6 Jun 2024
As economic data continues to underwhelm (ISM Manufacturing, JOLTs), the BBG US economic surprise index has plunged to its lowest level in 5 years.
Source: Bloomberg, HolgerZ
6 Jun 2024
NEW: Spot Bitcoin
ETFs bought 12,508 BTC yesterday, while miners only produced 450 BTC.
6 Jun 2024
NVIDIA $NVDA reaches a $3T valuation and overtakes Apple $AAPL as the 2nd largest company globally.
Source: App Economy Insights
6 Jun 2024
Nvidia $NVDA Free cash flow vs share price
Source: Koyfin
6 Jun 2024
Just 3 stocks - Microsoft $MSFT, Nvidia $NVDA, and Apple $AAPL - now account for 20% of the S&P 500
Source: Barchart
6 Jun 2024
Nvidia, $NVDA, was up another 6% yesterday (including after hours) moving to a record $1,237/share.
This puts the stock up 155% in 2024 ALONE, adding $1.83 TRILLION of market cap. To put this in perspective, Nvidia has now added as much market cap as the entire value of Amazon, $AMZN, in 6 months. 10 years ago Apple had a market cap 53x higher than hashtag#Nvidia. Today, Nvidia ended the day with a market cap of $3 trillion, surpassing Apple to become the 2nd largest company in the world. Note that Nvidia has also accounted for almost HALF of the S&P 500's YTD market cap gain... Source: Charlie Bilello. The Kobeissi Letter
6 Jun 2024
* Goldman Sees ‘Wall of Money’ Fueling Stock Market’s Summer Party
Source: Carl Quintanilla, Bloomberg
6 Jun 2024
Another NVDA chart
Source: zerohedge
