchart
To the Moon: Intuitive Machines successfully landed its Odysseus lunar lander, at 6:11 p.m. ET on Feb. 22, making it the first privately (non-government) built spacecraft to achieve this feat.
The US hasn't had a moon landing — manned or unmanned — since 1972. Source: Bloomberg, HolgerZ
