The Sunday Review
Volatility lurking under the surface.
“Over time people get smarter but not wiser. They don't get emotionally stable. You can teach people all you want, tell them to read Graham's book, you can send them to graduate school, but when they are scared, they really get scared.” —Warren Buffet
Read the previous issue of The Sunday Review here.
Podcasts 🎙️
Palantir & Excessive Market Phenomena. 3 minutes.
What’s happening with Microstrategy and BTC? 5 minutes.
2-hour podcast on Netflix, streamers, media distribution from September 2023 here.
Select Tweets 🅧
How did NVIDIA reach $3.5 trillion in market cap? Tweet.
Thread on the lessons from the life of Aristotle Onassis.
Peculiar antics from NVDA and Cloud Purchase Agreements.
Trump nominates Scott Bessent as Treasury Secretary.
Is NVDA engaging in fraud? or?
What does an Egyptian singing icon of the mid 20th century, a Greek Romani folk legend, and a Colombian pop superstar with Lebanese roots have in common? Thread.
Youtube 📺
Oil is still barely hovering above the long-term support level of $65ish.
Good time to get some context on oil market dynamics with this video.
Market Updates
The Chinese bounce isn’t holding — no major shock here. This could go back to 3,000, again. Article
The EUR/USD is breaking below a strong support level, news from the Ukraine — Russia front and the escalation around the area isn’t helping. In the meanwhile the German coalition failed and it seems we will have a vacuum of power for a few months.
But I don’t even know if that’s the issue — the Eurozone has deep fundamental issues that could tear it apart in the next crisis.
Philoinvestors know I’ve written a ton on this vertical, including:
As a consequence, the DXY is breaking above the long-term resistance level — for now. I note however that the USD/JPY is losing steam and trying to break down again, I am short.
Remember that the best rallies come from oversold levels, and the best drops come from overbought levels. Note: Always know how to play it.
Recent Pieces 🦉
Breakout issue #9
Big Tech trade losing its appeal
Higher-level AI beneficiaries going crazy
And our classic macro basket — Gold, FX etc.
Read it below
NEXT UP 🦉
The second issue of No-End Dividend, coming up.
Downside at AI, Part #2
An essential thematic piece on the developments in the Eurozone. Unmissable for anyone with any interest in the region.
See this is a major sequel to Is the Euro here to stay?
Zero to Hero Investing 🦉✍️
Investing for Beginners and Professionals Re-discovering their Edge.
We are touching almost 50 prospective students for the course — launching January 2025. Join the waitlist here.
Sincerely,
Philo 🦉