Semiconductor stocks have reached their highest valuation compared to the S&P 500, exceeding the levels seen during the dot-com bubble peak.
source : bloomberg
Stock Bubble mentions in the media are at 2-year highs but still well short of the meme-stock mania period in early 2021
source : bloomberg, barchart
% Increase Over Last 10 years...
Nvidia stock price: +19,970% Nvidia net income: +5,860% Nvidia revenue: +1,320% $NVDA Source: Charlie Bilello
London’s Ultra-Rich Can Pay Rent Using Bitcoin Amid Bourgeoning Adoption Levels
According to a report by CityAM, affluent residents in the UK’s capital city are opting for digital currencies to pay landlords, and one real estate company describes the trend as “a step into the future.” Aware of the growing trend, real estate firm Knightsbridge Prime Property confirmed a partnership with virtual currency service provider Bitcashier to facilitate rent payments using the asset class. According to the report, other property firms in the region are shopping for similar deals with cryptocurrency firms to support the needs of their wealthy clientele. KPP confirmed that one ultra-wealthy client opted to settle the rent for a luxury apartment in Herbert Crescent using Bitcoin (BTC), paying 45,000 pounds per week using digital currency. source : zycryto
Major U.S. Banks, by Commercial Real Estate Exposure
This graphic shows the 20 largest U.S. banks by assets, and their exposure to commercial real estate as a percentage of total loans. source : visualcapitalist
Lowest Number of S&P 500 Companies Citing “ESG” on Earnings Calls Since Q2 2019
Through Document Search, FactSet searched for the term “ESG” in the conference call transcripts of all the S&P 500 companies that conducted earnings conference calls from December 15 through March 7. Of these companies, 29 cited the term “ESG” during their earnings calls for the fourth quarter. This number is below the 5-year average of 82 and below the 10-year average of 43. In fact, this is the lowest number of S&P 500 companies citing “ESG” on earnings calls going back to Q2 2019 (22). Since peaking at 155 in Q4 2021, the number of S&P 500 companies citing “ESG” on quarterly earnings calls has declined (quarter-over-quarter) in nine of the past ten quarters. At the sector level, the Financials (6), Utilities (5), and Health Care (4) sectors have the highest number of S&P 500 companies citing “ESG” on earnings calls for Q4. On the other hand, the Utilities (17%) and Energy (15%) sectors have the highest percentages of S&P 500 companies citing “ESG” on earnings calls for Q4. source : factset
The US is pumping more oil than any country in history
US crude production has surpassed every record in history for six years in a row, the US Energy Information Administration wrote on Monday. Its latest peak reached in 2023 is unlikely to be broken by any near-term competitor, it said.Including condensate, last year's US crude production averaged 12.9 million barrels per day, eclipsing the 2019 global record of 12.3 million barrels per day.A monthly record also occurred in December, at over 13.3 million b/d. Source: business insider
Wall Street in Control?
The New 9 have successfully overtaken the position previously held by GBTC, indicating a significant shift in market dynamics. Similarly, IBIT has surpassed MSTR, further emphasizing the evolving landscap... in 8 weeks' time. source : fred krueger
