Category: Daily Instagraph

The U.S. economy is embracing artificial intelligence at an unprecedented speed. According to the BIS Annual Report 2024, over one-third of U.S. households adopted ChatGPT within a year, surpassing the adoption rates of previous technologies such as electricity, the internet, smartphones, and social media. Additionally, more than 75% of white-collar workers in the U.S. are … Continued

The ten largest US companies, predominantly Big Tech, now constitute nearly one-third of the US equities market capitalization—a concentration of market power previously unseen. Big Tech’s dominance is supported by substantial competitive moats, including network effects, data acquisition advantages, advanced technical capabilities, strong balance sheets to fund new ventures, and the ability to acquire and … Continued

Emmanuel Macron will likely be remembered as a high-stakes political gambler who risked his own legacy by opening the door to the far right in France. The first round of the legislative elections has shown a clear outcome: both the far right and the far left have cornered Macron’s ‘Ensemble’. The only glimmer of hope … Continued

The semiconductor ETF, which includes companies such as NVIDIA, Taiwan Semiconductor, Broadcom, Qualcomm, and Texas Instruments, has outperformed the Nasdaq 100 ETF (QQQ) by 45% or three standard deviations based on 1-year trailing relative returns. This significant outperformance against the technology sector is a rare occurrence, having only happened twice in the past 20 years. … Continued

One of Benjamin Graham’s most renowned quotes captures the essence of value investing: “In the short run, markets are a voting machine, in the long term a weighing machine.” This concept was vividly illustrated recently with the dramatic fluctuations in NVIDIA’s stock price. In just three trading days, NVIDIA shed $600 billion in market capitalization, … Continued

Since Benjamin Graham, often hailed as the father of value investing, successfully pioneered his net-net value strategies in the 1930s, value investing has, on average, outperformed growth investing by 4.9% over 10 year rolling periods over the past century. Only twice since the thirties have growth stocks surpassed value over a ten-year rolling periods: during … Continued

This is a stark reminder to all those who believe that things are not constantly in flux. For several decades, China was considered the manufacturing hub of the world, competing with its low labour costs while much of the value-added and profitable intellectual work was done in Europe and the US. However, China has since … Continued

If you were to observe Earth from space, you might be astounded by the hypocrisy of our environmental claims. Despite global pledges to reduce emissions, coal consumption continues to rise, driven primarily by Asian economies, especially China. Many of the Chinese products we purchase in Europe, including electric vehicles, carry a significant environmental footprint. While … Continued

Time to look at the CNN Fear & Greed Index to get an impression on market sentiment on the US market. The gauge shows fear compared to extreme greed only one year ago. While not a perfect indicator, it shows that many market participants do not fully trust the current calm and an S&P 500 … Continued

Over the last 2 decades, Europe has been dwarfed economically and financially as its economic weight in world GDP has decreased from 35% to 25% and its global stock market weight has halved from 30% to 15%. On the one hand, the rest of the world has developed much faster than the Old Continent in … Continued