@matthewstoller Roughly 40% of the oil that passes through the Strait of Hormuz goes to China. Virtually none of it goes to the U.S.
How exactly are the capitalists destroying themselves?
@0xDigitalOil@lofiQtip Who will have governance over the black check in the contract then? And if it's locked in there with fragmented ownership, does this mean that it will never be sold as a whole to a collector?
@leevalueroach $MKTW has a forward P/E of 2.5 as of today’s close with conservative est. and the catalyst to re-rate just dropped a few hours ago… company announced Q4 inflection in its business and a $50mm buyback (but float is only $24mm with dual-class structure) 🚀
For companies beating EPS estimates, they are not being rewarded by the market ... average performance relative to the S&P 500 the day of the beat is -0.07% per Bloomberg Intelligence data
@ecommerceshares Why should a Large Language Model be great at math? They’re good at… language.
AI agents, not LLMs, will eventually replace junior analysts. The AI agent will have access to an LLM to speak to you, but also Excel and a web browser.
@CCM_Brett $VT Vanguard Total World Stock ETF is very close to a passive equity allocation. You own virtually all the stocks in the world in proportion to their market values. $SPY isn’t close to passive, if that’s all you own.
B of A’s Hartnett, one year ago: (9/29/23)
Central banks “likely ain’t finished breaking stuff. .. stay bearish/defensive & sell the last hike.”
[S&P 500 up 33.1% since.] 🇺🇸