19 Jul 2023

Despite weak US retail sales, yesterday was another strong session for us stocks after Microsoft $MSFT announced new pricing for its AI offerings...

For context, $MSFT and $NVDA have added $175BN market cap today, more than the mkt cap of 462 S&P companies, and more than the value of Nike, Wells Fargo, Walt Disney, Morgan Stanley, Intel, etc This ai related news drove value back near its record lows relative to growth... Source: Bloomberg, www.zerohedge.com

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