DB's chart of the day tracks 23 AI-related stocks, comparing year-to-date performance up to 29 October with returns over the roughly six weeks since.
Before 29 October, just one stock was down on the year and the group had posted an average unweighted gain of +70%; since then, the picture has shifted sharply, with 20 of the 23 now trading lower. Source: DB, The Market Ear
Everyone is talking about Oracle CDS, but Coreweave $CRWC CDS is the real gem...
Source: RBC, Bloomberg
2026 is expected to be the year of BIG IPOs.
See below a nice chart from @YahooFinance on some huge IPOs expected next year. Source: Ryan Detrick
Although the Swiss Franc has been the strongest currency in the world, the purchasing power degradation in ‘real’/’hard’/gold terms over the last 20 years has been massive
Chart below shows Gold price in Swiss Francs – the “hardest” fiat currency in the world has lost 80%+ of its purchasing power !) Source: Goldman Sachs, zerohedge
Oracle and its peers... earnings versus debt
(based on last available financial quarter) Source: Bloomberg
OpenAI will spend $6 billion on stock-based compensation this year, half of its revenue
Source: Conor Sen
Is copper the new gold?
Source: J-C Parets
📢 China's Economic Slowdown Deepens in November 📉
China's economic performance in November fell short of expectations across key metrics, signaling a deepening slowdown as authorities grapple with weak demand, property sector decline, and supply-side constraints. Key data points: 🔴 Retail Sales: Rose 1.3% year-on-year (YoY), sharply missing the 2.8% forecast and slowing significantly from 2.9% in October. 🔴 Industrial Production: Climbed 4.8% YoY, missing the 5.0% forecast and marking its weakest growth since August 2024. 🔴 Fixed-Asset Investment (YTD): Contracted 2.6% over the January-November period (worse than the 2.3% forecast). This contraction deepened from the prior period (1.7% drop) and represents the sharpest slump since the 2020 pandemic outbreak. Source: CNBC
