submitted by /u/XGramatik [link] [comments]
Day: September 1, 2024
The S&P 500 has gained $5 TRILLION in market cap since hitting its low on August 5th. That’s a +10.5% surge in just 20 trading days, averaging $250 billion added PER DAY. In just 20 days, the S&P 500 has matched its typical ANNUAL return. Here’s how we timed the bottom on August 5th: (1/9)
submitted by /u/XGramatik [link] [comments]
Capital expenditures on large tech projects are enormous. Major tech companies are betting on the AI revolution (and then on the AI uprising—just kidding).
https://preview.redd.it/g3c41x2vd8md1.jpg?width=859&format=pjpg&auto=webp&s=80a27008dc5ec78d7364ead4e3fa71076ac2762e The capital expenditures of the Magnificent 7 reached approximately $44 billion in the second quarter of 2024, the highest on record. This is about 25% more than the $35 billion recorded in the previous quarter and 47% more than in the second quarter of 2023. A significant portion of these expenses was driven by investments in AI as the hype around AI intensified. A large part of this capital went to Nvidia, NVDA, and other major chip manufacturers. submitted by /u/FXgram_ [link] [comments]
FT: J.Trudeau this week moved to quell a public backlash to one of the world’s most progressive migration policies by rolling back Canada’s foreign worker scheme. He announced measures to slash the number of new arrivals. But executives worry the measures will curb their supply of cheap labour
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FT:It is time to tilt portfolios more into bonds
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Oliver Jane@heyoliverjane: Best Pack of AI Tools
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Punch Cartoons … and more@PunchBooks: “Nothing personal, Pooh, but we’ve figured you’d fetch a fortune on the open market.” Alan de la Nougerede 1990
submitted by /u/Ankle_be [link] [comments]
Stocks & Investments: Mortgages are designed to earn profits for banks. People think they make money buying a home instead of renting. It’s really quite hilarious this complete lie is stated as fact. Agree?
submitted by /u/Ankle_be [link] [comments]
Life in high school before social media, 1998 – Just remember how it was before all these likes.
submitted by /u/XGramatik [link] [comments]
Chris Weston, Pepperstone: US Election dashboard – Polls, prediction markets and cross-asset election expressions.
Markets may start become more sensitive to changes in the polls post Labor Day, although this week election trades are fighting NFPs and Wallers outlook – so keeping tactical capital until at least after the 1st live debate, perhaps even end of Sept seems more likely. https://preview.redd.it/ugylvhail5md1.png?width=1710&format=png&auto=webp&s=c1335b38590ed3110aa9587bd47497f6920ccd7b submitted by /u/XGramatik [link] [comments]
Bloomberg Markets: The promise of European stocks gaining an edge over their US counterparts is fading after a brief spell of outperformance
submitted by /u/Ankle_be [link] [comments]
The U.S. Pending Home Sales Index dropped by 5.5% in July compared to the previous month, reaching its lowest level ever recorded. It’s hard to imagine housing affordability getting worse than it is now. Is this a problem for you?
The Index of Pending Contracts for Existing Homes fell to 70.2, falling short of all expectations. According to the National Association of Realtors, sales declined across all four U.S. regions, with the largest drops in the Midwest and South. Even though mortgage rates are at their lowest level in the past 15 months, limited inventory and record prices are constraining demand. Contract activity has been declining for over two years and is now below the levels seen during the 2020 pandemic and the 2008 financial crisis. https://preview.redd.it/311squ2up5md1.png?width=861&format=png&auto=webp&s=706fbb0082fd8cad6f5e516a1f09d04f2dcb87ef submitted by /u/XGramatik [link] [comments]
Too many local battles are flaring up over freedom of speech. Telegram has its own battle, Twitter has its own. Or are these ultimately the same battles? Twitter meme: Alexander de Voldemort and Elon Potter fighting an epic battle for freedom of speech in Brazil.
submitted by /u/XGramatik [link] [comments]
Pepperstone: The week ahead for financial markets
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Surprisingly, it works almost every time
submitted by /u/Aftermebuddy [link] [comments]
Musk and Durov are facing the revenge of the regulators?
Governments are becoming more inclined to enforce strict regulations on social media platforms and their leaders, signaling a departure from the previously hands-off approach that allowed these companies to operate with minimal oversight. Key points of the article: Increased regulatory action: Governments are taking stronger measures against tech companies and their leaders. End of an era: The period of minimal government interference in tech companies’ operations is ending. Contrasting perspectives: The actions are seen either as necessary regulation or potential threats to free speech. Specific cases: France indicted Telegram’s CEO Pavel Durov on various charges. Brazil ordered the suspension of Elon Musk’s X for defying local regulations. The U.S. passed a law that could lead to TikTok’s ban. Complex motivations: Government actions are driven by concerns over misinformation, illegal activities, and national security. Potential consequences: These actions may impact online privacy tools and legitimate forms of online expression. Shifting dynamics: Tech leaders now face more scrutiny and potential legal consequences for their platforms’ content and operations. And here comes a question: Do you think tech leaders like Elon Musk and Pavel Durov are genuinely fighting for free speech, or are they primarily protecting their business interests? submitted by /u/Aftermebuddy [link] [comments]