Hedge funds' top picks for Q4 2023 are in!
Key investment themes: ☁️ Hyperscalers: $AMZN, $GOOG, $MSFT. ⚙️ Semiconductors: $AMD, $ASML, $TSM. 🌏 Global commerce: $MELI, $PDD, $SQ. ☁️ Software: $CRM, $OKTA, $PCOR. 🩸 Medical devices: $DXCM. Source: App Economy Insights
Earnings results by Nvidia $nvda next week could be a (short-term) turning point for the market
Source: barchart
Inflows to Tech on course for ~85bn in 2024....
Source: TME, BofA
Traders no long expect Fed to cut rates in May and switched to June.
*Approximately 90 bps of cuts are now priced in for the full year, down from 137 bps expected before the Jan. 30-31 FOMC meeting. Source: Bloomberg
🎢 The Emotional Ups and Downs of Learning: How to Thrive in the Face of Challenge
Source: Anthony Cheung
$2.4 Trillion In Options Expire Today
There is over $2.4 trillion of notional in options exposure that will expire on Friday, including $510 billion notional of single stock options. Index options volumes continue to grow, driven by 0DTE/short-dated options. Meanwhile, single stock options volumes have rebounded to an 18-month-high fueled by significant growth in call options volumes. Google searches for "call options" just hit a 2 year high. source : gs, zerohedge
In just 5 years, the us dollar has plummeted by a staggering 92% when measured against Bitcoin...
Source: Loïc Staub
The geographical spread of valuations across regions remains significant.
12m forward P/E multiple. MSCI Regions. Data for the last 20 years. Source: TME, Factset
