Semiconductor stocks have reached their highest valuation compared to the S&P 500, exceeding the levels seen during the dot-com bubble peak.
source : bloomberg
Stock Bubble mentions in the media are at 2-year highs but still well short of the meme-stock mania period in early 2021
source : bloomberg, barchart
% Increase Over Last 10 years...
Nvidia stock price: +19,970% Nvidia net income: +5,860% Nvidia revenue: +1,320% $NVDA Source: Charlie Bilello
What is a store of value?
A good store of value preserve the amount of goods / services money can buy over time. Example (simplified): - The average gold price in 1920 was $20.68 per ounce. Today it is worth $2,100 per ounce. A 100 fold increase. - The average house price in the US in 1920 was between $5,000 and $6,000. The average sales price of a new home in 2023 was $492,000. A 90 to 100 fold increase.
The cocoa rally.
Cocoa prices hit a fresh record high, fast approaching the once unthinkable $7,000 per tonne level. At current levels, we will see soon widespread retail price increases for all kinds of chocolate. Source: Bloomberg, Javier Blas
As highlighted by Tavi Costa:
The recent surge in gold prices, despite a lack of corresponding growth in assets managed by related ETFs, suggests that central banks' purchases have likely been the primary catalyst for the rally. Although there's been a record pace of metal accumulation, central banks currently hold a much smaller proportion of gold compared to historical levels. Back in the late 1970s and early 1980s, these institutions held around 80% of their balance sheet assets in gold, whereas today it's less than 20%. Will they continue to accumulate gold going forward? If we come back to the historical average (in terms of % of reserves), there is massive pent up demand ahead Source: Tavi Costa, Bloomberg
Trading volume in US Bitcoin ETFs hit YTD highs of $8B as Bitcoin prices are up 59% YTD, after reaching a new all-time high.
The surge follows regulatory approvals for spot-Bitcoin ETFs and comes ahead of the anticipated halving event, reflecting significant shifts in crypto accessibility and investor interest. Source: Bloomberg, Beth Kindling
Radar🚨MicroStrategy MSTR just bought another $821 million Bitcoin
It now HODLs 205,000 $BTC bought for $6.9b MicroStrategy is now $7.7 Billion in profit on its Bitcoin investment. A return of 112% so far as Bitcoin breaks a new all-time high yesterday. 112% gains and still buying...
