Once the computing market became a thing in the 50s and 60s, FLOPS became the hot new resource.
And as plastics were to oil, AI is now the big, new customer for FLOPS.
"Bad Breadth" is when the overall market is up but many of the stocks in that market are down. This happened in 2021 (the majority were bearish but the market was up) and it’s happening now. Only a few big winners are moving the market.
If we can get a daily close above the high from Apr 26 (indicated by the red arrow) then we could see ATVI rally back up to the point from which it dropped around $86.
Going back to ‘96, BRK.B would have turned a hypothetical $10k into $177,000 while the market would have turned $10k into only $77,000 (excluding dividends).
I’d be surprised if AAPL doesn’t reach new all-time highs by August. July and August historically and seasonally are two of the most bullish months of the year
We did have a more interesting week than I was expecting, but as I mentioned last week, I think there will be more fun to come in a while … and it could well be in the other direction.
"Cypherpunks write code,” and Eric Hughes Manifesto let the world know they wrote code to make encryption – and the “anonymous transaction systems that it makes possible” – available to anyone who wanted it.
Counting all U.S. Treasury’s bonds, notes and bills outstanding, the U.S. Government has $31 trillion in debt. But that’s only a sliver of the promises the government must keep or break.