The chart is a log graph of $1 invested in the S&P 500 in the year 1950 by Personal Finance Club.
They listed all of the market crashes that were 15% or more. They removed the Y-axis, but it shows $1 growing to over $1,000! Note that there were many -10% corrections over the period but that only -15% and worse are listed below
Nvidia, $NVDA, 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? It was Meta, $META, just 20 days ago after reporting their quarterly earnings. Nvidia is now just 5% away from being the third US company with a $2 trillion+ market cap. Big tech stocks are getting bigger. Source: The Kobeissi Letter, Bloomberg
Top 11 Countries by Gold Reserves
By Visual Capitalist, Win Smart
Nestle Chief Executive Officer Mark Schneider said GLP-1 obesity drugs like Wegovy will probably increase demand for a range of food products that can help avoid nutrient deficiencies...
Source : Bloomberg
European stocks are hitting all-time highs, following Japan!
source : bloomberg
Germany’s manufacturing downturn unexpectedly deepens amid falling demand at home and abroad.
S&P Global’s PMI for the country’s industrial sector dropped to 42.3 from 45.5 the previous month – well below any economist estimate in a Bloomberg survey. The picture was brighter in France, where the contraction eased much more than analysts had predicted. Companies reported improving demand while expanding their workforce. Source: Bloomberg, HolgerZ
In less than a decade, Uber and Lyft destroyed NYC Taxis
Source: Markets & Mayhem
10 things learned from principles by raydalio
Source: Compounding Quality
