The Economic potential of generative ai, the next productivity frontier:
The Economic potential of generative ai, the next productivity frontier Source: McKinsey
SEC Formally Accepts BlackRock Spot Bitcoin ETF Application for Review
SEC Formally Accepts BlackRock Spot Bitcoin ETF Application for Review. The procedural move suggests that the federal agency will give the closely-watched application a serious look. BlackRock's application to offer a spot Bitcoin exchange-traded fund (ETF) has been added to the official docket of the Securities and Exchange Commission as part of its proposed rule change process. The move, recorded late Thursday, advances the most closely-watched Bitcoin-related proposal to the SEC to date. Source: Decrypt
This didn't do the headlines but the fact is that Trade-weighted Euro reached a new all-time high this week
Source: Bloomberg
Speculation is Back
Source: Bloomberg
15% of global internet traffic is Netflix
Source: Statista
World Debt
Source: BofA
The housing bubble continues to lose more air in Germany
The housing bubble continues to lose more air in Germany. In June, real estate prices slumped sharply, w/existing homes in particular falling by 2.4% MoM. Even new buildings became somewhat cheaper, namely 0.4%. Source: Bloomberg, HolgerZ
The S&P 500's 25% gain since last year's low has been driven by valuation expansion rather than rising earnings
The S&P 500's 25% gain since last year's low has been driven by valuation expansion rather than rising earnings. There is hope that earnings will start recovering in Q3 and through 2024. Source: Edward Jones
