“When sorrows come, they come not single spies, but in battalions.”
— Hamlet, Shakespeare
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Yesterday, in a very short Daily Q, I wrote “and it’s gone …” with reference to Southpark’s excellent sketch and in relation to NVDA’s share price having breaking key support at $165.
But, of course, as you simply cannot make up this stuff, a few hours later was not only the share price gone, but also the posterchild of the entire AI-story, Jensen Huang.
He may not land on his feet emotionally, but money-wise I am not overly concerned about this future…
As could be expected, the share price of NVDA rebounded thereafter, but in reality, has now just revisited its ex-support from below:
There may be some more upside to this, but it just will never be the same, given the absolute importance Jensen had in the company. Or, in other, less mince words, it will never be the same, as the board completely failed to think about any succession plan for a post-Jensen world.
R.I.P. and onwards …
With all the excitement going on in equity markets, there has been little chatter that yields are back up to 5.13. And it is not exactly that they have sneaked in a stealthy manner up there since Monday’s above-expectation CPI number:
Now, scroll down to the chart of the day, then quickly return here.
Seen that? Amazing, no?
And on top of that, we are getting Producer Price Inflation (PPI) numbers this afternoon:
Now…
This is what happened to Japan’s PPI versus expectations earlier this week:
Or here, China’s PPI versus expectations, also earlier this week:
I know, which way my bet will go this afternoon (spoiler: a “beat”).
With the global Microsoft Outlook outage still ongoing, I will cut short here (and you will receive this mail anyway not until later).
In that context…
Have a great weekend and May the Trend always be with You!
André
Since October, the price of crude oil (WTI futures) is down 15% on hopes that the worst may be over in the Middle East.
Over the same time, the US 10-year Treasury yield is therefore down by ….oh, wait! It is up, by 12 basis points!!
There’s a message somewhere in there…
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