Just saw the biggest ETF launch ever 🚀
The Leverage Shares 2x Long SpaceX ETF $SPCH hit $4 billion in trades its first week—more than any other ETF ever, beating IBIT and DRAM.
And it did it in just 4 days because of the holiday week.
(Info from @EricBalchunas, just s
$LMND's AI edge is real.
So many companies love to argue that they do AI better than the competition.
Most of the time, evidence is scarce or non-existent.
In this case, it's clear. Let's review:
1) Loss Adjustment Expense ratio (cost to handle claims) far better than giant incumbents despite their economies of scale advantage. That lead is growing.
2) Hiking pet premiums at half the sector rate & still outperforming the industry on loss ratios. That's despite a higher new business penalty from faster growth.
3) Strong multi-year loss ratio trends overall. Sharp underwriting enabling granular understanding of customers & actually knowing who to profitably offer lower premiums to. One thing to say it. Another to deliver data that shows it.
4) Lack of headcount growth for 3 years while the book kept explosively growing.
5) Far superior customer service scores despite getting dramatically outspent on tech by competitors. Use their product & compare rapid onboarding & claims mgmt processes vs. others.
A lot of companies talk a big AI game. Very few use this technology to actually show real signs of these claims being entirely legitimate. Lemonade is one of those companies.
Kenya's High Court blocked the US from setting up a quarantine facility there, so now America is planning to use its own Ebola treatment centers instead.
Foreigners have been dumping Korean stocks every day since May 6, and guess who's buying? Local retail investors going all in with leverage. It's officially the longest selling streak on record. 😅📉