Warren Buffett became a Millionaire at the age of 30 and a Billionaire at 56
Here's Warren Buffett's net worth by age - source: Evan
Sentiment and overly bullish positioning remain short-term hurdles for the stock market
Too positive
Goldman believes that the 5% EPS forecast for sp500 is too low as a strong economy and falling interest rates should lead to positive surprises
Source: Bloomberg
BofA Harnett: "...new 'BRICS 10’= 51% of global CO2 emissions, 46% of population, 45% of energy consumption, 45% of oil production, 37% of GDP (at purchasing power parity)…
yet <25% of global market cap, and EM equities also at 52-year low vs. US" Source: BofA, TME
The 12 Tenets of the Warren Buffet Way
Source: Investment Books (Dhaval)
It has been our thesis for a while that a big uranium SHORTAGE is coming in this decade
Uranium miners are likely to benefit from this trend and have been enjoying a strong run up over the last few months. Yet uranium miners ($URA $etf) have been diverging from Uranium spot price recently. One fundamental explanation for this is that the Uranium "large caps" which are over-represented in the URA ETF have long-term contracts which means there are not benefiting to a full extent from recent Uranium spot price. Source chart: Game of trades
BREAKING: The US job market remains strong
In December, the US economy added 216,000 jobs, above expectations of 170,000. This means that the US economy has now added jobs for 36 consecutive months. The US Unemployment Rate held steady at 3.7% in December (consensus estimate was for an increase to 3.8%). Wages actually increased to 4.1% year over year from 4% in November. The market reaction is as you'd expect - yields higher, with fewer rate cuts being priced in for 2024. In light of these numbers, there is a problem with the number of FED rate cuts being priced in. Source: Bloomberg
This year is just the fifth time that the S&P 500 has started the year with back-to-back declines of 0.5% or more
Source: Bespoke
