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20 Nov 2023

Copper hits widest contango in AT LEAST 29 years

Source: Barchart, Bloomberg

20 Nov 2023

Wine production reached 16.1 billion (bn) litres in the EU in 2022. Top producers:

1) Italy (5.0 bn litres) 2) Spain (5.0 bn litres) 3) France (3.4 bn litres) Source: EU Eurostat

20 Nov 2023

In the weeks leading up to his shocking ouster from OpenAI, Sam Altman was actively working to raise billions from some of the world’s largest investors for a new chip venture

(according to people familiar with the matter) Code-named Tigris, Sam planned to spin up an AI-focused chip company that could produce semiconductors that compete against those from $NVDA The goal is to provide lower-cost competition to market incumbent Nvidia and aid OpenAI by lowering the ongoing costs of running its own services like ChatGPT and Dall-E - Bloomberg Source: Cheddar Flow

20 Nov 2023

2024 outlook in one picture

Source: Hedgeye

20 Nov 2023

bitcoin returns since 2010

Source: Charlie Bilello

17 Nov 2023

Financial Sector breakout ?

Financial Sector (XLF US) showing signs of breakout ! On this weekly chart, trading above January 2022 downtrend. Keep an eye at the closing tonight. Source : Bloomberg

16 Nov 2023

US Continuing Jobless Claims Surges To 2 Year High

The number of Americans filing for jobless benefits for the first time last week jumped to 231k (from an upwardly revised 218k), up to its highest since August...Worse still, continuing claims keeps rising, to 1.864mm - the highest since November 2021... Source: Bloomberg, www.zerohedge.com

16 Nov 2023

Nvidia indicated that the latest round of China restrictions will not have a meaningful impact on its business

It’s possible that this is because China frontloaded its GPU orders earlier this year in anticipation of these restrictions. It’s also possible that any lost revenue from China will be made up for by tremendous revenue growth in developed markets. Guidance for the January quarter might be indicative here. Source: Morningstar

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