Emerson Electric CEO:
"AI data center racks consume significantly more power than traditional data centers with a search on ChatGPT consuming 6 to 10 times the power of a traditional search on Google" $EMR $GOOG $GOOGL $MSFT Source: The Transcript
Interesting article by Financial Times:
Three in four audit reports failed to warn that companies risked going bankrupt in the year before their collapse. Here's how each of the Big Four performed: https://on.ft.com/3UFVHLG
Rumors about Ethereum Spot ETF being approved some time this week and traders have aggressively open long positions in futures markets.
ETH price is up 11% today while open interest increases by almost $1B in an hour.
Bears are capitulating...
Mike Wilson chief equity strategist of Morgan Stanley has revised his price target of the S&P 500 from 4,500 to 5,400 Notoriously a market bear, he had previously predicted a 15% drop by December for the index. Source: Radar, The Macro Guy, Bloomberg
Want to buy a home?
1980: save for a couple years 2024: forget about it Source: Michael Burry Stock Tracker
Here's a list of all entrants in the spot Ethereum ETF race.
The 'ETHness Stakes' Source: Bloomberg, James Seyffart
Multiple times in history, the precious metals industry was considered the largest market among global assets.
Today, however, it has shrunk so much that it's almost a rounding error. Will capital start to flow back into this industry? If yes, the impact on prices could be substantial... Source: Crescat Capital, Bloomberg
🚨 A MASSIVE $1,250 spread between Coinbase and Binance for Bitcoin! 😳
Watch out below the BTC prices differential between the 2 exchanges a few hours ago!!! Coinbase is the most expensive place to buy BTC right now 💰 As supply dwindles, we're likely to see CRAZY spreads emerge! Great time for arbitrage and for hedgefunds !!! Source: InvestAnswers
