NVDA

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