US Demographics
.
A new study by the University of Arkansas pitted 151 humans against ChatGPT-4 in three tests designed to measure divergent thinking, which is considered to be an indicator of creative thought
Not a single human won. Source: Jeremiah Owyang
Do you remember March 2000 ???
.
The issue with europe:
1) Over-regulation; 2) Too much bureaucracy: 3) Lack of hashtag#innovation. As shown below, Tech champions are lacking. Source: Bloomberg
Siemens looking for support after earnings
Siemens (SIE GY) under a lot of pressure after earnings report. Trend remains bullish. For the moment consolidating after recent new all time high. Support zones to look at are 173,52-175.64 and major 169,70-171,95. Source : Bloomberg
Bitcoin showing strenght but entering resistance zone
Bitcoin (XBTUSD) is approaching resistance zone 66'500-67'300. If it can close above that level, this could be the end of March consolidation. Keep an eye at this key level. Source : Bloomberg
New York City now has 349,500 millionaires, more than any city in the world
Over the last decade, the number of millionaires in NYC has risen by a massive 48%. At the same time, in The Bay Area, the number of people with a seven-figure net worth has risen 82% to 305,700, the second-highest worldwide. This surge has been driven by a massive rally in financial markets and real estate prices. Meanwhile, 78% of Americans live paycheck to paycheck, according to the latest Payroll-org survey. The rich are getting richer at the fastest pace ever. Source: The Kobeissi Letter, Bloomberg
Are investors too complacent?
May Fund Manager Survey (FMS) sentiment is at the most bullish level since Nov’21, BofA says. The average cash level of FMS investors fell to 4.0% of AUM from 4.2%, the lowest level since Jun’21. Source: BofA, HolgerZ
