l
At record highs: S&P 500, Russell 2000 -- know what amazes me -- this is August -- should be the summer doldrums. This is no longer my father's market.
Strange: OpenAI -- second executive departure in past few days. Just ahead of an IPO? Two top executives at this moment in time should raise eyebrows. OpenAI has always been a question mark with Sam Altman, but Anthropic right now is "all systems go" and looking solid.
Apple: a reminder -- starting to generate news with its $600 billion investment in the US. Texas looks like the big winner among the many, many states Apple is located.
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I still can't wrap my head around this -- reposting -- again:ICYMI:
IPOs pending:
- again, the amount of money that is being thrown around is incredible --
- compare
- GM: $75 billion
- Anthropic: $2 trillion (or 2000 billion / 75 billion = 27, let's call it = 30 GMs)
- can you imagine waking up one day and learning that 75 manufacturing facilities the size of GM were going public -- on one day -- and the 75 "new GMs" were all headed by one founder and CEO -- oh my goodness
- each are valued about $900 billion; about $100 billion separates them
- each may value their company with an IPO for $2 trillion
- OpenAI: a little messy right now
- Anthropic: hitting on all eight cylinders
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Others
Cheesecake crushing Chipotle: link here.
Reddit pops: will be added to the S&P 500. When added to an indice allows asset managers to trade it.
OKE: haven't checked this one in a long time. Up 6% this past week.
WMB: really, really choppy the past six months but up 27% in past year.
ENB: pay attention to dividends. Ex-dividend today -- 97 cents vs 71 cents previous month.
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Disclaimer
Briefly:
I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken. I am inappropriately exuberant about the US economy and the US market. I am also inappropriately exuberant about all things Apple. See disclaimer. This is not an investment site. Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market. I am also inappropriately exuberant about all things Apple. And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution. I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom. Now, I've added Amazon. And QCOM. Longer version here.
