BYD Entering Major Support Zone
Since the May high, BYD (1211 HK) has consolidated more than 20%! The stock is now entering a major support zone between 103-123. Additionally, BYD is back at the 61.8% Fibonacci retracement, which places it in the discount zone. Keep an eye on the price action over the next few days for potential developments. Source: Bloomberg
Here’s how the Nasdaq is tracking at 645 days since the release of ChatGPT versus the release of Netscape in December 1994.
Source: Bespoke @bespokeinvest
10 year returns of more than 2,000%
Bitcoin: +44,369% Nvidia: +31,323% AMD: +5,722% Shopify: +3,680% Broadcom: +2,478% Comfort Systems: +2,365% Axon Enterprise: 2,339% Texas Pacific Land: +2,310% MicroStrategy: +2,108%
WHO RUNS THE OIL WORLD?
The US isn’t just flipping burgers - it's pumping 22.7 million barrels of oil a day, more than double Saudi Arabia or Russia. That’s 22% of the world’s supply. Saudi Arabia and Russia trail with 10.7 and 10.5 million barrels/day. Canada’s in 4th (6.0), followed by China (5.3), Iran (4.7), Iraq (4.5), and Brazil (4.3). Total world production? 102.8 million barrels a day. Which means the U.S. alone is doing over a fifth of the heavy lifting. Source: Statista thru Evan on X
President Trump says interest rates should be as low as 1% and we have a "stupid person" at the Fed.
Source: Stocktwits
The GOATs of investing
Annual outperformance vs. sp500 / number of years (track record)
The world's biggest exporters of goods.
Source: Civixplorer @Civixplorer
On June 29th 2010: Tesla went public.
$4,000 invested in the IPO would be worth more than $1 million today. Source: Jon Erlichman @JonErlichman
