Our current view on markets

• Rising energy and commodity prices are expected to weigh on stock markets, as yields on both 2-year and 10-year bonds trend higher.

• Robust economic data, while generally positive, pose concerns of higher inflation.

• All eyes are on Nvidia this week (blowout numbers).

• We still believe AMSL stands as a significant player in the AI semiconductor industry, being the gatekeeper against China's growth.

• Investors have no clue how many GPUs are about to be pushed to the absolute limit. $7T in investment and Sam Altman will find digital god. Imagine 500 of them. Link Here

• Commodities are starting to catch a bid specifically Energy and Livestock

• Move in the 10 yr has been against the consensus. Higher for longer is our view

• Bitcoin is flying.

ASML, The AI Gatekeeper.

2024 vs 2023 Momentum

AMD: $165 is an important level for the week ahead.

XOM is getting another bid

The sentiment around Google is too negative. Wait till $125.

Brent is re-accelerating

Most analysts were so wrong on rate cuts. Just follow the 2yr. The 2yr leads the fed funds rate.

Crypto mania hasn’t even started yet.

ALL EYES ON NVIDIA

Our Write-up From Two Weeks Ago…

Return always wants its risk payment.

NOT INVESTMENT ADVICE. Only for entertainment.