Banks and insurers might be longs as structural beneficiaries in the AI era.
Back office tasks get automated and margins improve. Software has a large opportunity to improve efficiency as well. Source: Greg @GS_CapSF
AI disrupting toilets next
Source: Bloomberg
THE WORLD RUNS THROUGH 8 STRAITS
Here are the key chokepoints: • Malacca ~25% of global traded goods • Hormuz ~25% of global oil, ~⅓ of LNG • Singapore ~50% of global seaborne trade • Gibraltar Atlantic ↔ Mediterranean • Bosphorus Black Sea outlet • Magellan Atlantic ↔ Pacific backup • Bering Arctic gateway • Bass Australian passage These are pressure points. Close Hormuz... Oil spikes. Disrupt Malacca... Asia freezes. Block Bosphorus... Black Sea trade halts. Geopolitics isn’t abstract. It’s maritime geometry. Source: Jack Prandelli @jackprandelli on X
The "Feel good story of the day".
If you invested $10,000 in Beyond Meat in 2021, today you would have $41. The stock was as fake as the meat. Source: Brew Markets @brewmarkets Wall Street Mav
Three silent killers of bull markets.
"The investor's chief problem - and even his worst enemy - is likely to be HIMSELF" - Ben Graham Nice visual by @safalniveshak
Fear has returned to the Stock Market
Source: Barchart
Anthropic has raised $30bn from investors including GIC, Coatue, Founders Fund and Nvidia
reaching a $350bn pre-money valuation ahead of a potential IPO. Founded in 2021 by former OpenAI researchers, the company focuses on enterprise AI tools. About 80% of its $14bn revenue run rate comes from business clients. Its Claude Code product has gained strong adoption, with over 500 customers spending more than $1mn annually. Source: Financial Times
J.P. Morgan in 1912: "Gold is money. Everything else is credit."
Source: Barchart
