THIS IS VERY FASCINATING:
BOEING AND AIRBUS EACH HAVE AROUND A 50% MARKET SHARE BUT BOEING PLANES HAVE ALMOST 4 TIMES MORE “INCIDENT’S” THAN AIRBUS PLANES Source: Gurgavin, Visual Capitalist
How are the 'Magnificent 7' Tech Stocks doing so far this year?
Nvidia Is Up +53.9% $NVDA Meta Is Up +35.9% $META Amazon Is Up +14.9% $AMZN Alphabet Is Up +10.5% $GOOGL Microsoft Is Up +6.1% $MSFT Apple Is Down -14.3% $AAPL Tesla Is Down -40.8% $TSLA $SPY Source: Bloomberg, Jesse Cohen
JUST IN: The New York Stock Exchange is considering a proposal for 24/7 trading, according to FT.
In other words, the stock market would never close much like crypto markets are now. Should 24/7 trading be approved? Source: FT, The Kobeissi Letter
🚨BREAKING: US senator Elizabeth Warren has proposed a 1% WEALTH TAX on Bitcoin holdings that exceed $500,000.
Source: Simply Bitcoin (as we can not find any link to this document on Mrs Warren website, there is still some likelihood that this is a fake - currently checking in)
Welcome to a new paradigm... Bitcoin Electrical Cost is now a whopping $77.4K.
This is the raw electricity cost to power the network, per Bitcoin mined. Bitcoin Miner Price hit $244K on Saturday! This is the block reward + fees per Bitcoin mined. It boomed as transaction fees hit $230+ (about 4X the prior ATH of $68 set in 2021). This means Bitcoin is trading at a DEEP DISCOUNT. Price under Electrical Cost typically lasts just a couple days every 4 years. This means 1 of 3 things happens now: 1) Price skyrockets 2) ~15% of miners shut down 3) Transaction fees remain a lot higher on average Source: Charles Edwards
This week is a big one for earnings with Microsoft, Alphabet and Meta all reporting their Q1 numbers.
Note that ex-Nvidia, profit growth for the Mag7 narrows in Q1 and is expected to shrink in 2024 Source: Bloomberg
What a difference five months makes for the Fed rate cut outlook. 😉
Source: Bloomberg Intelligence, Markets & Mayhem
Nvidia drawdown in perspective...there might be more to come...
Nvidia has declined 20% from its peak in March, the largest pullback in over a year. Market cap has moved down to $1.9 trillion from a high of $2.4 trillion. Still up 173% over the last year. $NVDA Source: Charlie Bilello
