Locator: 46769INV.
Holy mackerel. I just got back from a short bicycle errand and I return -- turn on CNBC, "Half-Time Report" and see NVDA is up another $19 / share. Are you kidding me?
- closed up $24; closed up another 3.6%; goes over $700; trading at $721;
Breaking: link here.
Major oils:
- selling off despite WTI up significantly; IT’S ALL ABOUT THE PLUMMETING PRICE OF NATURAL GAS
- but, what else?
- short-term sector rotation: boomers finally throwing in the towel on energy?
- watching millennials surge ahead with tech?
Last three months:
Last three months:
- CVX: maybe 3%
- NVDA: maybe 50%
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Reality
1999:
- tech trading at 60 - 70 x earnings
- interest rates higher than they are today
2023:
- tech trading at 30 x earnings
- interest rates lower than back in 1999
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