US vs. Europe: equity returns were very much similar before 2009...
Source: FT
7 best productivity techniques shared by famous people
Victoria Repa thru @investment books (Dhaval)
The five $1+ trillion market cap companies that have reported Q1 earnings so far posted sales of more than $412 billion combined during the quarter.
All five beat both EPS and sales estimates. $AAPL $AMZN $GOOGL $META $MSFT Source: Bespoke
US vs. Europe in one chart
Source: Michel A.Arouet
Demographics of two Asian heavyweights. Which country would you like to invest?
Source: Michel A.Arouet
JPMorgan Unveils IndexGPT in Next Wall Street Bid to Tap AI Boom.
The bank is creating thematic investment baskets using GPT-4 model. Trademark for name was filed last year, stirring speculation A year after a wave of speculation broke out over its application to trademark the word “IndexGPT” in connection to an unspecified artificial intelligence-powered tool, JPMorgan Chase & Co. is finally unveiling the product that will bear the name. IndexGPT is a new range of thematic investment baskets created with the help of OpenAI’s GPT-4 model. The tool generates a list of keywords associated with a theme, which are then fed into a separate natural language processing model that scans news articles to identify companies involved in the space. In essence, it’s a largely automated way to create so-called thematic indexes, which identify investments based on emerging trends — think cloud computing, e-sports or cybersecurity — rather than on traditional industry sectors or company fundamentals. Source: Yahoo Finance, Bloomberg
US Households have now run out of excess savings.
Current levels are worse than even 2019. The hard part is that this is happening just as the labor market has started to weaken. Source: Game of Trades
“I don’t mind at all under current conditions building the cash position."
"When I look at what’s available in equity markets and the composition of what’s going on in the world, we find it quite attractive." - Warren Buffett
