Reminiscence of 1987 crash?
Carl Quintanilla posted: “When I started in the business in 1987,” reminisces Steve Sosnick of Interactive Brokers, “bonds were mired in a bear market for most of the year while stocks rallied sharply. Until, of course, that reversed ..” John Authers Comparison for bond yields bear a scarily unwelcome resemblance to 36 years ago -> Source chart: Bloomberg
New home buyers in the US
Source: Michel A. Gayed
Bloomberg on the status of US "excess pandemic savings."
Source: Bloomberg
Tesla dominance in the US electric vehicle market
Source: Vital Knowledge Media
The longest time period chart on US interest rates you will ever find...
Source: BofA
Wealth by wealth category, average wealth per US household, in Q2, 2023 (wealth = assets minus debts)
The top 50% (= 65 million households) are between fairly well off to immensely rich. Source: www.wolfstreet.com
$AMZN Amazon to invest up to $4B in AI startup Anthropic
💰 Largest investment ever for AWS. 🔎 Google previously invested $300M. 🤖 Anthropic's Claude LLM-based chatbots rivals OpenAI's ChatGPT. The generativeAI battle is heating up. Source: App Economy Insights
💰According to Forbes, 70% of today’s billionaires are self-made
🤑The best examples are founders of companies that we all use today - Mark Zuckerberg (Facebook), Brin and Page(Google), Jeff Bezos (Amazon). Source: Genuine Impact
