Four rate cuts are now priced in for 2024 (red), the LEAST number of cuts YTD.
This is down from seven rate hikes on January 12 (green), the MOST number of cuts (YTD). Source: Bianco Research
The SP500 is already up 5.4% on the year, well above the 1.9% average gain Wall Street strategists were predicting for all of 2024. $SPX
Source: Charlie Bilello
Deutsche Bank AG's provisions for losses in US Commercial Real Estate were more than four times bigger in the last quarter
Source: Laurentiu B., Bloomberg
The ongoing net inflows into bitcoin spot ETFs are now above $2.1BN...
BlackRock & Fidelity now hold 151,950 BTC worth +$7.16 billion for their spot Bitcoin ETF Source: Bloomberg
SuperBowl tickets have never been more expensive.
Source: Ryan Detrick, Bloomberg
Dr Michael Burry investment strategy
Source: Quartr
GPUs are harder to get than drugs...
Companies are desperate for GPUs (A graphics processing unit (GPU) is a specialized electronic circuit initially designed to accelerate computer graphics and image processing). Source: TME, CB Insights
Lots of talk about a bubble in AI/Mag 7...
At this point, valuations at the top are no where near as frothy as they were at the height of the Dot Com Bubble. The 5 largest stocks traded at 43x Fwd PE in March ‘00, a 59% premium to the Mag 7’s current multiple of 27x. Source: David Marlin, Goldman Sachs
