US vs. Europe in one chart
Source: Michel A.Arouet
Demographics of two Asian heavyweights. Which country would you like to invest?
Source: Michel A.Arouet
JPMorgan Unveils IndexGPT in Next Wall Street Bid to Tap AI Boom.
The bank is creating thematic investment baskets using GPT-4 model. Trademark for name was filed last year, stirring speculation A year after a wave of speculation broke out over its application to trademark the word “IndexGPT” in connection to an unspecified artificial intelligence-powered tool, JPMorgan Chase & Co. is finally unveiling the product that will bear the name. IndexGPT is a new range of thematic investment baskets created with the help of OpenAI’s GPT-4 model. The tool generates a list of keywords associated with a theme, which are then fed into a separate natural language processing model that scans news articles to identify companies involved in the space. In essence, it’s a largely automated way to create so-called thematic indexes, which identify investments based on emerging trends — think cloud computing, e-sports or cybersecurity — rather than on traditional industry sectors or company fundamentals. Source: Yahoo Finance, Bloomberg
US Households have now run out of excess savings.
Current levels are worse than even 2019. The hard part is that this is happening just as the labor market has started to weaken. Source: Game of Trades
“I don’t mind at all under current conditions building the cash position."
"When I look at what’s available in equity markets and the composition of what’s going on in the world, we find it quite attractive." - Warren Buffett
Apple has bought back $625 billion in stock over the past 10 years, which is greater than the market cap of 492 companies in the S&P 500.
$AAPL Source: Charlie Bilello
JUST IN: Bitcoin has officially processed over 1 billion transactions.
In a fully decentralized way and without a single glitch... Source: Bitcoin Magazine
Electric vehicles companies are cash-rich...
Here’s a look at the cash vs. long-term debt for EV companies: $TSLA $RIVN $NIO $XPEV $LI Source: YCharts, Beth Kindig
