Nasdaq has announced a "special rebalance" for the Nasdaq 100
Nasdaq has announced a "special rebalance" for the Nasdaq 100 to address the overconcentration and weight that the biggest tech companies have on the index. This is the first ever "special rebalance" carried out by the overseer of the index. Source: Bloomberg
Instagram’s "Threads" surpasses 100 million users
Instagram’s "Threads" surpasses 100 million users. It just became the fastest company to attract 1 million users of any company EVER (including #ChatGPT). Source: Statista
With fiat currency, it is as simple as this...
With fiat currency, it is as simple as this... Source: Wall Street Silver
10 investing thumb rules
Source: Brian Feroldi
S&P earnings growth is expected to trough in 2Q at -9%
As we enter the us 2Q earnings season, the least we can say is that the bar is low (in terms of expectations) which means that we could see beats on an aggregate level. Goldman Sachs: " Consensus estimates for 2Q growth since the beginning of April have been cut from -6% to -9%." Source: GS, TME
Global Distribution of Wealth
The United States is the country with the most of wealth in the world. In fact, seven countries account for 69% of the world's wealth. These seven countries are the United States, China, Japan, Germany, the United Kingdom, France, and India. Source: Genuine Impact
New cobalt, copper, lithium and nickel mines needed
Per a McKinsey report, the current 500 cobalt, copper, lithium and nickel mines operating today will need to almost double to 900 in order to meet battery demand. Almost 80% increase in mines needed.
2Q US Earnings Season
S&P 500 earnings reporting by market cap. Two more weeks and then the boom... Source: MS, TM