European stocks are hitting all-time highs, following Japan!
source : bloomberg
Germany’s manufacturing downturn unexpectedly deepens amid falling demand at home and abroad.
S&P Global’s PMI for the country’s industrial sector dropped to 42.3 from 45.5 the previous month – well below any economist estimate in a Bloomberg survey. The picture was brighter in France, where the contraction eased much more than analysts had predicted. Companies reported improving demand while expanding their workforce. Source: Bloomberg, HolgerZ
In less than a decade, Uber and Lyft destroyed NYC Taxis
Source: Markets & Mayhem
10 things learned from principles by raydalio
Source: Compounding Quality
To put things into perspective. As Nvidia's profits have risen faster than its share price in recent years, share is trading at a P/E ratio of ~30.
But of course, this is also due to the high margins. If they were to be disrupted at some point due to increasing competition, the low valuations would be over. Source: Bloomberg, HolgerZ
In case you missed it. Chinese stocks have now fully recovered from all year-to-date losses and are now green on the year.
Source: Barchart
Nikkei Parties Like It's 1989
A lot of attention has been focused on the Nikkei 225 index, which topped its all-time high, surpassing 39,000 and breaking the previous record of 38,957 set on the final trading day of 1989. The 34 years it has taken to regain its footing is also a record for a major market, and it's a decade longer than Wall Street took to recoup its losses from the 1929 crash and the Great Depression. source : bloomberg, reuters
Nvidia Had Only Seen a Downside Surprise in Earnings vs. Expectations Three Times in the Last Ten Years
NVDA, Earnings Call : Nvidia says demand still far exceeds supply for its products. Conditions are "excellent" for continued growth into 2025. Nvidia spent $9.2 billion in cash on share buybacks. Data Center revenue of $18.4 billion is a new record and above expectations. Nvidia has not received licenses to ship restricted chips to China. -) Nvidia stock surged 8% in after-hours trading source : koyfin
