Incredible stat: 98% of Warren Buffett's current net worth of $160 billion came after he turned 65.
"My life has been a product of compound interest." Warren Buffett Source: Peter Mallouk
Total Put/Call Ratio is now at 0.62, the lowest level since December 2020
Bulls are out in full force Source: Barchart
The FT reports that a secret meeting between US and China which took place in IMF basement paved way for tariff deal seen on both sides as a victory 👇
The first meeting to break the US-China trade deadlock was held almost three weeks ago in the basement of the IMF headquarters, arranged under cover of secrecy. "US Treasury secretary Scott Bessent, who was attending the IMF spring meetings in Washington, met China’s finance minister Lan Fo’an to discuss the near complete breakdown in trade between the world’s two biggest economies, according to people familiar with the matter. The previously unreported encounter was the first high-level meeting between US and Chinese officials since Donald Trump’s inauguration and the launch of his tariff war. The Treasury declined to comment on the secret meeting. The talks culminated this weekend in Geneva with Bessent and He Lifeng, China’s vice-premier, agreeing a ceasefire that would slash respective tariffs by 115 percentage points for 90 days". Link to FT article >>> https://lnkd.in/e_a7Rcix
BREAKING 🚨: Fund Managers
Fund Managers have missed out on the recent stock surge after recently reducing their equity exposure to the lowest levels in 2 years 👀 Source: Barchart, BofA
Hedge fund capitulated with second biggest short covering panic on record during Monday melt-up 🚀
On Monday, the Goldman Prime Brokerage Global equities book saw the second largest notional net buying in 5 years (+4.3 sigma), driven by short covers and to a lesser extent long buys (1.6 to 1). All regions were net bought, led by North America and to a lesser extent Europe (both led by short covers). Goldman HF Prime report shows that hedge funds net bought US equities at the fastest pace since Apr 9th (+4.0 sigma one-year), driven by short covers and long buys (1.5 to 1). Single Stocks / Macro Products were both net bought and made up 53% / 47% of the total notional net buying, led by short covers / long buys, respectively. Source: Goldman, zerohedge
Jim Cramer Remains Undefeated His "Black Monday" warning occurred at the EXACT time that the Stock Market bottomed.
S&P 500 is now in a bull market Source: Barchart
"History does not repeat itself but often rhymes" - Mark Twain
On the back of lower than expected inflation CPI report yesterday, the S&P 500 joined the Nasdaq 100 in the green year-to-date, erasing all of the April pullback. The S&P 500 Trump Tariffs 2.0 line is catching up with the Trump Tariffs 1.0 one... Source: zerohedge
Yesterday, NVIDIA announced a strategic partnership with HUMAIN, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), to advance AI and digital infrastructure.
The key components of this partnership include: 👉 AI Factories and Infrastructure: NVIDIA and HUMAIN will develop hyperscale AI data centers with a projected capacity of up to 500 megawatts, powered by several hundred thousand of NVIDIA’s advanced GPUs over the next five years. The initial phase involves deploying an 18,000 NVIDIA GB300 Grace Blackwell AI supercomputer with NVIDIA InfiniBand networking. 👉 NVIDIA Omniverse Platform: HUMAIN will implement NVIDIA’s Omniverse platform as a multi-tenant system to create digital twins, enhancing efficiency and safety in sectors like manufacturing, logistics, and energy. This supports Saudi Arabia’s Industry 4.0 goals.
