Offshore
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Hidden Value Gems
4. How Broadly Bullish Is Sentiment?
"Sentiment in the market is now neutral to slightly positive—not in bubble territory."
6/9
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4. How Broadly Bullish Is Sentiment?
"Sentiment in the market is now neutral to slightly positive—not in bubble territory."
6/9
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Offshore
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Hidden Value Gems
3. How Many New Buyers Have Entered the Market?
"This gauge shot above the 90th percentile in 2020, which by other measures appeared to be in a bubble. Today, the activity of new buyers is a bit higher than typical—55th percentile—but not particularly concerning."
5/9
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3. How Many New Buyers Have Entered the Market?
"This gauge shot above the 90th percentile in 2020, which by other measures appeared to be in a bubble. Today, the activity of new buyers is a bit higher than typical—55th percentile—but not particularly concerning."
5/9
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Offshore
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Hidden Value Gems
"Nvidia’s two-year forward P/E is around 27 today, reflecting that, even as the market cap has grown ~10x, earnings have also grown significantly and are expected to continue to grow over the next year or two because of actual orders that we can validate. During the tech bubble, Cisco’s two-year forward P/E hit 100. The market was pricing in far more speculative/long-term growth than we see today."
4/9
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"Nvidia’s two-year forward P/E is around 27 today, reflecting that, even as the market cap has grown ~10x, earnings have also grown significantly and are expected to continue to grow over the next year or two because of actual orders that we can validate. During the tech bubble, Cisco’s two-year forward P/E hit 100. The market was pricing in far more speculative/long-term growth than we see today."
4/9
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Ben's Bites
Stack Overflow and Google Cloud are budding up
The developer question-answer forum will integrate its massive data store with @Google’s AI tools
There’s no mention of training on this data (and that might not matter much)
Here's why: bensbites.beehiiv.com/p/stac…
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Stack Overflow and Google Cloud are budding up
The developer question-answer forum will integrate its massive data store with @Google’s AI tools
There’s no mention of training on this data (and that might not matter much)
Here's why: bensbites.beehiiv.com/p/stac…
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Offshore
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Hidden Value Gems
2. Are Prices Discounting Unsustainable Conditions?
"This measure calculates the earnings growth rate that is required to produce equity returns in excess of bond returns. Currently, this indicator is just around the 67th percentile for the aggregate market—more elevated than some of our other readings."
3/9
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2. Are Prices Discounting Unsustainable Conditions?
"This measure calculates the earnings growth rate that is required to produce equity returns in excess of bond returns. Currently, this indicator is just around the 67th percentile for the aggregate market—more elevated than some of our other readings."
3/9
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Offshore
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Hidden Value Gems
1. How High Are Prices Relative to Traditional Measures?
"The current read on this price gauge for US equities is around the 73rd percentile."
"Looking at the Mag-7, we are reading Alphabet and Meta as somewhat cheap, and Tesla as somewhat expensive. We’d call the group in aggregate fairly priced."
2/9
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1. How High Are Prices Relative to Traditional Measures?
"The current read on this price gauge for US equities is around the 73rd percentile."
"Looking at the Mag-7, we are reading Alphabet and Meta as somewhat cheap, and Tesla as somewhat expensive. We’d call the group in aggregate fairly priced."
2/9
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BizToc
4) AMLO's North America Summit Snub —
Mexican President AMLO threatens to boycott the North America Leaders’ Summit amidst escalating tensions with the US and Canada. #Diplomacy
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4) AMLO's North America Summit Snub —
Mexican President AMLO threatens to boycott the North America Leaders’ Summit amidst escalating tensions with the US and Canada. #Diplomacy
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BizToc
2) Musk Legal Blitz Targets OpenAI —
Elon Musk sues OpenAI, alleging the tech firm and CEO Sam Altman deviated from its mission to develop AI for humanity's benefit. #ArtificialIntelligence
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2) Musk Legal Blitz Targets OpenAI —
Elon Musk sues OpenAI, alleging the tech firm and CEO Sam Altman deviated from its mission to develop AI for humanity's benefit. #ArtificialIntelligence
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Offshore
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BizToc
📰 BizToc.com Hourly News Flash
1) SNB Chief Jordan Bows Out —
Swiss National Bank Chairman Thomas Jordan announces his unexpected resignation after a 12-year tenure steering Switzerland's monetary policy. #CentralBanking
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📰 BizToc.com Hourly News Flash
1) SNB Chief Jordan Bows Out —
Swiss National Bank Chairman Thomas Jordan announces his unexpected resignation after a 12-year tenure steering Switzerland's monetary policy. #CentralBanking
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