But although not every big winner will have "AI" in the name of the company, practically every company they see, both winners and losers, will have "AI" in their deck. Using it is an easy claim to make. Random consumers are using it.
Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!
My role will transition to being exec chair & CTO, overseeing product, software & sysops.
List of some growth stocks which are either consolidating above their 30wk ema in STAGE 1 base or have already transitioned to STAGE 2 -
$ADYEY $CFLT $FOUR $GLBE $MBLY $MELI $MNDY $NET $NU $ONON $SHOP $SOFI
*These aren't recommendations, do your own DD
1) This is nothing like 2000.
Valuations for tech peaked in 2020.
At the 2020 peak on a cap weighted basis, the 10 largest tech companies in the Nasdaq traded at a 44% discount to the largest tech companies at the 2000 peak using NTM EPS and 58% discount using LTM EPS.
Biggest market puzzles
1. If global growth is so strong, why are oil prices flat?
2. Why no China reopening lift to commodity prices?
3. Why are yield curves inverted if there's no recession?
4. Why do so many people want to be long Euro?
5. Why has Fed pivot not lifted S&P 500?
The November CPI isn't likely to alter the Fed's anticipated 50-basis-point hike Wednesday
But two months of moderating price pressures could complicate deliberations over how much more to raise rates early next year and how long to hold them there https://t.co/B5YRsVeIhY
THREAD: The US government's new export controls are wreaking havoc on China's chip industry.
New rules around "US persons" are driving an "industry-wide decapitation."
1) Great Charlie McElligott note this AM.
Cleveland Fed Nowcast CPI strength through 9/13 is most ironically a catalyst for further USD strength.
“Everything else is an emerging market” as we effectively export our inflation problem to solve it.
A MS chart on the topic:
1) Next two weeks important for rest of the year IMO.
In June, tech companies, especially at BaML, largely told investors that fundamentals were still good. This commentary was ignored on the reasonable logic that the companies just hadn’t seen it yet and it was coming.