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22 Jul 2024

Uber long road to profitability...

In 2019, The Economist wondered aloud whether Uber would ever be profitable. The classic refrain from the company and its investors was that at a certain scale, it would be. It first had to get big enough and outlast enough of its competition. As it turns out, they were pretty much right. Last year, Uber had its first annual profit, and recent quarters have also been solidly in the black, with investors expecting another profitable quarter to be announced on August 6th. The company’s main rival still hasn't quite reached that scale. Lyft has narrowed its losses significantly, but is still in the red. Source; Chartr

22 Jul 2024

The semi-conductor foundry landscape

Source: Statista

22 Jul 2024

That was the highest weekly close in over 30 months for both Small-cap Growth and Small-cap Value

Source: J-C Parets

22 Jul 2024

US small cap funds see 2nd largest weekly inflow ever

Source: EPFR, BofA, Mike Z.

19 Jul 2024

BREAKING 🚨: Hedge Funds

Long/Short Hedge Funds suffered their worst day yesterday since the 4th quarter of 2022. Source: Barchart

19 Jul 2024

We just saw the largest selloff in the semi-conductors SOX index since the pandemic crash

It is taking place at the time valuations are at record high (see below price-to-sales in the chart underneath) Source: Bloomberg, Tavi Costa

17 Jul 2024

Russell 2000 $IWM is catching up with S&P500...

Russell 2000 is now up +11.3% YTD (with 10.3ppt has come in the last 5 sessions...) versus + for S£P 500 +19.35% YTD Source: Mike Zaccardi

17 Jul 2024

History was made yesterday! The Russell 2000 closed 4.4 standard deviations above its 50-day moving average.

No other major US index (Dow since 1900, S&P 500 since 1928, and Nasdaq since 1971) has ever closed at that much of an extreme. Source: Bespoke

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