Technological Disruption
Source: BofA
Robinhood launches layer-2 blockchain for stock trading in Europe
Robinhood is offering tokenized US stocks and ETFs on the Arbitrum blockchain to users in Europe. Robinhood’s push into real-world assets (RWAs) is gaining momentum, with the digital brokerage launching a tokenization-focused layer-2 blockchain and introducing stock token trading for users in the European Union. Built on Arbitrum, the new layer-2 network will enable the issuance of over 200 US stock and exchange-traded fund (ETF) tokens, giving European investors access to US assets, Robinhood announced on Monday. Robinhood’s stock tokens will have zero commissions and be available for trading 24 hours a day, five days a week.
Party like it's 2021?
Goldman Non-Profitable hashtag#Tech Index has gained 50% since the April low. Source: Bloomberg, Goldman Sachs
Remember IBM?
Over the past 5 years, it has outperformed: • Microsoft • Apple • Google Source: Brew markets
Tech Stocks relative to M2 Money Supply Dot Com Bubble vs. Now
source : barchart
From checkout lanes to blockchain?
Walmart, Amazon, and Expedia exploring stablecoins? Major retailers are looking into issuing or using stablecoins to streamline payments, cut fees, and accelerate settlement—especially across borders according to the WSJ. Their next move may hinge on the Genius Act, a bill aiming to create a clear U.S. regulatory framework for stablecoins. Source : wsj
Amazon will be the first company ever to spend more than $100 billion on capital expenditures in a single year.
More than 50% of that CapEx will be spent on tech infrastructure. How much more runway does AWS have to grow? $AMZN Source: finchat
Goldman: Hedge funds net bought US Info Tech stocks for a 3rd straight week and every day this week, driven by risk-on flows with long buys outpacing short sales (1.6 to 1)
It’s worth nothing that (1) the recent streak of buying in US Info Tech came after the sector was net sold in 10 of the previous 12 weeks, and (2) this week’s notional long buying in the sector was the largest in more than 10 years (+1.6 z score), pointing to a positive turn in sentiment. Source: Goldman, Neil Sethi @neilksethi
