Tech has fully decoupled from yields.
Nasdaq has been unphased in front of higher rates (see chart) Source: TME
Nvidia $NVDA hit a $2 Trillion Market Cap faster than any stock in history, including Apple $AAPL and Microsoft $MSFT
Source: barchart, factset
"So what's it been like trading in 2024 so far?" 🙃
Source: Trend Spider
Mag 7 profit growth is 50% NVDA!
Source: Bloomberg
ChatGPT’s monthly visits dipped nearly 8% MoM in December to just over 1.5 billion visits worldwide, while visits to Google’s Bard continue to increase.
Source: Beth Kinding
$BRK Berkshire Hathaway FY23 by App Economy Insight
• Net profit $97B. • Stock repurchase $9B. • Segment margin 12% (+0.5pp Y/Y). • Investment gains (unrealized) of $75B. • Cash and short-term securities $168B.
All-time highs are not the finish line.
The stock market surged to a record high last week, having eclipsed the previous high in January 2022 on the back of a new bull market that has delivered a 45% return since October 2022.1 The upshot is that bull markets do not tend to reach exhaustion upon hitting new highs. In fact, history shows that the initial breach of an all-time high tends to be more of a mile marker on the way to further gains Source: Edward Jones
The bitcoin supply squeeze explained in a few sentences and one chart
272,000 Bitcoin bought in the last 28 days by ETFs. Meanwhile only 25,200 $BTC were mined! Yes, GBTC outflows are still a concern, but at some point that will have to end. Assuming this number stays consistent (or possibly even increases) with roughly ~2 million BTC on exchanges (based on today's liquidity), that would mean that in about 8 months time there would literally be ZERO BTC available for sale!!! And not mention the halving in 3 months will cut this amount to just 12,600 BTC mined in the same amount of time. (Source: CryptoZombie)
