itis ocean

[The Rundown AI @TheRundownAI]

Top stories in AI today:

- Poetiq tops ARC-AGI-2 with Gemini variant
- The Rundown Roundtable: Our AI use cases
- Reverse engineer ads in minutes
- Poetry prompts can bypass AI guardrails
- 4 new AI tools, community workflows, and more

Read more: https://t.co/TpdjhkTQdp

[The Rundown AI @TheRundownAI]

Top stories in tech today:

- Scientists decode brain-gut connection
- Apple’s sales team hit by rare layoffs
- McKinsey: This is how AI is changing work
- Tesla says its next AI chip is almost ready
- Quick hits on other tech news

Read more: https://t.co/oRXl3zYpGD

[Jurrien Timmer @TimmerFidelity]

The air has suddenly been taken out of the speculative highfliers, such as the meme stocks, bitcoin sensitive stocks, SPACS, recent IPO’s, non-profitable tech, etc.  I would argue this is probably a good thing.

[Jurrien Timmer @TimmerFidelity]

Using Bloomberg EPS estimates, we can see that many of the extreme valuation readings from weeks ago have come in a bit better now (although still high). For instance, meme stocks have lost some 60 P/E points, while the big players (Mag 7) trade at 32.6x and the S&P 493 at 20.7x. For the large caps these are not bubble valuations.

In fact, NVDA as the poster child of the AI boom now sports a forward P/E of only 26x, which is very far from where CSCO traded in 1999 or 2000.

[Mark Minervini @markminervini]

It is unlikely that the market has established a low or carved out an effective bottom. We are not out of the woods. I have not covered my $SPY short.

[St. Louis Fed @stlouisfed]

Stock price volatility rises during times of financial crisis, such as the 2008 financial crisis and the COVID-19-pandemic shutdown in March 2020. Check the FRED Blog for a lesson in measuring and tracking stock price volatility https://t.co/xJu3zDyltw

[Dan Zanger @DanZanger]

Cash is still king!

[Alvin Foo @alvinfoo]

A father told his daughter, "Congrats on your graduation. I bought you a car a while back. I want you to have it now."

Before I give it to you, take it to a car dealer in the city and sell it. See how much they offer.”

The girl came back to her father & said: "They offered me $10,000 dollars because it looks very old"

Father said: "Ok, now take it to the pawn shop".

The girl returns to her father & said: "The pawn shop offered $1,000 dollars because it's a very old car & a lot of work done".

The father told her to join a passionate car club with experts & show them the car.

The girl drove to the passionate car club.

She returned to her father after a few hours & told him, “Some people in the club offered me $100k because its a rare car that's in good condition.”

Then the father said, "I wanted to let you know that you are not worth anything if you are not in the right place. If you are not appreciated, do not be angry, that means you are in the wrong place. Don't stay in a place where no one sees your value ."

The moral of the story : Know your worth and know where you are valued. A diamond doesn't shine on the bottom of a cave.

[Jurrien Timmer @TimmerFidelity]

Let’s look at a few notable bear markets and see how they compare to today's market. First up, the Great Recession (2007-09): 🧵

[Ellie Wong @elliewong1]

@TimmerFidelity @saxena_puru The average lead time is around 11 months, so if earnings bottom ~Sep 2023 then it would on average;

[Jurrien Timmer @TimmerFidelity]

The earnings outlook is not gangbusters: The percentage of companies seeing earnings downgrades keeps rising. Given how inverted the yield curve is, this could well continue.

[Puru Saxena @saxena_puru]

- A thread 🧵 -

$SPX bottoms during recessionary bear-markets -

Over past 50+ years, a recessionary bear market in $SPX has NEVER bottomed before initial rate cut by the Fed...In all instances (except '80), $SPX kept declining even after the initial rate cut!

Keep reading...

[Whisskier @whisskier]

@zerohedge Breaking News from Canada https://t.co/2nGSQkGBBF

[Snowflake @Snowflake]

In this webinar on January 21, @Cisco will walk you through its migration, which moved 300+ applications and resulted in a 10x performance improvement on transformation jobs, 4x faster reporting, and a 4x improvement in concurrency: https://t.co/Xf5owZ4dPT

[Eric Feigl-Ding @DrEricDing]

BREAKING: Pfizer says COVID-19 vaccine appears to work against certain key mutation in variants first found in the UK and South Africa—the 501 mutation.

However, another key trouble mutation in South Africa 🇿🇦 variant has not been tested yet. 🧵 #COVID19 https://t.co/wUefVwDYF0

[Eric Feigl-Ding @DrEricDing]

JUST IN—we can expect 405,000–438,000 total #COVID19 deaths in the United States **by January 30 alone** if current models hold. They don’t fully account for the more contagious B117 variant though, with 40-80% greater transmissibility.

➡️I think 500,000 by end of Feb possible.

[Eric Feigl-Ding @DrEricDing]

📺 FINAL TV AD:

We were warned about the risk of #COVID19 becoming a pandemic in January. Scientists knew and many sounded the alarm.

And @realDonaldTrump knew, but he decided to “play it down”. So many have died needlessly.

#Vote because our lives depend on it.

[Rep. Diana DeGette @RepDianaDeGette]

BREAKING: We are moving forward with introducing Articles of Impeachment against President Donald J. Trump.

He is a real danger to our country.

He must be removed from office immediately and barred from ever holding an elected office again.