As highlighted by Tavi Costa ->
Despite the recent surge in copper prices, when adjusted for true inflation, the metal is trading at levels we saw in the early 1990s. Will copper prices adjusted for gold still be this low by the end of this decade if we proceed with one of the largest infrastructure developments we've seen in the last 100 years??? Source: Crescat Capital, Bloomberg
13F filings showing a number of the top HedgeFunds trading the US Bitcoin ETF’s
Source: River
The metal bull market is broadening as Gold, Silver, Nickel and Copper are all exploding higher.
What is the message from Mr Market here? Source: www.zerohedge.com, Bloomberg
Not all new highs are the same.
Awesome chart from @sonusvarghese thru Ryan Detrick here. End of March, SPX up 10.2% YTD. Only 3.1% from EPS growth and the rest (7.1%) was from multiple expansion. On 5/15, SPX up 11.1% YTD. Now 5.3% from EPS growth and 6.0% from multiple expansion.
The Global X Uranium ETF $URA is already up 13.5% in May.
It's on track for its highest monthly close since March 2014... after spending the past several months consolidating. Source: Justin Spittler
Could headline inflation start following the rebound in commodities prices?
Source: Tavi Costa, Bloomberg
Emerson Electric CEO:
"AI data center racks consume significantly more power than traditional data centers with a search on ChatGPT consuming 6 to 10 times the power of a traditional search on Google" $EMR $GOOG $GOOGL $MSFT Source: The Transcript
Interesting article by Financial Times:
Three in four audit reports failed to warn that companies risked going bankrupt in the year before their collapse. Here's how each of the Big Four performed: https://on.ft.com/3UFVHLG
