Madelyn Loupos

[Brew Markets @brewmarkets]

What a chart.

[The Kobeissi Letter @KobeissiLetter]

The US-China AI race is on:

Google has filed ~560 patent applications related to generative AI, the most among US and Chinese companies.

Zhejiang University follows, with ~480 filings, while Microsoft has applied for ~310 patents.

The University of Electronic Science and Technology of China ranks next with ~295 patents.

Similarly, Beijing Baidu Netcom Science & Technology, Nvidia, and IBM have each filed ~280 patents.

The AI race between the US and China is intensifying.

[Daily Chartbook @dailychartbook]

$NVDA "now has the biggest weight in the S&P 500 of any individual stock since the data began in 1981."

- Apollo Sløk

[Holger Zschaepitz @Schuldensuehner]

My favorite chart on Sunday: The Goldman Sachs AI Leaders Basket, consisting of the 9 leading AI stocks (semiconductors: Nvidia, TSMC), software/data center (Palantir, Oracle, Microsoft, Vertiv), and power/infrastructure (GE Vernova, Constellation, Vistra) has made 756% since ChatGPT launch in 2022, an avg of 122% per year!

[The Kobeissi Letter @KobeissiLetter]

The difference between the number of US home sellers and buyers is widening:

The number of home sellers has now reached 1,922,046, near the highest since March 2020.

At the same time, the number of homebuyers fell to 1,413,331, the lowest since April 2020.

As a result, the difference between US home sellers and buyers rose to a record 508,715.

In other words, there are now 36% more sellers than buyers in the US.

By comparison, this gap was just ~7% a year ago.

Home price cuts are likely coming next.

[Holger Zschaepitz @Schuldensuehner]

Speculation is surging on Wall St, Goldman Sachs warns. The firm sees strong parallels to the dotcom boom (1999–2000) and the meme stock frenzy (2020–2021). Goldman’s own Speculative Trading Indicator has hit its highest level in over a decade.
Key signs of the current frenzy:
Penny stocks, loss-making companies, and high-multiple stocks (EV/sales > 10x) are trading at unusually high volumes.
Call options now make up 61% of options activity – the highest share since 2021.
Popular retail favorites like meme and AI stocks are up 51% since April, far outpacing the S&P 500.
Short squeeze alert: Stocks heavily shorted by investors have surged more than 60%, marking the third-largest jump in 30 years.

[Derek Thompson @DKThomp]

Yes.

Writing is not a second thing that happens after thinking. The act of writing is an act of thinking. Writing *is* thinking.

Students, academics, and anyone else who outsources their writing to LLMs will find their screens full of words and their minds emptied of thought.

[Ray Dalio @RayDalio]

When great powers rise throughout history, they generally do so for the same reasons. These successful new orders are typically started by powerful revolutionary leaders doing four things:

1) Winning power by gaining more support than their opposition
2) Consolidating power by converting, weakening, or eliminating that opposition
3) Establishing systems and institutions that make the country work well
4) Creating systems that pick successors well over several generations

[Fascinating @fasc1nate]

In 1975, Jonathan Wener launched his real estate company, Canderel, with a $10,000 loan (around $56,000 in today’s dollars). Over the years, he turned that initial investment into a multi-billion-dollar enterprise.

One of his most memorable deals was buying the Royal Trust Building in Montreal for $65 million — on a Royal Trust gold credit card. This let him snag a two-percent discount:

1.) One-percent “float” discount: By charging the purchase, he effectively had 30 days before the next bill was due, which he values at around one percent.

2.) One-percent cashback: The gold card offered a one-percent refund on purchases.

Altogether, Wener saved about $1.3 million simply by using his credit card for one massive transaction.

[Liz Ann Sonders @LizAnnSonders]

Performance: sectors/indexes yesterday and YTD

[zerohedge @zerohedge]

How do you know when China opens for trading? Simple: just watch the daily spike in gold

[Charlie Bilello @charliebilello]

How to Invest During a Bear Market...

New Signal or Noise Ep w/ @PeterMallouk

Video: https://t.co/Of2akxRVkB

[The Kobeissi Letter @KobeissiLetter]

US consumers are exhausted:

Real income growth expectations of US consumers over the next 5 years are at record lows.

Americans in the bottom-third income group now see record low ~18% chance of higher inflation-adjusted incomes in 5 years,

By comparison, 5 years ago this percentage was twice as large.

Middle-third income consumers' probability of higher incomes is also at a record low of ~25%, falling from ~45% in 2020.

In other words, consumers see inflation outpacing wage growth for the foreseeable future.

Consumers are sick of persistent inflation.

[Finance News @ftfinancenews]

Goldman Sachs’ equities traders post record quarter https://t.co/jNofFnFknJ

[Dubai Media Office @DXBMediaOffice]

The 21st edition of the International Property Show (IPS 2025) kicked off at the Dubai World Trade Centre. Running until April 16, the exhibition is hosting over 300 local and international exhibitors from 85 countries and is expected to welcome more than 25,000 visitors. This year’s edition reinforces Dubai’s growing prominence as a global hub for real estate investment, aligning with the emirate’s broader vision of innovation and sustainability.

[unusual_whales @unusual_whales]

🚨BREAKING🚨

I just released the full report on Congress trading in 2024.

Like every year since 2020, some US politicians beat the market.

From the start of 2024 to year end, many had unusual trades & huge portfolio gains.

Here are the top political traders of 2024.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The number of new single-family homes for sale has surged to 500,000 in February, the highest since November 2007.

The number of new homes on the market has more than TRIPLED over the last 13 years, from a low of 142,000.

Excluding the 2006 housing bubble this is, by far, the largest supply of new homes in history.

Meanwhile, new single-family homes for sale in the south fell 8,000 to 296,000, near an all-time high.

This is higher than the 291,000 seen in 2006, a year before the housing market crash began.

Are price cuts coming to the housing market?

[ArabianBusiness.com @ArabianBusiness]

Dubizzle Group has announced the acquisition of Property Monitor, a leading real-estate market intelligence platform in the UAE. Find out more: https://t.co/HmdSapZK3O

[Financial Times @FT]

Just in: BYD sold more than 1.76mn pure electric vehicles last year, narrowing the gap with Tesla in the race to be the world’s biggest-selling electric vehicles company in 2024 https://t.co/QF5ip4M3SN

[Jane Altoids @staticbluebat]

this is incredibly explicitly sacrilegious lol