"Soft landing" narrative is now the consensus. This also happened in 2000 and 2006...
Source: Game of Trades
The Nvidia share shows very well that analysts usually lag behind the share price with their price targets
Source: HolgerZ, Bloomberg
Nice visualization 👇
Source: Blake Millard thru Michel A. Arouet
Stock market (sp500) volatility in 2023 has tracked alongside historical seasonality. A continuation of that trend would imply a spike in volatility is coming...
Source: Liz Young, SoFi, Bloomberg
Duration risk in one chart. $1 million invested in this Apple AAPL bond is now worth $600k, duration risk is on stage here.
Now think of all those mortgage-backed securities on bank balance sheets... Source: Lawrence McDonald, Bloomberg
Warren Buffett's Berkshire Hathaway reported $1 trillion of assets for the first time last quarter
That's roughly triple the assets of Apple, 10 times Tesla's figure, and 20 times Nvidia's total. Berkshire's assets have ballooned 33,000-fold under Buffett, from under $30 million when he started. Source: business insider
A nice tweet by Rich Kleinbauer
In February 2020, 70% of private sector employee schemes were allocated to long-term debt (mostly UK Gilts). This investment is down -53% since then, i.e a MINUS 37% contribution to performance...
Jackson Hole might NOT be the key market driver
Indeed, nvidia ($NVDA) results tonight could be THE main market event this week given the weight of Nvidia in the main #us #equity indices (4.6% of Nasdaq 100 and 3.1% of S&P 500) and the level of market expectations in terms of top-line growth (68% QoQ) and gross margins (+400bps improvement). Moreover, the Street (and algos) will count the number of times that Jensen says "AI" during the conf call this evening... Source: Markets Mayhem
