🚨 Breaking news: Google just launched LUMIERE, the latest AI model for video generation. Lumiere is expected to transform the future of VIDEO forever
Lumiere can generate video from different inputs, including text-to-video, which works like a regular image generator and generates a video from a text prompt, and image-to-video, which takes an image and uses its accompanying prompt to bring the photo to life in a video. The model can also put a fun spin on video generation through stylized generation, which uses a single reference image to generate video in the target style using a user prompt. In addition to generating video, the model can be used to edit existing video through various visual stylizations that modify a video to reflect a specific prompt, cinemagraphs that animate a specific area of a photo, and inpainting, which fills in missing or damaged areas in the video. Source: Shruti Mishra, www.zdnet.com
The market is at the same level as 1960 when adjusted for M2 money supply
Source: Game of Trades
BREAKING: 14% of all commercial real estate (CRE) loans and 44% of office building loans are now in "negative equity."
In other words, the debt is now greater than the property value on all of these properties. Currently, US banks hold over $2.9 trillion of CRE debt, the majority of which is held by regional banks. Office building prices are down 40% from their highs and CRE as a whole is down over 20%. All as rates rise and many of these loans are due CRE is beyond bear market territory.
With the exception of Tesla (-25%), the Magnificent 7 stocks are off to a big start in 2024 with Nvidia (+26%) once again leading the way
Source: Charlie Bilello
This is mind-blowing!
$GOOGL $MSFT $AAPL Source: Bespoe
Intel $INTC, is down 10% after-hours after providing weaker than expected guidance in their earnings release
The move lower has erased $20 billion in market cap in just two hours. Intel provided Q1 2024 EPS guidance of $0.13, which is well below expectations of $0.34. They are also guiding Q1 2024 revenue of $12.2B-$13.2B, below expectations of $14.2B. The question becomes if this weakness is an Intel issue or an industry-wide issue. Source: The Kobeissi Letter
Tesla shares plunged 12% in worst trading day since 2020 after automaker warns of slowdown
Note that short interest as a % of equity float is near record low... Source: Bloomberg, HolgerZ
The median price of a new home sold in the US is down 17% from its peak in October 2022 (from $496,800 to $413,200)
After the last housing bubble peak the median new home price fell 22% nationally before bottoming. Source: Charlie Bilello
