The 'AI Revolution' is still only 2 1/2 years old (if you date it to the release of ChatGTP)
We have experienced swings on which models are gaining the most attention as Goldman's Jim Schneider illustrates the chart below... Source: zerohedge
Federal Reserve just pumped $5.2 Billion into the U.S. Banking System through overnight repos
This is the 6th largest liquidity injection since Covid and surpasses even the peak of the Dot Com Bubble 👀 Source: Barchart @Barchart
Same same? Are we just seeing "psychology on steroids" being washed out?
All these ex hot assets have moved in close tandem for a long time. Chart below shows Bitcoin $BTC, Nvidia $NVDA and Orcale $ORCL. Source: LSEG, The Market Ear
The BTC/Gold ratio back below 20x for the first time since Jan 2024...
Source: zerohedge
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
