NVIDIA is now bigger than the entire energy sector.
This makes sense because one is needed to get through everyday life. Source: Bloomberg
India is one of the few markets that is outperforming the US rather handily
Source: Bloomberg
When your business is built on scarcity and desirability, LESS IS MORE.
In 2023, Volvo Cars sold ~52 times as many cars as Ferrari, 709K vs. 13.7K units. Looking at revenue, Volvo Cars generated €35.3B, which is ~6x more than Ferrari's €6B. Interestingly enough, despite the company's scale, $VOLCAR "only" generated €1.8B in EBIT (5%), compared to $RACE's €1.6B (27%). Source: Quartr
Japan enters recession with Nikkei about to hit All Time High as the yen trades at 150
The Nikkei has more than doubled from the covid lows and is about to breach its all time bubble highs set in in the last days of 1989... and moments ago Japan entered a recession. In fact, From its generational low set a decade ago, the Nikkei has almost quadrupled even as Japan's economy has slumped into recession three times! Once the second largest economy in the world, Japan reported two consecutive quarters of contraction on Thursday — falling 0.4% on an annualized basis in the fourth quarter after a revised 3.3% contraction in the third quarter. Fourth quarter GDP sharply missed forecasts for a 1.4% growth in a Reuters poll of economists. Source: CNBC, www.zerohedge.com
Boomers are selling Gold ETFs, buying Bitcoin ETFs.
Source: Asher Hopp
This chart shows either total management failure or how dismal things are in Germany as a business location with high electricity prices.
Thyssenkrupp's stocks have fallen by 62% over the past 5 years, while the competition, particularly from the US, has made strong gains. Source: Bloomberg, HolgerZ
BREAKING: Bitcoin has officially crossed above $1 trillion in market cap for the first time since December 2021.
Since December 2022, Bitcoin has added ~$700 billion in market cap. For the first time since April 2022, the total market cap of crypto is above $2 trillion. Source: Kobeissi Letter, Barchart
In the latest BofA fund managers survey
when asked for the path of the US economy this year, 2/3 of investors say "soft landing," 1/5 say "no landing," 1/10 say "hard landing" (again, guaranteeing a "hard landing")... Source. BofA
