Interesting FT article highlighting the improvement of global liquidity (contributor -> Cross Border Capital as contributor)
Flows of global liquidity accelerated higher into early 2024, expanding by 9 per cent at an annual rate from September, led by strong increases in Japan and China In 2024, we expect greater liquidity support from central banks as more policymakers turn towards monetary policy easing. Aside from the Fed, the People’s Bank of China is the obvious central bank to watch as it already contributed almost one-fifth of the total increase in global liquidity last year.
How are the 'Magnificent 7' Tech Stocks doing so far this year?
Nvidia Is Up +23.2% $NVDA. Meta Is Up +11.3% $META. Alphabet Is Up +9.1% $GOOGL. Microsoft Is Up +7.4% $MSFT. Amazon Is Up +4.7% $AMZN. 🔴 Apple Is Down -0.1% $AAPL 🔴 Tesla Is Down -26.2% $TSLA Source: Jesse Cohen, Bloomberg
🚨 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
