Podcasts about nvidias

I denne uges episode ser vi nærmere på Nvidias regnskab og de reaktioner, det har skabt i markedet. Vi har besøg af Tobias Hansen fra Nlogic til en snak om IT-sikkerhed og infrastruktur. Derudover ser vi på den seneste udvikling omkring Trump, tariffer og retssager. Ugens tema handler om den globale energisituation. Alt dette og meget mere! Denne episode er sponsoreret af Finobo. Få et gratis økonomitjek hos specialisterne i låneoptimering ved at bruge linket:finobo.dk/gratis-oekonomitjek-aktieuniverset/Prøv den nye omlægningsberegner på Finobo.dk/beregner-omlaegningsberegner/?utm_source=aktieuniverset Denne episode er sponsoreret af Advisia. Få den bedste leasingaftale og pris med 100% uafhængig rådgivning. Læs mere på Advisia.dk. Denne episode er sponsoreret af PMINDI. NewDeal Invest er blevet børsnoteret, så du kan nu investere uden minimumsbeløb. Find den på din danske handelsplatform under PMINDI eller DK0062499810. Læs mere på ⁠Newdealinvest.dk⁠.NewDeal Invests nyhedsbrev: Newdealinvest.dk/nyhedsbrev/ Tjek os ud på:FB gruppe: ⁠facebook.com/groups/1023197861808843⁠X: ⁠x.com/aktieuniverset⁠IG: ⁠instagram.com/aktieuniversetpodcast⁠

Carmignacs förvaltare Kristofer Barrett om förväntningarna inför Nvidias rapport. Colliers nordiska analyschef Axel Tärn ser ljust på fastighetsmarknaden: ”Positiv utveckling – Sverige sticker ut”Japan tappar förstaplatsen som världens största ägare av utländska krediter. Hör SEB:s Asienstrateg.Di:s Pontus Herin besöker i Novo Nordisk-byn. Programledare: Noel Hermansson och Madeleine Lundberg

Donald Trump hotar med 50-procentiga tullar mot EU. Hör Di:s analytiker Ulf Petersson. Aktiestrategen Robert Oldstrand ger sina köpråd efter rapportperioden och kommenterar uppgifterna om att Hexagon ska sälja sin mjukvaruverksamhet för ingenjörssimulering. På lördagen besöker Nvidias grundare Jensen Huang Sverige. Linköpings universitet avslöjar hur de lockat hit techprofilen. Programledare: Andreas Johansson

I denne uges episode ser vi nærmere på Trumps seneste aftaler i Mellemøsten, der har hentet store summer investeringer til USA og har stort potentiale til at påvirke amerikanske aktier. Vi har besøg af Thomas Marschall fra Danish Business Angels til en snak om Europas investeringsklima og startup-økosystem. Ugens tema dykker ned i Nvidia og chipindustriens udvikling, herunder Nvidias seneste regnskab og investeringer i AI-chipproduktion i Nordamerika. Derudover gennemgår vi spændende regnskaber og meget mere! Denne episode er sponsoreret af Nlogic. Få skræddersyet din cybersecurity. Læs mere på Nlogic.dk. Denne episode er sponsoreret af Finobo. Få et gratis økonomitjek hos specialisterne i låneoptimering ved at bruge linket:finobo.dk/gratis-oekonomitjek-aktieuniverset/Prøv den nye omlægningsberegner på Finobo.dk/beregner-omlaegningsberegner/?utm_source=aktieuniverset Denne episode er sponsoreret af Betterfeast. Den nemmeste måltidskasse. Hop ind på Betterfeast.dk/vare/familiekassen og brug rabatkoden: “AKTIEUNIVERSET51”, så får du 51% på din første levering. Tjek os ud på:FB gruppe: ⁠facebook.com/groups/1023197861808843⁠X: ⁠x.com/aktieuniverset⁠IG: ⁠instagram.com/aktieuniversetpodcast⁠

I denne episoden tar vi for oss den økende spenningen mellom USA og Kina, og hvordan NVIDIA havner i kryssilden. Vi diskuterer den pågående debatten rundt NVIDIAs datasalg til Kina, potensielle sanksjoner og konsekvensene for både selskapet og det globale teknologimarkedet. Hva betyr økt politisk press, tariffer og geopolitikk for fremtidens chipindustri? Og hvordan bør investorer tenke når verdens største teknologiselskaper blir brikker i storpolitisk sjakk? Tune in for ukens markedspuls – med et blikk mot både Washington og Silicon Valley.Finansielle verdipapirer kan både øke og minke i verdi. Det er en risiko for at du ikke får tilbake pengene du har investert. Før du investerer i et fond bør du lese prospektet som er tilgjengelig hos fondsforvalter og nøkkelinformasjonen du finner på ordreleggingssiden og på fondets produktside på nordnet.no.

Nvidia hat mit dem Blackwell Ultra einen der leistungsstärksten Chips der Welt vorgestellt – und der hat das Potenzial, unsere technologische Zukunft massiv zu beeinflussen. In dieser Folge von Shape of Tomorrow erfährst du, was den Chip so besonders macht und warum er ein echter Gamechanger für Künstliche Intelligenz, Forschung und Industrie ist. Wir schauen uns an, wie solche Technologien unseren Alltag schon bald verändern könnten – und welche Chancen sich daraus ergeben.

I denne uges episode ser vi nærmere på diverse markedsnyheder og også forbi Chewys seneste regnskab. Ugens tema giver en status på AI-toget og dykker ned i Nvidias præsentation og deres fortsatte dominans. Derudover besvarer vi et lytterspørgsmål om investering i space-tech aktier. Alt dette og meget mere! Denne episode er sponsoreret af Finobo. Få et gratis økonomitjek hos specialisterne i låneoptimering ved at bruge linket:finobo.dk/gratis-oekonomitjek-aktieuniverset/Prøv den nye omlægningsberegner på Finobo.dk/beregner-omlaegningsberegner/?utm_source=aktieuniverset Denne episode er sponsoreret af investeringsfonden NewDeal Invest. NewDeal Invest er blevet børsnoteret, så der nu ikke er nogen minimumsinvestering for at komme med i fonden. Find den på din danske handelsplatform under PMINDI eller NewDeal Invest (nu også på Nordnet og eToro). Hvis du er en virksomhed, kan du også investere i hovedfonden gennem virksomhedsskatteordningen (VSO).NewDeal Invest: ⁠newdealinvest.dk⁠ Tjek os ud på:FB gruppe: ⁠facebook.com/groups/1023197861808843⁠X: ⁠x.com/aktieuniverset⁠IG: ⁠instagram.com/aktieuniversetpodcast⁠

In this episode of Purple Political Breakdown, we dive into the latest political firestorms rocking the nation. Donald Trump and Elon Musk are teaming up against the mainstream media, accusing outlets of trying to divide them. Musk, now leading the Department of Government Efficiency, is escalating his media attacks, even suggesting jail time for CBS journalists. Meanwhile, the Department of Defense is cracking down on leaks with potential polygraph tests, following reports of sensitive Pentagon information being shared on unapproved platforms.Trump has also revoked security clearances for over a dozen political adversaries, including former President Biden and Vice President Harris, in what critics call a symbolic act of revenge. The administration is shaking up the federal bureaucracy, slashing SBA staff by 43% and transferring federal student loan programs under its control. On the economic front, Trump is imposing a 25% tariff on countries importing oil from Venezuela, claiming the nation is deliberately sending criminals into the U.S.We also cover Boeings massive $20 billion contract for the next-generation F-47 fighter jet, Hyundais $21 billion onshoring investment, and Nvidias plan to pump hundreds of billions into U.S. chip manufacturing. Plus, we discuss the growing trend of retirees fleeing high-tax states and the controversy surrounding Columbia Universitys concessions to restore its federal funding.Finally, well break down the fallout from South Dakota's new law restricting transgender individuals' bathroom access, AOCs rising influence within the Democratic Party, and a shocking mass shooting in Las Cruces, New Mexico. Dont miss this packed episode filled with the latest headlines, analysis, and what it all means for Americas political landscape.https://linktr.ee/purplepoliticalbreakdown

Das ist das KI-Update vom 21.03.2025 unter anderem mit diesen Themen: Auch Claude darf jetzt ins Internet Neue Sprach-Modelle in OpenAI-API verfügbar Nvidia will Hunderte Milliarden in US-Lieferkette investieren und Atlas bewegt sich Dank KI immer menschenähnlicher Links zu allen Themen der heutigen Folge findet Ihr hier: https://heise.de/-10324219 https://www.heise.de/thema/KI-Update https://pro.heise.de/ki/ https://www.heise.de/newsletter/anmeldung.html?id=ki-update https://www.heise.de/thema/Kuenstliche-Intelligenz https://the-decoder.de/ https://www.heiseplus.de/podcast https://www.ct.de/ki

In der heutigen Folge von „Alles auf Aktien“ sprechen die Finanzjournalisten Philipp Vetter und Holger Zschäpitz über schizophrene Börsen, die deutsche Schulden-Rallye und Hiobsbotschaften von Siemens. Wir freuen uns an Feedback über aaa@welt.de. Ab sofort gibt es noch mehr "Alles auf Aktien" bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts und AAA-Newsletter.[ Hier bei WELT.](https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html.) [Hier] (https://open.spotify.com/playlist/6zxjyJpTMunyYCY6F7vHK1?si=8f6cTnkEQnmSrlMU8Vo6uQ) findest Du die Samstagsfolgen Klassiker-Playlist auf Spotify! Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? [**Hier findest du alle Infos & Rabatte!**](https://linktr.ee/alles_auf_aktien) Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Da ist er, der Showdown: AMD Radeon RX 9070 (XT) mit RDNA 4 und FSR 4 gegen Nvidia GeForce RTX 5070 (Ti) mit DLSS 4. Fabian und Jan analysieren, wie gut AMDs neue GPU-Architektur und das neue KI-Upscaling wirklich geworden sind und wie sich AMDs beide 70er gegen Nvidias beide 70er im Benchmarkparcours und darüber hinaus schlagen.

IGs marknadsanalytiker Patrick Thomenius gästar och tipsar om hur man ska tolka NVIDIAs delårsrapport från förra veckan, hur man som placerare ska navigera sig genom Donald Trumps olika utspel, samt delar med sig av den senaste statistiken kring hur IGs kunder har agerat på senaste tiden. I andra delen av podden gästas vi av Torbjørn Bull Jenssen, grundare och vd, K33, som ger oss en uppdatering om vad som ligger bakom bolagets starka utveckling de senaste månaderna. Han ger oss också sin syn på kryptomarknaden just nu, vad han tror om utvecklingen av Bitcoin framåt samt betydelsen av att Donald Trump vill skapa en amerikansk strategisk reserv av kryptovalutor. Programledare: Joakim Båge Länkar till medverkande bolag: https://www.ig.com/se https://k33.com Några av aktierna som nämns: NVIDIATeslaK33SafelloGoobit GroupDisclaimer: Kom ihåg att inget av innehållet i denna podd ska ses som investeringsråd. Alla investeringar i aktier, valutor eller andra värdepapper är förenade med risk. Vissa av bolagen som medverkar i programmet betalar för det i form av sponsorskap, annonsplats eller genom ett tidigare eller pågående rådgivningsuppdrag.

Nvidia hat in dieser Woche an den Börsen 200 Milliarden Dollar an Wert verloren, obwohl die veröffentlichten Zahlen eigentlich gut waren. Die beiden Wirtschaftsjournalisten Dietmar Deffner und Holger Zschäpitz debattieren darüber, was die Börsenreaktion zu bedeuten hat und ob jetzt der KI-Absturz droht. DEFFNER & ZSCHÄPITZ sind wie das wahre Leben. Wie Optimist und Pessimist. Im wöchentlichen WELT-Podcast diskutieren und streiten die Journalisten Dietmar Deffner und Holger Zschäpitz über die wichtigen Wirtschaftsthemen des Alltags. Schreiben Sie uns an: wirtschaftspodcast@welt.de Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutzerklärung: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

I denne uges episode ser vi nærmere på krypto og forskellige markeder, der har været blodige i ugens løb og de faktorer, der har presset kurserne. Vi gennemgår en række spændende regnskaber, hvor særligt NVIDIAs regnskab er i fokus i ugens tema. Derudover dykker vi ned i de seneste AI-nyheder og meget mere! Denne episode er sponsoreret af Finobo. Få et gratis økonomitjek hos specialisterne i låneoptimering ved at bruge linket:finobo.dk/gratis-oekonomitjek-aktieuniverset/Prøv den nye omlægningsberegner på Finobo.dk/beregner-omlaegningsberegner/?utm_source=aktieuniverset Tjek os ud på:FB gruppe: ⁠facebook.com/groups/1023197861808843⁠X: ⁠x.com/aktieuniverset⁠IG: ⁠instagram.com/aktieuniversetpodcast⁠

Det är nyhetsintensiva dagar och USA-börserna är kortsiktigt under press. Vad lärde vi oss av Nvidias senaste rapport? Hur är sentimentet kring AI-investeringar? Och hur förändrar kinesiska DeepSeek det globala investeringslandskapet? Johan Grip, globalförvaltare på Carnegie Private Banking, gästar podcasten för samtal med Henrik von Sydow. Denna podcast är utgiven av Carnegie Private Banking inom Carnegie Investment Bank AB (publ). Risker Investeringar i finansiella instrument är förknippade med risk och en investering kan både öka och minska i värde eller komma att bli värdelös. Historisk avkastning är ingen garanti för framtida avkastning. Ingen del av podcasten skall uppfattas som en uppmaning eller rekommendation att utföra eller disponera över någon typ av investering eller att ingå några andra transaktioner. De uppfattningar som redogjorts för i podcasten återspeglar de medverkandes uppfattning för tillfället och kan således komma att ändras. Informationen i podcasten tar inte hänsyn till någon specifik mottagares särskilda investeringsmål, ekonomiska situation eller behov. Informationen är inte att betrakta som en personlig rekommendation eller ett investeringsråd. Adekvat och professionell rådgivning skall alltid inhämtas innan några investeringsbeslut fattas och varje sådant investeringsbeslut fattas självständigt av kunden och på dennes eget ansvar. Carnegie frånsäger sig allt ansvar för direkt eller indirekt förlust eller skada som grundar sig på användandet av information i podcasten.

Blickarna är riktade mot Nvidias rapportsläpp ikväll. Hur presterar chipjätten och hur guidar man framåt? Techförvaltaren Inge Heydorn delar sina tankar. Nyab Fortsätter växa och förbättrar sina marginaler. DiTV intervjuar vd:n Johan Larsson. Kopparpriset stiger efter Trumps tullhot. Hedgefondförvaltaren Anna Svahn om råvarupriser.Programledare: Fredrik Lennander och Andreas Johansson.

De amerikanska börsernas utveckling, vinsttillväxt och framtidsutsikter diskuteras i veckans första Börslunch tillsammans med Patrick Thomenius, marknadsanalytiker på IG. Vad ska Warren Buffet göra med Berkshire Hathaways rekordstora kassa och hur höga är förväntningarna på Nvidias rapport på onsdag? Vi konstaterar även att det gått fem år sedan starten av pandemin, mycket har hänt sedan dess.

Deepseek schickt ein Beben durch die Börse. Benchmarks für Nvidias neue Grafikkarten lassen aufhorchen. «Severance» startet fulminant in die zweite Staffel und «Sniper Elite Resistance» lehrt Anatomie.

Godt 600 milliarder dollar er med ét fingerknips udslettet fra Nvidias markedsværdi mandag.Det er med længder det største daglige fald for en aktie nogensinde, og synderen er kinesiske DeepSeek, der er kommet ind fra højre og har lanceret en billig AI-sprogmodel på rekordtid.Vi ser på efterdønningerne i markedet denne tirsdag i Millionærklubben, men faktisk skal det primært handle om guld, sølv, olie og gas.Med os på en telefon har vi nemlig Saxo Banks chef for råvarestrategi, Ole Hansen. Lau Svenssen er desuden med os i studiet. Vært: Signe TerpSee omnystudio.com/listener for privacy information.

Linnea Rönnqvist berättar om AI-jätten Nvidias jätteras på börsen, efter kinesiska ai:n Deepseeks framgång. Hon berättar också om den nationella säkerhetsrådgivaren Henrik Landerholms avgång. Vikarierande programledare Alice Dadgostar pratar om läget i Kongo-Kinshasa, efter att rebellgruppen M23 intagit staden Goma. Dessutom: Knarkande råttor, förklaringen till krångliga titlar, gamla laddare kan leda till mindre försäkringspengar och bok återlämnad till biblioteket efter 56 år. Hosted on Acast. See acast.com/privacy for more information.

Linnea Rönnqvist berättar om AI-jätten Nvidias jätteras på börsen, efter kinesiska AI:n Deepseeks framgång. Hon berättar också om den nationella säkerhetsrådgivaren Henrik Landerholms avgång. Vikarierande programledare Alice Dadgostar pratar om läget i Kongo-Kinshasa, efter att rebellgruppen M23 intagit staden Goma. Hosted on Acast. See acast.com/privacy for more information.

När Nvidias vd Jensen Huang spådde att kvantdatorer var 30 år bort, föll världens kvantbolag med 40 procent. Men vad vet vi egentligen om den mystiska tekniken som kan förstöra hela internet, revolutionera läkemedelsbranschen och leverera miljontals paket i minuten? Vi ställer en mycket enkel fråga till två av Sveriges främsta kvantforskare: Vad är det här egentligen?

Branschveteranerna Victor Leijonhufvud och Calle Johansson-Sundelius vädrar och bollar varannan vecka sina tankar kring spel, filmer, tv-serier och nördgrejer tillsammans i detta kompletterande upplägg där fokus ligger på frekvens och aktualiteter. Notera att du med varje nytt Virtuellt-Veckan får ytterligare över en timme fördjupat snack och framför allt själva intrycksdelen genom att stötta detta initiativ på Patreon! Hjälp oss hålla igång denna seglats — om den nu råkar gillas! Tack på förhand! Nämns i podden görs följande: Nyhetssvepet: Spel* Kan vi förutse Switch 2 utifrån rykten?* Geforce 5000-serien avtäcktFilm* Love Me, en kärlekssaga mellan boj och satellitSerier* Last of Us S2 får släppmånadTeknik* Dammsugarrobot med gripklo* Phone Toaster* AI-sengångare* Lenovos utrullande skärm* Nvidias mega- och superdatorer* AR-glasögon som översätter i realtid Årsbästa 2024: Calles favoritspel 2024:1. Helldivers 2 (PS5)2. Astro Bot (PS5)3. Indiana Jones and the Great Circle (PC, Xbox)4. Balatro (PC)5. Prince of Persia and the Lost Crown (PC, PS5, Xbox, Switch) Victors favoritspel 2024:1. Astro Bot (PS5)2. Indiana Jones and the Great Circle (PC, Xbox)3. Silent Hill 2 Remake (PC, PS5)4. Balatro (PC)5. Final Fantasy 7 Rebirth (PS5) Calles favoritfilmer 2024:1. Deadpool & Wolverine (Disney+)2. Dune: Part Two (Max)3. The Substance4. Kingdom of the Planet of the Apes (Disney+)5. Släpp Taget (Netflix) Victors favoritfilmer 2024:1. The Substance2. Den Sista Resan (SVT Play)3. Late Night with the Devil 4. The Remarkable Life of Ibelin (Netflix)5. Dune: Part Two (Max) Calles favoritserier 2024:1. Presumed Innocent (Apple)2. The Penguin (Max)3. Dark Matter (Apple)4. Shogun (Disney+)5. Baby Reindeer (Netflix) Victors favoritserier 2024:1. Baby Reindeer (Netflix)2. The Penguin (Max)3. Arcane (Netflix)4. The Curse (SkyShowtime)5. Disclaimer (Apple) Hör gärna av dig med tankar och reaktioner, på respons@virtuellt.nu. Du kan också engagera dig i gemenskapen i Discord-gruppen, som du hittar här.

In der aktuellen Folge von "Money Train" begrüßen wir Andreas Deutsch, Chef vom Dienst bei DER AKTIONÄR. Gemeinsam werfen wir einen Blick auf die Tech-Giganten Amazon und Nvidia: Amazons Milliardenoffensive im KI-Bereich, die Expansion in Georgia und die Zukunft der Cloud-Technologien. Außerdem sprechen wir über Nvidias unglaublichen Aufstieg an der Börse, die Vision einer KI-getriebenen Welt und die Frage, wie Anleger von diesen Entwicklungen profitieren können. Hinweis: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlageempfehlungen dar. Die Moderatoren oder der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen.

Fed-protokollet visade att ledamöterna ser ökad risk för att inflationen återigen tar fart. Samtidigt fick Nvidias vd Jensen Huang aktier relaterade till kvantdatorteknik att rasa. Branden i Los Angeles satte också avtryck på börsen.

In der heutigen Folge von „Alles auf Aktien“ sprechen die Finanzjournalisten Daniel Eckert und Holger Zschäpitz über den Bond-Schock an der Wall Street, eine Rallye der Impfstoff-Aktien und Trumps Mexiko-Idee. Wir freuen uns an Feedback über aaa@welt.de. Ab sofort gibt es noch mehr "Alles auf Aktien" bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts und AAA-Newsletter.[ Hier bei WELT.](https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html.) [Hier] (https://open.spotify.com/playlist/6zxjyJpTMunyYCY6F7vHK1?si=8f6cTnkEQnmSrlMU8Vo6uQ) findest Du die Samstagsfolgen Klassiker-Playlist auf Spotify! Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? [**Hier findest du alle Infos & Rabatte!**](https://linktr.ee/alles_auf_aktien) Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Burnie and Ashley discuss Revenge of the Nerds, CES, Samsung's Ballie, robot motivations, sick strategies, is patriotism American, Royal Mail, Apple's post-Jobs hits, Apple Watch, charging woes, videogames we never delete, NVIDIAs $2000 video card, Trudeau resigns, and another monkey on the lam. This episode is extended on Patreon. Extended version of this podcast at: https://www.patreon.com/morningsomewhere For the link dump visit: http://www.morningsomewhere.com For merch, check out: http://store.morningsomewhere.com

Kapitalisterne dykker ned i ugens vildeste historie - og der er som altid gang i markederne. Novo er faldet 30% fra toppen, hvilket får Oskar til at se en mulighed for snart at købe op. Tesla er steget 60%, siden Trump trådte til, og i samme periode er Uber faldet 20% - er der noget markedet har overset? Nvidia har nu leveret så mange gange, at det er nærmest umuligt at gøre aktionærerne glade. Alt det - og meget mere - når de igennem i dagens episode.

Vad lärde sig investerarna av Nvidias rapport? Och vilken roll spelar Nvidia som faktor framåt för de globala aktiemarknaderna? Johan Grip, förvaltare av Carnegie Global Stock Picking samtalar med Henrik von Sydow om strategier för att skala in sig mot amerikanska och globala teknikaktier som drivs av megatrender. Denna podcast är utgiven av Carnegie Private Banking inom Carnegie Investment Bank AB (publ). Risker Investeringar i finansiella instrument är förknippade med risk och en investering kan både öka och minska i värde eller komma att bli värdelös. Historisk avkastning är ingen garanti för framtida avkastning. Ingen del av podcasten skall uppfattas som en uppmaning eller rekommendation att utföra eller disponera över någon typ av investering eller att ingå några andra transaktioner. De uppfattningar som redogjorts för i podcasten återspeglar de medverkandes uppfattning för tillfället och kan således komma att ändras. Informationen i podcasten tar inte hänsyn till någon specifik mottagares särskilda investeringsmål, ekonomiska situation eller behov. Informationen är inte att betrakta som en personlig rekommendation eller ett investeringsråd. Adekvat och professionell rådgivning skall alltid inhämtas innan några investeringsbeslut fattas och varje sådant investeringsbeslut fattas självständigt av kunden och på dennes eget ansvar. Carnegie frånsäger sig allt ansvar för direkt eller indirekt förlust eller skada som grundar sig på användandet av information i podcasten.

Ikväll kommer halvledarjätten Nvidia med rapport och förväntningarna är som vanligt skyhöga. Techförvaltaren Inge Heydorn spår ett starkt kvartal och Di:s techreporter Johannes Karlsson har lyssnat på bolagets medgrundaren Chris Malachowsky under eventet Slush.

We talk about AI research at ASML, new generations of machines, federated learning, MLOps and many more topics. In the news part Peter Seeberg and Robert Weber discussed the RosCon, NVIDIAs show and Microsoft´s engagement in Germany, Honeywell and Siemens.

Tesla slår forventningerne og aktien står til stor stigning. Nvidias topchef tændte dansk supercomputer. Vindmål i Nordsøen halter. Aarhus-borgmester trækker sig. Dansk forbrugertillid laveste i 2024. Trumps tidligere stabschef mener kandidaten er fascist. Vært: Lasse Ladefoged (lala@borsen.dk)

Crushing government debt. A deepening recession. A collapsing US dollar. Chaos in the financial markets. It could soon be headed your way. But all is not lost, either. Target the right commodities, stocks, and markets, and you won't just come out relatively unscathed. You'll have the chance to pocket sizable profits. That's the worldview and advice shared by Peter Schiff, chief global strategist at Euro Pacific Asset Management, in this week's MoneyShow MoneyMasters Podcast segment.Peter starts by comparing TODAY's environment to the one leading up to the 2008-2009 Great Financial Crisis. In his words, the situation today is “eerily familiar” and the consequences of inaction by investors could be “catastrophic.” He goes on to note that investors made a lot of money in the 1950s and 1960s investing in the “Nvidias of their day” like Polaroid and Xerox. But anyone who didn't shift their approach for the stagflationary 1970s – and target NEW investments like commodities, gold, oil, foreign currencies, and the like – got crushed.Peter next proposes that the Fed hasn't slayed inflation, and that it's poised to turn up again. He adds that record government and household debt will lead to serious economic problems – even IF the Fed starts cutting interest rates soon. In short, it's a “toxic cocktail we're about to drink” – and that requires protective and proactive action. He lays out investment strategies that he believes will work best in this new currency, commodity, and equity market regime. That includes buying shares of companies that prosper from inflation, foreign stocks that will benefit in a falling-dollar environment, and gold. Finally, Peter previews what he'll talk about at the 2024 MoneyShow Orlando, scheduled for Oct. 17-19 at the Omni Orlando Resort at ChampionsGate. Click here to register: https://orlandomoneyshow.com/?scode=061246

Die Spannung war groß: Am vergangenen Mittwoch präsentierte der kalifornische Chipentwickler Nvidia seine neuesten Quartalszahlen – ein Gradmesser für die gesamte Chipindustrie. Und trotz gigantischer Umsatz- und Gewinnentwicklung gab es einen Ausverkauf. Warum? Nvidia legte in den vergangenen Jahren und Monaten ein gigantisches Wachstum hin. Angetrieben von den Fortschritten und auch den Erwartungen in Künstliche Intelligenz vervielfachten sich Umsatz, Gewinnmargen und natürlich der Aktienkurs. Dementsprechend hoch sind aber mittlerweile aber auch die Erwartungen von Investoren und Anlegern – trotz glänzender Zahlen wachsen die Zweifel, ob sich diese Wachstumsgeschichte weiter fortsetzen lässt. Felix und Julia diskutieren, was die Lage für Anleger gerade so kompliziert macht, warum Chip-Unternehmen aus der zweiten Reihe vielleicht vielversprechender sind - und ob Nvidia auch weiter eine Kursrakete bleiben wird. Besprochene Wertpapiere: Van Eck Semiconductor ETF (IE00BMC38736) ASML (NL0010273215) Intel (US4581401001) TSMC (US8740391003) Nvidia (US67066G1040) Rheinmetall (DE0007030009) Nordex (DE000A0D6554) Disclaimer: Dieser Podcast ist keine Anlageberatung, sondern dient lediglich der Information und Unterhaltung. Die Hosts oder der Verlag übernehmen keine Haftung für Anlageentscheidungen, die ihr aufgrund der im Podcast gehörten Informationen trefft. *** Exklusiv für WirtschaftsWoche BörsenWoche-Hörerinnen und -Hörer gibt es außerdem hier ein besonderes Abo-Angebot: wiwo.de/podcastboersenwoche Helfen Sie uns, unsere Podcasts weiter zu verbessern. Ihre Meinung ist uns wichtig: www.wiwo.de/zufriedenheit [Mehr über die Angebote unserer Werbepartnerinnen und -partner finden Sie HIER](http://cmk.wiwo.de/cms/articles/15602/anzeige/podcast-werbepartnerinnen/hier-gibt-s-weitere-infos-zu-den-angeboten-unserer-werbepartner-innen)

Markets react as NVIDIA beats expectations with posted Q2 revenue of $30 billion. The "sell the news" event had traders taking profit as the market preps for a Q4 tech & crypto rally.~This episode is sponsored by iTrust Capital~iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul00:00 Intro00:22 Sponsor iTrust01:18 NVIDIA earnings03:49 $NVDA price dropped even though expectations were met05:30 NVIDIAs challenge ahead08:55 AI Tokens dip10:00 How low can BTC go?11:03 Fear & Greed11:29 Bitcoin unlikely to rally before elections13:00 Trump to announce plan for crypto14:30 Is Gensler helping Trump?17:00 What rate cuts mean for stocks?18:11 GDP beats estimates18:48 Credit card debt continues to rise20:22 Outro#nvidia #crypto #AINVIDIA CRUSHES Expectations

Andy Jassy freut sich über die Reduzierung von 50 Entwicklertagen auf wenige Stunden bei der Upgradezeit für Java-Anwendungen. Warum glaubt Klarna noch weiter sehr viele Leute entlassen zu können? Cerebras Systems hat einen neuen KI-Inferenz-Dienst gestartet, der laut dem Unternehmen 20-mal schneller als vergleichbare cloud-basierte Dienste mit Nvidias leistungsstärksten GPUs ist und deutlich niedrigere Kosten pro Token bietet. Tether, das Unternehmen hinter der gleichnamigen Kryptowährung, investiert angeblich laut WSJ mit Hilfe von Christian Angermayer in scheinbar unverwandte Unternehmen wie Northern Data und BlackRock Neurotech. Werbung: Melde dich jetzt an zum Webinar von LIQID: „Warum Profis auf Venture Capital setzen“ am 7. September um 11 Uhr. Philipp Glöckler und Philipp Klöckner sprechen heute über: (00:00:00) Intro (00:09:30) Klarna (00:22:00) Nvidia Friede Freude AI Kuchen (00:35:00) AI Einsatzgebiet Andrew Jessy Amazon Q (00:40:10) Tether (00:44:30) Uber FSD (00:45:20) Yelp (00:47:00) Reddit (00:55:35) Crowdstrike (01:00:45) Salesforce (01:04:00) Birkenstock Shownotes: Klarna: Handelszeitung, Tech.eu, Pips LinkedIn OpenAI Funding: WSJ Cerebras: X, Siliconangel Angermayer Tether: WSJ Uber FSD: Reuters Yelp: The Information

  In this episode of the Market Call Show, we're discussing mastering long-term investing and balancing risk and return through strategies like adjusting asset allocation over time. With large-cap sell offs recently, we highlight opportunities in small-cap stocks and look at the fundamental analysis of these businesses.  Drawing my experience as a portfolio manager, I'll share some of the tools I've used, like quantitative analysis that can help safeguard your hard-earned capital before uncovering economic sectors with untapped potential, such as property and casualty insurance.  Wrapping up, we dive into way you can optimize outcomes by staying grounded in market turbulence, making increment adjustments, and embracing diversification across sectors and investment styles for stability.    SHOW HIGHLIGHTS I discuss the importance of long-term compounding and protecting investments during market volatility, advocating for a balance between steadier and more volatile investments in portfolios. We talk about recent market trends indicate an overvaluation of large-cap companies, suggesting that small caps may offer promising opportunities for investors. Emphasizing the significance of risk management, I draw on insights from my book, The Financial Freedom Blueprint, to highlight the necessity of sound economic principles and fundamental analysis. Investment expert Jim Rogers is cited, stressing that no single asset class is perfect and that a thorough risk assessment is essential for aligning investment goals with risk tolerance. I explore the strategic investment approach within the property and casualty insurance sector, recommending a blend of active and passive strategies for a diversified, all-weather portfolio. The importance of probabilistic thinking and incremental strategy adjustments is highlighted as a means to navigate the financial landscape successfully. Small-cap companies are identified as having rising potential, with quantitative analysis being a useful tool for building well-balanced portfolios. Fundamental metrics and scoring methodologies are recommended for better investment decision-making, rather than relying solely on indexing. I stress the need for a steady pace in investing, focusing on long-term fundamentals rather than reacting to market volatility.   PLUS: Whenever you're ready... here are three ways I can help you prepare for retirement:  1.  Listen to the Market Call Show Podcast or Watch on Youtube One of my favorite things to do is to talk with smart people about investing, financial planning, and how to live a full life.  I share this on my podcast the Market Call Show.  To watch on Youtube  – Click here   2.  Read the Financial Freedom Blueprint:  7 Steps to Accelerate Your Path to Prosperity If you're ready to accelerate your path to prosperity, the Financial Freedom Blueprint lays out a proven system for planning and investing to secure your financial independence. You can get a personalized signed hardcover copy – Click here 3.  Work with me one-on-one If you would like to talk with me about planning and investing for your future. – Click here       TRANSCRIPT (This AI transcript is provided for reference and may contain errors) Louis Louis Llanes. Here I am going to be discussing and riffing on something that I haven't talked about in a while, and that's protecting your money. Today I was looking at the market and we saw a pretty good sell-off one of the worst sell-offs we've seen in quite a while and actually what's happening is to be expected. It's something that I've been talking about. I've been talking about how the valuation of the larger cap companies many of the companies that have been the darlings have really gotten out of whack, really, and we're starting to see a correction. I was talking to a friend of mine and I was telling him about how I saw small caps being a relatively good opportunity. I think there's a lot of skepticism out there sometimes when you have these big locations in the market, and it's understandable, because it's easier to follow the crowd. Following the crowd is something that we naturally have an instinct to do, especially when it comes to investing. One of the worst things that we ever want to do is to be in a situation where we feel like we're missing out or kind of the phone feelings that we can have that really create a feeling of angst when we see certain investments going up One of the things that's interesting about the investment world, at least in the public markets, is that you see marking up and increases in values happening slowly, and then, whenever you have a correction, it tends to be quicker and some people feel surprised by that. So, as a long-term investor who is focused on the economics of investments for the long run, based on cash flows, we can have periods of time where there's a dislocation or there's a disconnect between what we're seeing in the markets and what sound fundamental analysis would indicate you should be doing, and during those times it can be very challenging for investors because it's very easy to make decisions that are not based upon the long term. And in fact, many times, as a professional investment manager, we feel pressure, and I feel pressure from clients who are saying wow, maybe you're out of touch or maybe you don't understand what's happening. Maybe you're out of touch or maybe you don't understand what's happening, and you have to explain that these things are not one to one, but over time.  Good, sound investing requires for you to compound over time and to think rational, long term, and I think we're in a position right now where many investors have just been indexing, which is something I've been talking about, kind of ad nauseum indexing, which is something I've been talking about, kind of ad nauseum, and whenever you have a situation where indexing seems to be the best and only thing to do, inevitably it is not the best thing to do in my opinion. Now, I have nothing against indexing. I think indexing has its place and should be part of a strategy. But, on the other hand, if you want to have above average rate of returns or if you want to have returns that on a risk adjusted basis that can weather a lot of different environments, it's better to have a fundamental approach where you're really looking at the economics and the cash flow to the economics and the cash flow. So I wanted to talk a little bit about stuff that's been on my desk and how it relates to, I think, what many high net worth investors are dealing with right now in terms of just making decisions for capital that are coming in from various sources and being in a position to protect your money.  So in my book, the Financial Freedom Blueprint, in chapter four, I wrote a chapter called Protecting your Money and one of the things I say on there and I just kind of quoted Benjamin Graham who says Wall Street has a few prudent principles. The trouble is that they are always forgotten when they are most needed. That is probably one of the reminders I think that we need right now is what's most needed right now in terms of a principle is that the value of an investment is the present value of its future cash flows over time, and if you get too far away from that, then you will tend to have problems, and we've lost sight of that, I think, as investors you know because of for many different reasons. So, in the world of finance, risk management separates the winners from the losers, and it's more important to really, now more than ever, that you select your investments based on the fundamentals, and risk management requires you to have rules to size your investments. So I'm going to talk a little bit about sizing investments for high net worth investors and what that means to you, and thinking about your positioning. The most important thing is that your exits when you exit an investment or reduce your positions, your exits when you exit investment or reduce your positions and when you actually are attempted to break rules how to get your mind in a position where you can really work for the long run and be focused on the long run and redirecting your attention, and you know, we all want to say that we're rational, we all want to believe that we are rational creatures, but we really are emotional creatures, no matter who you are. So the biggest challenge is to stay rational.  One of the ways that you can look at risk is volatility, which is just basically how much movement up and down various investments have. That is a it's a useful way of thinking about risk when you're coming from a fundamental standpoint. It's really not the risk that is the most important. The most important risk would be the chance of losing money based on the difference between where the market is pricing an investment now versus where its intrinsic value is its underlying value based on cash flows. The problem with the concept of intrinsic value is it's not a science, it's not something that you know with 100% certainty, so it's really something that you have to estimate within range and within reasonableness. So it's really more about reasoning, and when you have something that is obvious, or more obvious, that there's a difference between price and value, that's when you should be concerned, and so that's one of the things that I wanted to talk out.  So the question is does buy and hold make sense? Well, I think buy and hold does make sense as long as you're owning investments where the quality is such that there's a strong competitive advantage. So for most importantly with stocks. So if you have a company that has a strong competitive advantage with their competitors high return on capital then obviously that buy and hold is a good thing to do. It can get ahead of itself and be above intrinsic value and maybe you wanna not invest as much future capital into it. And then times when they come down in value those high quality investments that have good competitor advantage then you want to add to those and it takes discipline to do that.  So one of the things that a gentleman by the name of Jim Rogers you may have heard of him. He used to work for George Soros. He worked in the George Soros' fund as an analyst. He was a very solid analyst. He said do not buy the hype from Wall Street and the press that stocks always go up. There are long periods of time when stocks do nothing and other investments are better.  So there is no perfect asset class. I had a conversation with another friend of mine who really likes real estate and I always say that when I'm talking to her because I hear about how great real estate is, and I'm just thinking about all the times that certain real estate projects can be problematic and so there is no perfect asset class. It goes down to valuation. So protecting your resources, I think, is really important right now. Making up a loss that is big, it's harder to recoup because percentage losses you have to gain more on a percent basis to make up a certain loss. So, for example, if you're down 50% on an investment, then you have to go up 100% just to break even. So part of the idea of long-term compounding is having investments that have more steadiness to them over the long term. Or, if you have investments that are more volatile, to have them sized in a way to their impact, so their impact is smaller to the portfolio.  So in my book, one of the things that I say is that there's a few risk principles that I found to be very true. Number one is never take more risk than your finances can withstand. And the second rule is never to take more risk than you cannot psychologically endure. In other words, if you're going to capitulate when an investment is not doing well because you've taken an investment that you psychologically whatever your makeup is you just can't deal with it, then you're gonna surely lose money because you'll sell out at the wrong time. And my third rule is always to match your goals to your risk tolerance. In other words, whatever goal that you've set for yourself, make sure that it incorporates what your risk tolerance really is and match that.  So when I look at a risk profile, it's kind of like a triangle, where at the top of the triangle there's your tolerance for risk that's really psychology and then on one side you have your risk requirements. So you might have a minimum amount of risk that you have to take in order to get a return that you need to make, and that's something that is just about rock bottom minimum risk that you must take. And a lot of people sometimes get in a situation where the minimum risk that they need to take in order to achieve a certain return you know they're not unwilling to take. And what I mean by the risk in this context is just short-term movements, temporary movements. You know you have to be able to think long-term in terms of that. And then you on the other side of this triangle is risk capacity, and that is kind of the maximum risk that your finances can actually withstand. So you know, having some kind of a sense about those three things can really help you when you're exploring your risk profile and protecting your capital.  So step one is to perform a risk assessment really and look at what kind of risk profile you really truly have. And once you've done that, your risk capacity rule is never to take more risks than your finances can withstand. And then your risk tolerance rule number two is to never take more risks than your finances can withstand. And then your risk tolerance rule number two is to never take more risks than you could psychologically endure, which I had talked about. And then your risk requirement mismatch rule is if your risk tolerance is lower than your risk requirement, you should consider adjusting your goals to be more realistic. So once you've kind of assessed your risk, then I really think about really determining your key metrics that you want to look at in terms of risk.  And for me as an investor, when I'm thinking long term, I'm thinking about the types of investments that I want to hold that are likely to have the risk characteristics that I'm willing to hold on to and in order to achieve a good return. And to me, a good return is where you're able to return above the inflation rate and you're able to be compensated for the amount of risk that you're taking, but also to have more of an understanding about the economics of the business, makes sense, and so when all of those things are together, well then you can feel more comfortable in what you're doing. So there's all sorts of statistical things that you could do with risk analysis if you will, and there's all sorts of programs that people will show and all that, but when you really look at it from a long-term perspective, you cannot untie the economics of the underlying investment cash flows. You can't untie that from your risk profile. Really. That's really how it's really related to so when you construct portfolios.  And so why am I talking about all this stuff? Mainly because I think we have lost sight of the long-term fundamental analysis and we're starting to see that correction happen, where investments are moving into more industrial companies, into some of the tech companies that are more solid, or some of the companies that are in other financial industries that make some sense, even international companies. We're starting to see that happening. So it all boils down to the economics of these investments. So I was just thinking about how that ties into various stock strategies. So one of the things we do for high net worth clients is we invest in a wide variety of investments, but in the smaller cap realm that has been of more interest lately because of the valuations and there are a lot of small companies that are not making profits right now, so you have to avoid those. So buying the small cap indexes are not quite as attractive then as being selective, in my opinion, and that's really basically always the case. But in particular, there's a lot of opportunity in smaller companies.  One of the things that I do is I do quantitative analysis, where, through powerful software packages, we could look at the various ways to construct portfolios using fundamental analysis and we can look at a lot of different factors and look at different ways and simulate different portfolio strategies to see the impact on portfolio results. And one of the things that we see consistently is when you apply fundamental metrics on more inefficient areas in the market, like smaller and mid-cap companies, you tend to have outsized returns. You tend to have returns over the longer term that are better than buying kind of the tried and true that everybody knows and so you know over the long run. That is something to keep in mind and in fact, if you want to have outsized returns, I think it's really important to be able to not always be looking where everybody else is looking. You have to be looking in places where they're not, where most people are not looking, and I was just looking at various factors in the smaller cap area that have been doing well.  I always take a lot of notes when I'm doing these things and because my goal is for our clients to compound over time and not to stick our neck out right, there's always movement in stocks, but when you look at the factors that make the most sense, one of the things that always comes up has to do with earnings. Basically, you know what are earnings doing and you know. One of the areas that I like to look at because it really, you know, historically has contributed a lot to returns is what's happening with the revisions of earnings. So companies that are tending to do better right now the earnings are being revised upwards, and so we have ways that we can actually scorecard and do what's called factor analysis and look at ways to actually identify companies where their earnings are being revised up and also that we're seeing that there's a surprise in the earnings. So the earnings were expected to be, say, $1 a share, but they're coming at $1.20 a share. That would be an upward surprise. But they're coming at $1.20 a share. That would be an upward surprise. A revision would be the analysts are saying, okay, well, we thought they were going to earn $1, but now we think they're going to earn $1.20. So they're starting to move them up.  So those factors can help as well. As the variation in the earnings estimates is a valuable indicator. So if too many analysts are all over the map, somebody thinks a company is going to earn a dollar a share, no one thinks it's going to earn 10 cents a share and there's a lot of variation. You know that is actually, should be, actually. You should actually, I guess, handicap for that if there's a lot of variation there. So somebody's calling me right now, so I'm not going to answer it obviously, because I'm doing a podcast right now. So those factors tend to have a lot of value when you're looking at developing strategies.  And another, it just has to do with the quality of companies, you know, and there's various angles that you can look at. One angle you can look at would have to do with the profitability of a company. You know. Are their gross margins strong compared to their assets? Are their gross margins strong compared to their peers? Are your capital efficiency ratios strong? In other words, for every dollar of capital that we invest in this company, that the company invests, how much revenue or profits are they able to generate? So if it's a highly capital intensive company, you know you'd want to handicap that company versus another company. So having high capital efficiency, high profit margins and then having those a solid growth plan or growth profile like I had mentioned, the revisions and the upgrades and the low variability and estimates things like that that tends to help companies. In particular, if you compare how companies that have these characteristics do with larger companies compared to smaller companies, there is a spread historically that you've seen between the performance of these types of investments. So you know how many positions you own and how you construct a portfolio is a huge part of your success as well. But it all starts out with what are you going to invest in.  So one of the things that I like to look at are companies that have this competitive advantage that we talk about and you know it's kind of a cliche, but it is a very real, important part of stock investing and company investing. But the idea of competitive advantages is are they earning above average returns on capital compared to their peers? Do they have some moat around their business that is going to allow them to maintain that? Or there's some preferential client or customer preference that is allowing them to keep that? Or do they have some other barrier to entry or something like that that's going to keep their margins solid? No company has an infinite competitive advantage.  But recently I've been thinking about companies in the property and casualty insurance. They're able to raise their prices in an environment like now and it's been a very good investment as of late, and there's times when people just kind of forget about them, but then you know they all of a sudden. It's like wow, okay, yeah, these are. That's a great business, you know being in the property and casualty insurance business, but anyhow. So the reason why I'm bringing this up is because when you're focused on these types of factors and not just indexing per se, I think you have an advantage and if you have a definite way, one of the things I like to do is to have a kind of a ranking or scoring methodology based on these factors, and the more attractive these factors are the more you invest in a particular investment are the more you invest in a particular investment. And there's various ways that you could do this.  But having more investment in those more attractive companies and making your weights more related to the fundamentals, in other words, having more or less based on the fundamentals, you know, allocating more or less capital based on that versus just a market cap weight. Just, you know, market cap weight is very efficient because it's kind of the collective wisdom of the entire marketplace moving the relative weights. And that's one of the beautiful things about indexing. And whenever you have a very rip roaring bull market, it's very difficult to beat an index mathematically, just because of the efficiency of the way it's calculated. So I have no problem with that. There's a time and place for that, I think, when you have more challenging times.  Being selective is more important and you can in my way of investing, and what I usually recommend as a reasonable way to think about it is to have an active component to your investment strategy as well as a passive component, but not to get overly enamored with passive investing or active investing. If you're going to err on being over enamored, I think it's better to be overly enamored with diversification and strategy. Diversification in a way that is kind of all weather, so that you can invest across various styles. So you know it's interesting because when I was thinking about another conversation I was having with a client and you know there are always many people want to have this definite kind of view. They want you to have a definite view about a specific outcome and I think probabilistic thinking is hard for some people. But I think that is the right way to think about investing and saying it's like handicapping, it's like handicapping horses or if you're into handicapping football teams or baseball players, it's the same kind of concept. It's like money ball. So you basically are working at the probabilities and when you have something that is a fat pitch and that really makes a lot of sense right now, it's important to really allocate priced for perfection right now.  But getting back to these factors, and the reason why I'm bringing this up again is because this is about protecting capital and one of the ways you can protect capital is not by being super defensive with all of your money and throwing it all under the mattress, but you want to keep your money compounding right and accept the fact that you're going to have variability in investments. It's really important because if ever, if you always want to lower your variability right after something has gone down, you're definitely going to be losing and you're not going to do as well as you should. But having more of a steady pace and then to think, make your investment decisions not based upon the vicissitudes of up and down, but more about the fundamentals, then you wind up doing a lot better. And sometimes it doesn't feel good when you're doing that, because there's a difference between what everybody is saying in the media versus what you have to do as a solid investor for the long run. So, as I'm looking at these various strategies, the thing I wanted to bring up was the smaller companies tends to do well. So, as I'm looking at these various strategies, the thing I wanted to bring up was the smaller companies tends to do well.  So many investors are all in the same stuff. They're in the NVIDIAs of the world and all that, and maybe not enough in some of the smaller names that make more economic sense. And then also many people are in large companies that don't have enough competitive advantage. These companies, maybe they're on a tear right now, but they have no competitive advantage. There's other entrants that are coming in, and it's a commoditized business. It's just a business that right now is doing well for some reason, but it's likely to be cyclical and to likely not do well in an economic downturn. And so many.  I think it's important to emphasize more large, larger, medium-sized companies that have a wide boat around their business that you can take reasonable investments in rather than just owning the indexes. And then the other thing I would point out is that there's other investments that are really not related in the fixed income market I think that you can take advantage of, and having some dry powder does make some sense. And just because when you're making these strategy adjustments, it's good to do things incrementally, not to just make massive, drastic changes. So obviously it depends on where you are, but if you are in a situation where you know maybe you just need to do some tweaking to the portfolio so that you could have a better outcome in the long run, and I've been telling people that right now it's time for us to you know, financial planning is important, but right now is a good time to be thinking just about your investments. Get down, roll up your sleeves and get in deep with the investments, not just kind of precursory. You know this. Here's my little pie chart and I'm going to have this.  No, I'm saying what makes economic sense and think bottom up and think diversification and think about, not defense. You want to be on offense all the time but you want to manage the risk as you play offense in a market really always because the key is to keep money compounded, because it's very difficult for you to time a bottom and one of the biggest parts of the returns happen after you've had a drop. The acceleration after a drop is usually much higher than as you're kind of easing your way up and most people miss out on those accelerations because they are trying to time things or they get too aggressive after a move has already been up. So we've had a big move in the equity markets recently, and it wasn't that long ago when we had a little bit of a downdraft and there was nervousness everywhere.  So my challenge for investors today is to stay level-headed and stay focused on allocating your capital based on the economics of what's going on with your investments, and staying with that and not being really about it and thinking more like Benjamin Graham talks about Mr Market. Mr Market is sometimes going to be your friend and it's going to hand you an investment on a platter with a great price and it's a good company. And then other times, and usually when everybody is super excited, mr Mark is going to be over exuberant and be just bidding up stocks and you should be trimming back from those companies and putting them into other things. And that's really the message that I have today, and I really think it's a timely message because, you know, based on not only today's market action but the fact that we've been seeing these trends, you know getting fairly frothy for a while, so it's time to really get back to basics, and so I guess that would be really the title of this presentation here, this podcast, is to get back to basics and to make economic rational decisions for your allocation of capital and not be in a position where you're chasing anything.  All right, that's it for today. I'm in Texas right now and I'll be here for a while just wrapping up some things here, but be back in Denver soon. This is Louis Llanes signing out for the Market Call Show and we'll talk to you later, take care.  For the latest episode of the Market Call Show. Make sure to like, subscribe and follow us on X, formerly- known as Twitter and YouTube.   

In der heutigen Folge von “Alles auf Aktien“ sprechen die Finanzjournalisten Moritz Seyffarth und Nando Sommerfeldt über den Zahlenhagel an den US-Börsen, mit Microsoft, AMD und PayPal. Außerdem geht es um Sartorius, Deutsche Bank, Siemens Healthineers, Henkel, Airbus, Crowdstrike, Merck & Co., Procter & Gamble, Arista Networks, Porsche, VW, BMW, Mercedes, Alphabet, Baywa, Nucera, Salzgitter, Conti, Sixt, Uniper.

  In this episode of the Market Call show, I sit down with Jason Meshnick, a market maker turned fintech pioneer whose intriguing career journey has taken him from the bustling trading floors of the early 2000s to the cutting edge of AI in finance. Jason recounts his winding path from a philosophy major in small-town Poughkeepsie, New York, to becoming a Wall Street trader and, later, a leader in tech for trading. We explore his transition to automated trading as floors shifted online trader jobs contracted and his move into roles in finance education and media. Jason offers a captivating look into the evolution of markets and trading strategies, from the dynamics of floor versus electronic exchanges to analyzing sentiment shifts through media platforms and tools like CNN's iconic Fear and Greed Index, which he helped develop. Across various sectors of finance, Jason's experiences highlight the human element alongside technical progress.   SHOW HIGHLIGHTS Jason Meshnick talks about his transition from being a market maker on Wall Street to becoming a fintech expert. We discuss the changes in trading desks from the early 2000s to the present, emphasizing the shift towards automation and a reduced number of traders. Jason describes his unconventional career path, moving from a philosophy major to a Wall Street trader, and his eventual move into fintech. Jason shares insights into the development of CNN's Fear and Greed Index, including the collaborative efforts and practical constraints faced during its creation. We explore the shift from floor trading to electronic markets and how enduring principles of market trading continue to influence career paths in finance. Jason recounts his personal and professional journey, including his move to Boulder, Colorado, and his involvement with the CFA Society. We dive into the intricacies of building decision trees for financial data analysis, comparing their transparency and reliability to large language models. Jason reflects on his editorial role at TheStreet.com and the importance of market sentiment analysis in shaping financial media platforms. We discuss the role of experience and a deep understanding of market nuances in successful investment strategies. Jason explains the seven indicators used in CNN's Fear and Greed Index and how this tool helps both sophisticated and retail investors make informed decisions.   PLUS: Whenever you're ready... here are three ways I can help you prepare for retirement:  1.  Listen to the Market Call Show Podcast or Watch on Youtube One of my favorite things to do is to talk with smart people about investing, financial planning, and how to live a full life.  I share this on my podcast the Market Call Show.  To watch on Youtube  – Click here   2.  Read the Financial Freedom Blueprint:  7 Steps to Accelerate Your Path to Prosperity If you're ready to accelerate your path to prosperity, the Financial Freedom Blueprint lays out a proven system for planning and investing to secure your financial independence. You can get a personalized signed hardcover copy – Click here 3.  Work with me one-on-one If you would like to talk with me about planning and investing for your future. – Click here TRANSCRIPT (AI transcript provided as supporting material and may contain errors)   Louis: Jason Meshnick how are you? Jason: I'm doing great, Lewis. It's so great to see you. Louis: I know I'm so glad to finally have you on the podcast. You know, just knowing you for so many years and you know, knowing that you have so much knowledge out there with regard to investing and just your overall creativity, I had to have you on and I'm so glad that you came on. Jason: Well, and one thing as you know from from our relationship, I've always gotten so much out of talking to you and I always learn something just through our conversations, and I feel like by the time this podcast is over, I will have five new ideas to to go after and try to figure out what to do, how to make them all reality oh god, I hope so, I hope so. Louis: it's all about the ideas you know exactly. It was funny. I asked you to send me a send me your bio and I've known you for a long time and we met years and years ago at a CFA meeting I think we were both on a board for the CFA Colorado or Denver chapter and and since then we've worked together in many capacities. But I didn't know a lot of things about you that I should have known just reading your bio. I knew that you spent 20 years in the fintech world and I didn't know that you were also working on some AI investment analysis, which I'd like to learn more about, and that you really have a lot of passion for educating. And I guess your coworkers asked you to write a newsletter. I had no idea about that and you know now what is this about. Vampires are rich. Why are vampires so rich? Jason: That was one of my favorite things that I wrote. Yeah, if you want to cover that now, we can, or we can talk later. Louis: I think we'll circle back to that, but I was a little what's that about. But yeah, and now you're doing some teaching at CU Boulder, teaching finance. We've done a little bit of lecturing together at the university level DU and things like that and I've always enjoyed watching you teach because you seem to captivate the kids. Well, they're not kids, they're young adults with your style. So I'd like to learn a little bit more about what you're doing there. And you are a Wall Street trader and market maker and there's a lot of things that you know about microstructure and investor psychology that I want to kind of touch on too. So, but the big thing is understanding that you were involved with the CNN, that popular feed and fear and greed index back in 2012, I guess that was put together. So I don't know. Maybe what we could do is talk a little bit about your background. I mean, I kind of covered it a little bit, but just maybe you can tell me a little bit about you know, share with the audience, your you know how you got in this business and kind of what's been your progression in this business. Jason: Yeah, so my guess is that everybody says this, but I came to it from a slightly different path, not that not that, you know, I didn't get out of college and immediately go to Wall Street, that's. That's a pretty normal path, right? But I was a philosophy major and I'm far from a philosopher. But I think what I took away from my undergrad as a philosophy major was just sort of a way of thinking, right, as opposed to being sort of a business person thinking only about money, it's more about thinking about other kinds of things and things that drive people and being able to draw from communication and trying to understand what people think and how they think and why they think, and I think it was one of the things that really fascinated me. Also, being a child of the 80s, you know Wall Street was so important. There's so many movies about it, right from from the Wall Street movie to I don't know. It seemed like every other movie that came out was about how to make millions of dollars on Wall Street, and so, of course, I wanted to be part of that. Having grown up in sort of a backwater, poughkeepsie, new York, I always wanted to go live in the big city, yeah, so that was sort of my start, was coming at it from kind of a weird direction and I ended up immediately going to work for well, a firm that no longer exists for a couple of reasons, but it was the trading arm of a New York specialist firm. So the specialists were downstairs on the floor of the New York Stock Exchange and my boss was one of their customers and he just worked upstairs in their clearing division and he was trading his own money. He had been a floor broker for 20 years, owned two seats, sold his seats, did pretty well on them, and then decided that he was just going to live the rest of his life as a trader. He brought his son in and then eventually I was working as a runner so you know fourteen thousand dollars a year and just wanted exposure, just wanted to be part of the action. Right, I love the action. I was so excited about just being there, the history I love the history of things. Um, I probably should have been a history major and so, just being in that environment, I ended up getting picked up because I was. I was pretty cheap, right, so they didn't have to pay me much and I ended up working and really falling in love with being a trader and learning about how the market worked and how floor brokers could help make these trades. We had a network of 20 floor brokers across the New York Stock Exchange and what was then called the Amex, and some of the regional exchanges too, so that we could trade and we'd strategize every morning and then make our buy and sell decisions and then, throughout the day, update them as needed. I'd like to say that we were the high frequency traders of the time, even though our frequency wasn't that fast, but we were sitting on both sides of the bid and the offer. Louis: Boy. Jason: times have changed, huh offer Boy times have changed huh yeah, I mean that's yeah, I like to say. When I, when I started in the business, there were people there who'd been on the floor in 1929. And so much of the floor of the New York Stock Exchange looked the same as it did in 19,. You know, if you, if you were to go, take Jesse Livermore and drop him, you know from 1929 and just drop him on the floor in 1992 when I started, he'd have been like I don't know what these TV things are that are all around. He wouldn't have even had that word, but otherwise he'd have been able to run into a crowd and know exactly what to do. And by the time I left in 2002, well, there wasn't even a crowd, right? I mean, everything was different about the floor of the exchange. I was a market maker on a fully electronic stock exchange, so the principles were all the same, but everything else had changed. It was so different. Louis: Oh, that's a big part of what I wanted to talk to you about that the principles are all the same. So, because I was just listening back to some of our, or looking back at some of our conversations just to prepare for this, and we've had a lot of conversations in the past where you were really outlining like I want to capture what I saw, those principles that I saw on the floor, and I want to capture them today and that's kind of driven a lot of things that you've done. So maybe maybe you can tell me like just a handful of what those principles are that you've noticed are like still the same now that probably will never change. Jason: Well, so I'll caveat this by saying I've been out of the markets for a number of years, right, so I left, I left trading in 2002. And then I was still, you know, still kind of a pretty active trader, investor for the next 10 years or so. But then life gets in the way and I'm just very busy, and so I've sort of shifted my focus in a number of ways and I'm honestly really interested in analysis now and thinking about market sentiment and what investors are doing and how investors think about the market. And I now, when I trade, it's opportunistically right, I'm not in there every day, I'm not trying to make eighths or even pennies. Louis: I guess we should probably. Oh, I'm sorry to interrupt you there. Jason: Go ahead. Louis: I was just gonna say I guess we should probably back up a little bit and talk a little bit about, like more about your career progression, because you moved into from trading into fintech and, and from fintech now to working at the streetcom for and as an editor, so, and which to me makes a hundred percent sense. Um, just from what I know from your talent, your talent stack, so maybe you can kind of finish that progression a little bit. So, to where you are now, yeah, sorry, yeah, totally. Jason: So my progression is really. I mean, there's there's a couple things that run through the entire thing and I think a big part of it is analysis and being excited about, about thinking about the markets right, about being being in some ways just part of the culture of it right. So that's been the big thing that's run through my entire career. But in 2002, my wife and I we weren't married at the time we were thinking about you know where will we end up, and we decided that we either end up in New Jersey or we could move somewhere that we wanted to live. So we did a search all around the country and decided we just sort of threw a dart at the at the wall and said Colorado seems pretty nice. So we ended up here in Colorado and it's been the best move. Louis: Man, that was a lucky dart throw. If you ask me, it's a lucky dart throw, I think. Jason: I think it was guided by my wife's hand. She may have said I'll take that dart and I'm going to place it right here just at the foot of the Rocky Mountains. So she'd been out here and visited and said Boulder is going to be the place where Jason will be happy and we'll make this happen. And so we moved out here without jobs. I quit my job as a market maker in June of 2002. And the market was changing so much at that time it was definitely becoming harder to make money, and so I was ready for a change. I was ready to do something different. You know, when I left, there were 10 traders on my desk and probably another 30, 20, 30 on our over-the-counter desk. And when I went back, seven or eight years later and I'll get to this, but when, when I was working in FinTech and I went back, visited my old trading desk, there were three people and a really large computer and, rather than taking directional bets on the market, they were doing arbitrage. And they were. They were, they were working the order flow and they were figuring out, based on the order flow, how long or short they were going to be. You know, sort of using quantitative methods to understand. If they felt the market was going up and they were going to end up being more short and more short, they would have to think about the Delta to the market and try to get long ahead of those people so they could be selling to them. So it became in some ways probably a much more intellectually engaging thing than just sitting saying, oh someone just sold me 1,000 shares, I have to get out of it now. You were thinking ahead of the market. In many ways it was really cool. I probably would have liked it a lot, but it just became a really different animal. It was much more arbitrage as opposed to directional trading, which is really what I knew. So we moved to Colorado without jobs and in doing that that's when I met you, lewis is. I was pretty engaged with the CFA Society despite not having a CFA I'll throw that out there. I'd also just finished my MBA at NYU. That counts. So, I think they let me in, but that was about it, and they let me even onto the board. Louis: Yeah, yeah, you're a very likable guy, so it was a pretty easy decision. They're like he doesn't have a CFA, but he's a pretty cool guy. We'll let him in anyway. Jason: I think he also said this is a guy that we can make do all the all the programming. We can make him call all the all the people that we don't want to call and try to organize meetings. And they thought I was an event planner, which it turns out I'm not. I'm just not a good event planner. My wife can tell you that Actually, lois, you did kind of the same. We were organizing all the CMT meetings. Louis: Oh yeah. Jason: Like, yeah, yeah, yeah, let's, let's go call some people, um, yeah, but so so it took a while and I ended up finding this job here in boulder, uh, for a company called wall street on demand and for those who are not familiar with wall street on demand, it has a new name um, it became market, uh, no, became wall street on. It was wall street on demand. Then it became market on demand once I, once market bought us and then eventually it became market on demand once market bought us, and then eventually it became market digital, when they decided that it was really time to think more broadly than just web and think broadly across all digital formats video, et cetera, and advertising. And I stayed there for 19 years. Where, louis, you touched on the AI side of what I did and so this is one of my big jokes is that I like to say that I was the world's most widely read analyst, if not the best, and the reason why I say that is because over the 19 years that I was at that company, I built something like I don't know 200 different. I call them only because of today's terminology and the way that people talk about markets now, about technology now. I call these AI related, and they really are simple. They're very much rules-based AI, so sort of traditional AI, not these large language models that we have now that are in some ways more sophisticated but really not as good. So what I was building were these big decision trees, and these decision trees were things where you would, using your financial knowledge, you would say, okay, I'm looking at some financial data around a company. What do we need to know? Well, let's start with the valuation. Is the stock what's the PE ratio? Is it a high PE ratio or a low PE ratio? How do you define a high PE ratio? Is a high PE compared to its average for the last five years, or is it the highest in its industry? Right, you can look at things cross-sectionally or historically, right, but both ways time-based or versus peers, and so we would do things like that and we would chop up the market and try to understand. You know which stocks were good or bad, but it wasn't necessarily for an investment perspective, right? This was because what we were doing was for the Schwab's and TD Ameritrade's and all those companies. We were building the news and research portions of their website, and so I and my team were providing that research, and so a lot of the texts that you would see on that site was completely dynamically generated. So, very simple, rules-based AI. And I say it's better than large language models for AI, because large language models you never really know what you're going to get. It's a bit of a black box, right. So what we could do is I would create text that was locked down. I knew exactly what it was going to say. I didn't know what the data was that was going into it, right, I didn't know if Apple had a high PE ratio or a low PE ratio, but I had rules around defining what was high and low. And so when I would go to the compliance departments at Schwab or TD Ameritrade or Fidelity, et cetera we worked with all the US brokers, many of the Canadian brokers, australia, others I would go to the compliance departments and they would say, well, how do I know that you're not going to say something silly or that's incorrect? And I said, well, I'm going to give you the entire decision tree and you're going to be able to look at the decision tree and understand what it says. So the only way that my model can be wrong is if I have a bug and there are bugs all over the internet, so I'm as fallible as anybody else, but we're going to do our best not to have those. And then, secondly, if the data is wrong and if the data is wrong, well it's wrong all over the website too, and we're going to fix that. But generally, 99.9% of the time, for 99.9% of the stocks, what we say is going to be accurate. It's going to be correct, it is going to be as unbiased as possible, because I'm not trying to tell you, as a value investor or growth investor or whatever, what you should do. I'm just trying to describe the various aspects of the stock. I wasn't there to give you a buy, sell hold recommendation. I was purely there to help you, as a self-directed investor, understand more about the stock, about the company. You know you brought up something that's really interesting about that. Louis: I mean, I have to. You know you're talking about large language models and it's a little bit of a black box. We don't really quite know, and you're dealing with these big decision trees, or you were at that time and it was traceable, like you could trace the logic which made me think, okay, we have data and the data can be right or wrong, and then you have the logic, and the logic can be right or wrong. And I think that's one of the things that I always have a little. I'm having a little bit of an issue with with some of the AI is the logic element of it, because you like how much of it is curve, fitting what is real behind it, so we could use it. I had a tech executive tell me one time that the big thing with AI is it can help us with speed and it can help us with accuracy if we use it correctly. But it's not necessarily like you still need human thought. You still need that ultimate human element to it. That's my personal opinion on that. But the fact that you were using decision trees early on, you know that and just to get information, that way you were speeding the process for the investor, basically. Jason: Right. Louis: Like they would spend a lot of time looking for all those things. But you systematically sped it up, which is a a big thing for and we and we all have that now that's and it's, there's just like different flavors of it, um, so, uh, it's, it's that whole. It's a whole. Nother topic we can get into a little bit later. But I, I, uh, I remember you talking about that when you were doing working on those projects, um, wondering where it would go next. Um, you know, as far as that goes, but getting back to your, getting back to your, your story, let's get back to your story. Yeah, sorry, keep getting off track. Yeah, that's okay, yeah. Jason: So while I was at that job I did, I did a number of things. I mean it was really, it was really an exciting job in so many ways. But the two big things that I did were really this you know, running the natural language generation product right. This thing we called it smart text, um, and so that's that ai thing. But then the other thing that I was so excited about was doing education right and and our. So this started back in 2006 or 7, um, I started doing brown bag lunches where I would just put together a presentation and teach our developers and designers and engineers all about everything they needed to know about investing, not so they could go out and make a million dollars, but rather so that when they were building the tools that we were all using, they understood their subject matter right, that they could be engaged with the topic and identify with the end user and really understand why a PE ratio mattered or why a chart mattered. Simple thing, like in design, you'll notice that there's a lot of white space on many pages and they talk about that as being good design. It's actually a really bad design for investors and the reason is well, depending on the type of investors, but for slightly more active investors, engaged investors, what they want is information dense things, and so I would help steer our design team to create things that were a little bit more information dense, an example being a chart, a price chart. You don't want to have to scroll up and down too much to be able to read your price chart on your Schwab account. You want to be able to type in NVIDIA and load up a couple of indicators that you want to see. Put your MACD on and then MACD is a lower indicator, maybe an RSI, maybe whatever Put those things on there and be able to, in one view, understand the trend, momentum, volume and volatility from that stock right. That was another thing that we did when we rebuilt Schwab's charts. I'm kind of proud to say that Yahoo actually stole this, but we broke the indicators out. Previous big charts started this. They said indicators are either separated out as upper indicators or lower indicators, and that doesn't tell you anything, and I'll credit John Bollinger. I learned all this from him is really you know, people should understand what goes into the indicators. They should understand as much of the calculation as possible, right, what the inputs are and what it's giving, what information it's giving you, right, and then separate those out into different sort of you know I'm using the term factors very loosely but into the different factors of technical analysis. So, is it trend, is it momentum-based, is it volume, volatility you can come up with others as well but, right, where does it fit? And if you're looking, if you put a bunch of indicators on a chart and it turns out that they're all trend indicators, well, you really have one indicator and so you're not getting a full picture. So go put some momentum indicators on there to understand the speed and whether the trend is about to be exhausted or not. So it's things like that that I really wanted to help both the end user of our products as well as the the, the person who was building the products, understand so. So I ended up writing for about three or four years. So we started that in 2007, but it was. They asked me to put it on hold after a while cause it was taking away from a lot of my work. And then, in 2018, our CEO came to me and she said you know, you used to do this, these brown bag lunches. I would really like it if you would just write. Just write a newsletter for the whole company. The question of the week, so Fridays. I'd ask the question, and it might be how many? How many stocks are there in the S&P 500? And I haven't looked at the number recently, but I think the number is still 501, right, it might even be higher, but there's only 500 companies in the S&P 500. And so that's the distinction. There's 500 companies, but some companies have multiple classes of stock that may be in the S&P. It might be 505 now I can't remember. I have not looked in a long time, but that was effectively the answer, and so it became just a really fun thing to write the answer, and so it became just a really fun thing to write. Yeah, so teaching people about vampires right, became a way of telling them. Why are vampires so rich? It's simple They've been investing for hundreds of years and so they've had time to let their money compound. Assuming that Vlad the Impaler, the first vampire, he was a prince. Let's just put a number on that $10,000 in today's money. What does $10,000 grow to over 500 years? It grows to trillions of dollars. And then, if you spend 1% of that every year, how much money are vampires spending? Today, vampires are spending billions of dollars. Vampires are probably supporting our economy. Louis: They've got to be the richest people in the world. It's like puts vampires, yeah yeah, it puts elon musk to shame, I mean really so maybe elon's a vampire yeah, you never know, maybe a little similar, I don't know. That's that's wild. Well, um, so you have this creative side to you. That's that's driven that. And then how did you get um, like, was it just a natural progression for you to do what you're doing now? Jason: or maybe you should tell us a little bit about what you're doing now yeah, so so let's get to what I'm doing now, because that's important and I know that, um, they'll be watching this and they'll they'll kill me if I don't talk about what I'm doing now, because they also really like it. Um, I'm having a lot of fun. So, you know, you go through ups and downs in your career and I definitely there were times when I absolutely loved trading and absolutely hated, and that might be the same day. I might love and hate trading. Louis: In. Jason: FinTech it was. I might love a year and hate the next year and, you know, love the next year for that. It was project to project and here you know right now what we're doing. So I work for I'm currently the managing editor of the street pro and so so you are probably familiar with the street. Jim Cramer founded it back in I don't know 1997 or 1998. It was really the first, the first and best of its type where you could come and get financial news and information. And then, not long after they started the street, they brought, they created something called real money where they brought in people like Helene Meisler and and Doug Cass and they would create something that was more of a subscription product but more of a newsletter, newsletter product where Helene would write top stocks is what it became and Helene would write her brand of you know market sentiment analysis and it was really great. And Jim Cramer left about two years ago and I've never met Cramer. I've heard him speak before but I don't know Cramer, don't know a lot about him. But I'll say this is a business that was 25 years old or is 25 years old now, and it's going through a lot of change. So we're trying to figure out what will it look like in the future. And one of the big things I love this I quote it all the time but Barry Ritholtz was one of our. I believe he was a street contributor at one point. Barry Ritholtz has gone on to become a Bloomberg contributor and have his own money management firm, but earlier in his career, I'd say, he made his name at the street, as did a lot of people, and so he calls the street the Motown of Finance and he says that the Jim Cramer was sort of this I think the name is Barry Gordy character who you know sort of larger than life in many ways, and he brought people in, brought people in and he made them stars right, and so we did the same thing, or he did that at the street, and so we're in the process now of trying to do that again. We have great contributors. They're all wonderful and they provide really great perspectives on the market, and sometimes they disagree and sometimes they agree. I asked a few of them to write about GameStop recently and it was really great to see the kinds of things that I got. But we want to get back and we want to make these people, we want to make our contributors, who are such great analysts, stars again, right. So we're trying to change a lot of things that we do in the business. In the past it was really Jim Cramer. The last five years, I'd say, jim Cramer became our number one star. I want Helene and Doug and Sarge and Rev Shark and I could go through the whole list Chris Versace I want them all to be stars too, and they want to be stars and they are because they're so good. So we're working at how we can do that, how we can elevate the content, not just to make the contributor stars, but really to showcase how good they are as we go and help more investors to be self-directed investors, be more successful in their trading and investing. And I say we have two different types of products, really Our value add. If you are a trader, a self-directed trader, you might spend your time on Doug Cass's community, right? So Doug has his daily diary. Doug's a hedge fund manager. He's out there from three o'clock in the morning. He's sending us stuff. It's crazy. The editors have to be there editing and putting it up from. They start at 5.30. So the editors are in there at 5.30 in the morning putting Doug's ideas up all the way through the end of the trading day, and then in the lower half of that page is a community where we have many, many people from the community, some of which I won't say any of their names, but some of which are fairly big names in finance and investing. We know who they are. On the site they really the community ends up feeding on itself and providing great ideas just among each other. There's one guy who talks a lot about cryptocurrencies. We don't have a lot of cryptocurrency content on the site. We're working, we're going to be adding some, but this one person alone actually provides some of the best crypto content I've ever written, and he's paying us right now, at least for now us right now, at least for now. And so the other products that we have. We have where you can get trading ideas or investing ideas. We have some people who are a little bit more technical focused, some who are more fundamental focused. We have one person who does really well providing dividend ideas. Another person is really great at more fundamental, value-based ideas, but then we have a whole portfolio. You can come to us and we have Chris Versace runs our pro portfolio, where we help investors understand not only how to put together a portfolio and they can just copy this entire portfolio but, the thing I love about it most, every week Chris writes a weekly update talking about what he sees in the market, what's coming up, economic things that are happening. But then he goes through all 30 holdings. He tells you the investment thesis you know I'm big on the investment thesis, lewis right, you should have a thesis, you should know why you're investing something and you should update it frequently. Right, chris updates the investment thesis every week. And then he tells you what his target price is and his panic point, his stop right, where he's going to realize that his thesis is incorrect and he's going to re-evaluate, probably sell the position. And then he just goes through and gives you sort of a weekly update and says, yeah, here's what happened in NVIDIA. Jensen Wan was out doing whatever he did. He spoke to these people. So that's what we're doing and the product is great and we're, you know, really excited. Now we have a lot of energy around what we're doing and how we're, how we're rebuilding, um, building I keep saying rebuilding like really we're taking what we had, which was a solid product, and we're just building off of it. We have, uh, later this month this will be the first time I've kind of mentioned this Um month this will be the first time I've kind of mentioned this Our marketing team doesn't even know but later this month we're doing a roundup, or we're actually calling it the quarterly call. So this will be the end of every quarter. Now we're going to have four of our contributors come on and really just talk about what they see in the market and have kind of a little panel discussion, and so that'll be really exciting, but it's things like that that we want to do. Louis: Yeah, it's good to hear the actual real time discussion, you know, because you get more color about it. But I love what you said about the Motown or the. Who is it? Who said a Barry Ritholtz? Jason: Barry Ritholtz. Louis: Yeah, I said that. I mean I thought I had so many like visions in my head because, you know, I'm a musician too and I I'm thinking about motown. I fell in love with motown as a young kid. My parents listened to it and the first thing that I thought about was that these, a lot of these people that were, uh, involved in motown, they were, they were completely isolated from the music industry. So so you know, you can find a lot of talent outside of, people that are like right in the mainstream of the music and of the Wall Street, kind of normative Wall Street. I mean you have to do something different really to be unique like that. And sometimes I think groupthink hurts Wall Street. In fact, I was just telling my wife this morning. I got out of the shower and I said you know what, in a way, wall Street is kind of like not even a thing anymore. Like you know, it's like I don't even think of Wall Street anymore as Wall Street. I mean last time I was there it didn't even seem like Wall Street to me. I mean it's still, it's still a thing mentally, but it's not. It's like I really think it's time for Motown. Jason: I think you guys are right in the thick of what we should be doing, because there's so many great thinkers that I run into who are not anywhere near the center of Wall Street, quote, unquote. So that's, yeah, one of the things I really want to steal comes from Chicago. So Morningstar in their quant reports. So if you have a Schwab account or any of these, they pretty much all have Morningstar's reports. These aren't the quant reports, I'm sorry, it's actually the ones that are handwritten by analysts, but on page I don't know two or three they have a module that says bulls say and bears say and they go through the bullish case of a stock and the bearish case of a stock, and that's something that I want to institute everywhere. Everybody should be with everything right. You talk politics, you should have a. You know what are the positives, what are the negatives. Whoever your candidate is doesn't matter. They have positive, they have negatives, that's right. You know your friends have positive, negatives. Like everything has a positive and a negative, and you have to look at both sides of the story, especially they say you shouldn't marry your investments Right. Know what the downsides are, Know what the risks are with everything you do. Louis: Wow, there's a lot there we could go into. Jason: I know yeah, as far as the no, no, not politics. Believe me, I mean we're staying away from politics. Louis: Yeah, we're staying away from that. You know, it's more like the I keep thinking of the narrative versus the numbers debate. I always say that I'm more interested in the numbers than the narrative. Like I start with the numbers and then go for the narrative and I think the older I get and the more I've seen, the more I realize that it's not the narrative necessarily, it's just understanding as much as you possibly can about what is true. It's hard to do and so much of investing is qualitative. You know, I mean you know my background. I do a lot of quant factor stuff and all that and that's really helpful in kind of keeping you honest. But at the end of the day, when I look at the stocks that have done really, really well for me, or macro trades like futures type oriented trades, it's been because I had some piece of knowledge and understanding about something that I just knew with a high conviction that was true and I stayed with it and it made a lot of money. So that is really hard. I don't think the quant sometimes leads you there, but it may not necessarily. It's not usually the end, like the end all be all, and a lot of times if you look at the best quantitative stuff it tends to turn over a ton. Right, it's like like momentum. Well, you know, you could say like, okay, I'm going to run momentum screens on stocks and the best parameter set is going to be me like turning over quite a bit. But then after tax and reality in the real world, you're really not making that as much as you would think, whereas you might find something that's gaining momentum that no one's talking about, like I bought not to talk about. I shouldn't talk about specific names right now, but there's a particular stock that I bought where I understood what was happening. It did come up in a momentum screen. It was a very small company at the time and then it just went ballistic. That now did I know it was going to ballistic? No, not to that degree. You know, I didn't think it was going to go up. You know 500% in, you know three months. But it's one of those things where you, if you know something, there's so much more to the narrative, so you go into the Motown aspect of things. There's value in that. We, we numbers are becoming a commodity, almost right. Everybody can get all these numbers and we can, we can move things around. Anybody can go on chat, gpt and, you know, pull, you know I get certain things. So I, you know, I don't know I'm becoming more of a qualitative guy the older I get. Is that that's weird? Jason: I have a theory on that. Let me know what you think. But I think that you are able to become a qualitative guy now because you have been a quantitative guy for so long and so because everything that you do there's, you know, there's a famous saying, it comes from consulting. I think you can't manage what you can't measure, and so everything that you've done as a quantitative person has been to measure, even when you run that quant screen and you get a list of stocks and you know that this list of stocks is going to turn over at the same time. You probably know well, this is going to turn over. But let's pick on NVIDIA. Nvidia is on the list right now and, because of these other things that I know through my experience, nvidia may come off in two weeks, but it's probably going to come back on in a month. I should just hold it Right, yeah, and so I think that you've spent so much time in the markets and it comes down to the word is experience. Right and that's why you hire a financial advisor. Or you hire, or you take a subscription to the Street Pro, or you want to get the experience of other people, especially as you're learning. Louis: Yeah, yeah. Jason: So now you can be. I was just going to say one thing. One thing is you can be sort of a core satellite where you can take your core investing, and maybe you want to be self-directed and buy a portfolio of ETFs, or you want to give that money to your financial advisor, give it to you, lewis, and then, with sort of the satellite funds, play money or whatever. You use your own experience Maybe it's in your own industry or whatever it is. You're trying to add that extra bit of alpha right and have fun maybe, but but keep yourself intellectually engaged. You have, you know, sort of the core of your portfolio over here and then kind of the rest of it where you can do things with as well. Louis: Yeah, I totally, I totally agree with that. So you know, this is just kind of getting me into this the fear and greed concept. You know you got involved with the fear and greed. I'm not, I'd like to hear the story about how you got involved in and what you, what you did in that. But when I think about the fear and greed index, I always think about that fish that's in the bowl and doesn't realize that he's in water and but you know, but if he steps outside and looks at he's like wow, I'm in water, right. That's kind of what sentiment is to me. It's like we're part of the sentiment, like we are, we're the observer. It's like the Heisenberg principle, like what we look at, we change, right, and that's sentiment, and fear and greed is kind of like a great overall, you know, easy to understand way of looking at that. But I guess I want to let's start off with your story, like how did you get into the fear and? Jason: greed project and what, what. What was your progression through that? So yeah, I mean, after coming from Wall Street, I'll tell a really quick story because I think this it's in it's in the article that I wrote too. But this story is a story from business school and I can't remember if the numbers are correct, but they're approximately correct and the timing is approximately correct. I was in business school, part-time, at night. I was working as a market maker during the day and then at night I was at NYU taking a class and this class was a valuation class and they asked us we had to come up with, we had to do a discounted cashflow analysis of a stock, and each group got to select whatever stock they wanted and I proposed to my group let's pick JDS Uniphase, because it was one of. It was the NVIDIA of its day. Oh yeah, hopefully NVIDIA will have a better future than JDSU did. But my group was all they said absolutely, let's do that one. And the stock was trading at I don't remember exactly, but probably about $165. Okay, and so we sit down and we do our analysis and we're doing discounted cashflow analysis and one of the big inputs to DCF is understanding the growth metrics right and forecasting growth. And forecasting growth means looking back historically, figuring out how fast the company has been growing and just saying you know, is it going to speed up or is it going to slow down? Eventually they all slow down. It will slow down, but you have to figure out how long that's going to take. So we did the analysis and we figured out it would slow down, I don't know, over 10 years or something. Something pretty reasonable, probably pretty generous as well, and we came up with a value Again. Remember the stock's trading at $165. We came up with a value of $2.25. And we looked at it and we said can't be, can't be. We learned in our last class the market's efficient, this is all wrong. I don't know. We did something wrong and so we went back and we now this time we went crazy. We're like this stock's going to speed up its growth. It's going to, instead of growing at 50% per year like it has been, it's going to grow at 100% forever. And we came up with a value of $225, right, and so the stock gets added to the S&P or maybe it was when they confirmed that it would be and the stock jumps to $225. It jumps to $235, I think was the high I sell my stock at like $225. Louis: And so we were right, that was a good trade. Jason: Good trade. And then we go and we present our research to our professor. And this is where it's really funny. The professor, who was so outrageously smart, could do any math problem in his head. But he's looking at us, he's laughing at us. He's like really, you think this thing is worth $2.20? We're like, yeah, here's the research, here's what we did. And he's just laughing at us. And then he says how could this company possibly be worth more than Apple? And Apple at the time was trading at $19, which, split adjusted, is probably something like negative 10 cents. And he said Apple has $16 in cash on its books and, whatever he's like, Apple is definitely worth more than JDS, Unipay. And, of course, this guy's probably retired on a private island somewhere. But what I took away from this whole story oh, and the other thing is we were right on both sides. We were right with $225 call because the stock traded to $235. And within two years the stock was trading at something like $2. So we were right on both ends. And so what I took from that was I'm not a great analyst and I'm not a great forecaster. I'm especially not a good forecaster. Okay, but what I can do is I can look at data and I can back into things and I can understand well, if I look at, if I calculate, if I back into, how do I get to $165 or $200 for JDS Uniphase? I look and I say, well, the market has really high expectations of this company and those expectations are nothing but sentiment. Nobody knows. Louis: I think that's all you need, though, jason, I actually don't think you need to be a great forecast Like that's really all you need. So, cause, if you know those extremes, you avoid mistakes, because the more I do this, the more I realize that's what it's about. You know, if you're going to put X number of units, and risk units if you will, in your portfolio, if you don't make a lot of mistakes and you compound reasonably, you're going to do great. It's just like reading. You know Warren Buffett always talks about read chapter eight and chapter 20 of the intelligent investor, which everyone should do, by the way. In fact, I'm set I send that book to clients and just say read this. You know that's what all it is about. I mean, that's basically what it's about what you just talked about right there. You don't really need to be a great forecaster. You just need to avoid a lot of mistakes and have a reasonable amount of diversification, not too much. And yeah, I mean you hear about people that have made like great calls consistently, and then the more you learn about them, the more you realize that there was something else part of the story. You know what I'm saying. There was another part of the story that you didn't really hear about, and a lot of it boils down to not avoiding mistakes, having discipline, risk management, things like that, but anyway, I got you off your topic. Jason: It's all risk. Yeah no, yeah, no, no, yeah, and it's. It's important to cut me off too, because I can. I can talk about certain things for too long, but I'll just. I'll just cut right to your question, which was fear and greed, yeah, yeah. And so how did I get to that? Literally, I, from that point in about 2000,. You know, I got much more interested in technical analysis and and, and I started thinking I'm not so much like a stock picker and I'm not so much into, you know, the MACD and the RSI. I'm much more quantitative. That's my interest in technicals. Technicals really helped me become more quantitative and more interested in looking at the big picture, understanding how to measure the big picture, and so I started looking at indicators and things that people like Ned Davis was doing. Right, I, I a big fan of Ned Davis, ned Davis's work. There's some other providers that were like that, sentiment traders Another one. I like all those, I like what they do and I started trying to replicate. You know, you don't know what their secret sauce is, although actually Ned Davis has a really good book. I'm looking at my bookshelf somewhere out there when Ned Davis's book is being right or making money. But then his chief strategist wrote another book where they actually go in and they tell you how to build a, build their, one of their sentiment indicators that has nine components to it. I was messing around with that, trying to figure out, trying to understand these indicators and understand the signals that they gave. And I hadn't around. That same time, cnn was one of our clients at what was then Wall Street On Demand and our CEO was out talking to them and he was talking to Lex Harris, who was their editor in chief, and Lex said you know, I don't know what this is, but I want to build something called the Fear and Greed Index. Can you help me? And Jim, our CEO, came back and he came to my team and he said so CNN has this kind of crazy idea. They want to build something called the Fear and Greed Index. What do you think has this kind of crazy idea? They want to build something called the fear and greed index? What do you think? And everyone on the team pushed away from the table. They're like what a bad idea. And I was left sitting there going they thought it was a bad idea. Yeah, they just you know they didn't get it. It wasn't what they do. I thought you were going to say mic drop. Louis: I literally thought you were going to say mic drop. Everybody said that's a great idea, let's jump on it. That surprises me. They looked at it. Jason: Yeah, they were like well, and they didn't know how to do it right. It wasn't what they were interested in. The team all had very different kinds of backgrounds, and I was the only one that had that more market-related background. The others were really more analysts Smart guys, great guys, but much more like. They could probably pick a stock better than I can, but they cannot tell you if we're in a bull market or a bear market. So I'm sitting there saying this is the greatest opportunity ever. And so they got me on the phone with CNN, with Lex, a day or two later, and we just started putting together ideas and Lex basically said look, I don't know what this thing is. You kind of know what I want to do. I just want something that really represents that quote that Warren Buffett says, which is you should be fearful when others are greedy and greedy when others are fearful. So what, what is that? What does that look like? And so I just went and built it. Luckily, they gave me Jim. Our CEO's son was also a statistics major at Yale, and so for his summer internship that year, he sat with me and we went through and took all the indicators that I had put together and we did a principal component analysis, which is really important because you want to make sure, just like we said earlier, when you're looking at a stock chart, you want to make sure that your indicators aren't all trend indicators or all momentum indicators. The same thing, we want to make sure that each of the indicators, within fear and greed, didn't step on one another right, that they weren't saying the same thing, or really just that they worked well together, that they were each complementary, right? There were a couple indicators that I wanted to include that just didn't make it for budget reasons. Cnn is a media company. Media companies don't have huge budgets these days, so I couldn't do things like market valuation, s&p 500 valuation, or we wanted to use the, because by this point, market had bought us, and so I wanted to use the credit default swap index and I could only get end of day CVS data, not intraday, and so it just didn't fit with what we were doing. Um, so there were, there were some indicators that we left out that really would have been perfect and, um, you know, later on I got I got to use for other purposes, but not for the fear and greed index. But I got to use for other purposes, but not for the fear and greed index. But yeah, right now you know the fear and greed index, the seven indicators that are there, we selected one that is purely just the S&P 500, right, normalized. So we understand if it's sort of fear, you know, fearful or greedy. But then we have two that are breadth indicators. So how broad is the advance or decline? And is that moving in concert with the market or against the market? Then we have two that are options related the put-call ratio and the VIX. And then we have two that are bond market related One that compares the spread and yields between low-quality junk bonds and high-quality investment-grade bonds, as that spread is tightening. You see that investors are, you know they're more, they're seeking out risk because they think that they can get better returns. And then the last one is where we compare the returns on stocks to the return on bonds over a 20-day rolling period, total return as well. So for all these underlying indicators we're using ETFs. So this is actually something that can be replicated by anybody, but there are a lot of mechanics and calculations that go into it on the back end which make it. You know, if you are going to calculate it yourself, you got to be pretty sophisticated and be and have a pretty decent data feed. Yeah. Louis: Well, I love that. You know that was put in a scale that made sense and a categorization that made sense. It almost kind of makes sense the way that you did. It is like extreme fear, fear, neutral greed, extreme greed. These are things that we can understand and this is, I think, one of your biggest talents, actually. I think one of your biggest talents actually. You know, like you had said, we were looking for, we did principal component analysis, but we were looking for things that worked well together and complementary. As a quant geek, I would have just said non-correlated, you know or not. I would have used like big, long names of there's some statistical names that are you know to describe, that are like really long and stupid, sounding like to make no sense. I love the fact that you like that, you, you that's the. That is a great skill and I think to be able to take something that is complicated and make it accessible was one of the biggest, I guess, wins from this and it also helps people understand themselves, in my opinion, like if somebody goes and they look at this and they say, okay, right now I'm looking at the website. It says I'm on cnncom markets, fear and greed. It says it's got a number 48 and it says we're neutral but kind of tilting towards fear. So tell me a little bit about, like, how you would interpret this. I'm an investor right now. Let's say I have a reasonably good sized portfolio. I want to grow my wealth, but I also want to manage my risk. How would I? What would I use this for? How would I think about this? For like, really, like practically, how would I use this? Jason: Okay. So what does neutral mean? And neutral is really that center zone of I don't know what it is right. So the first thing I'll ask you to do and I know users or people who are watching or listening can't see this, but in the upper right corner you can see where it says overview and timeline. So the first thing I want you to do is click on timeline, okay, and what you'll see is a chart of the fear and greed index for the last two years. And especially when we are in this neutral area and we don't really know what the overarching sentiment is, it's important to look back over historically, just like we said with the PE ratio. Right, you can look back and compare to peers, or you can say how is it versus history, and so what we see is this 48 is an increase over where it has been. But, more importantly, we're sort of in this weird consolidation period. Fear and greed is just kind of ticking up and down, up and down. It's not really doing much of anything. So, however, we have dropped from a level of greed right Back before April and I'm going to pat myself on the back. I don't write much about fear and greed. I'm going to start, but I don't write much about fear and greed on our site. I did post in one of our little communities. I said, look, hey, just so you guys know. You don't really know me, but I built the Fear and Greed Index and here's what I've been watching Fear and Greed. It has just broken down. I think the market's going to break down with it, and you know my timing was amazing and the next day the market broke down. So, yeah, good for me, blind squirrel. But so what I like to do is I like to look and see and look for patterns and try to understand what is it doing and how does it compare to the market. So a few things, all right. What really matters is fear tends to be good. What happens when the indicator goes into fear or extreme fear? What we see is that standard deviation of returns. So the volatility of the market increases, and I think we're talking about forward volatility too, not like a month out, but days out if you want to measure it each day and sort of see what's happening. Volatility is just high when we are in extreme fear and fear because investors are nervous. What happens when investors are nervous? Good time to buy, right. The other thing is greed happens a lot. Okay, and greed is not necessarily a bad thing. Extreme greed is oftentimes a good thing. Okay, extreme greed tends to have. There's two times that extreme greed happens and one time is a great time and the other time is a high risk time. Okay, the great time is when we have been at extreme fear. The market has fallen maybe the market fell by 10% or something and we're starting to see a rebound and what you'll see oftentimes is the components of the fear and greed index spike and everything spikes, everything jumps up and we get to extreme greed because we've gone from a low level and all of a sudden, investors are committing new capital to the money. Investors are getting excited and we see extreme greed. Extreme greed is almost always good, except when, if we were in some kind of an uptrend okay, we've been, we're in an established uptrend, something good happens, the market kind of spikes. We don't. It's rare that we really see extreme greed during an uptrend, but let's say it happens. Well, that tends to be a period where probably just don't want to commit new capital right now. I probably want to take a breather, wait, because risk is higher. You know it's extreme fear to extreme greed, but really it's low risk to high risk. Louis: But sometimes, as you know, sometimes that greed can be really good too. The other thing yeah, go ahead, sorry, no, no, I was just going to say that reminds me of like the traditional technical interpretation of momentum is after you've had a bear market, you always get to an overbought situation. That doesn't mean the trend's over, it just means the trend's beginning, and it's almost the same concept. It seems like to me to some degree like you're looking for the extremes, but sometimes you have to interpret it the opposite way after a certain condition, after a bear market or after you've had really a lot of fear, and then it pops back up to greed, well, that doesn't mean the trend's over, that means we're just starting to go up again. Exactly yeah, and you have a continuation of the trend. Jason: Right, yeah, yeah, completely. And so with anything, with any indicator, you have to look at it in context right. Everything from an economic indicator, cpi, et cetera. Everything has to be looked at within context. And with that, I think you have to look at the context within the fear and greed index, and that's why there are the seven components, and I actually feel that the seven components are more valuable than that headline number, than the speed dial, right. So we start with and CNN came up with these names and I love it that they did that, because they are so much better at explaining things than I am and they really they said well, you know, here's who our user base is. We want this to be something that is a sophisticated trader can use it. And, as you know, as we heard Katie Stockton tell us several years ago, lots of hedge funds use the fear and greed index, right, they use it as one of their marks to understand what investors are doing. But they want it to be understandable by retail investors, by my dad hundred versus 125 day moving average just to see how far like what is the momentum right. Use that word, it's completely accurate. What is the momentum Is it? Is it so high that it's potentially exhaustive right now? It's so high that it's potentially exhaustive right when we and we normalize it both over the last six months. But then we also go back and we normalize it again over two years to say is that six month number that higher, low that we have? How does that compare where we've really been over a longer period of time? And then we look at, as I mentioned, two measures of stock price strength and stock price breadth. So market breadth we're looking at both 52 week highs and lows on the New York Stock Exchange and then the McClellan Volume Summation Index. So really is money flowing into stocks going up or money flowing into stocks going down? Louis: And what we see is both of those numbers are sitting at extreme fear. Because, those are great indicators. They're such great indicators. Yeah, I mean, I remember back in the day doing a ton of backtesting and those were some of the most robust indicators, all three of them, especially on the new highs it's actually new lows is actually more valuable, in my opinion, based on the research years ago, than the new highs, but just because it showed that extreme capitulation. But those are great and they are complimentary. One is like the number of stocks hitting highs or lows, and then the other one is more. The McClellan summation is also very valuable and it can be manipulated in so many different ways. So and I love that you have three dimensions to that and while you were telling me about this, what struck me is I always try to put things in perspective for the individual investor and for the. You know how they can think about these things and make it useful for them. And I think one of the things that could be useful with this, or is useful for this, is understanding how you're feeling. Like you know, if you've just gone through a period of angst with your portfolio and then you notice that this thing is at fear, right, well, everybody's being fearful and like it's like what are you going to do in your portfolio during that period, right? Well, everybody's being fearful and like it's like what. What are you going to do in your portfolio during that period of time? Jason: Exactly. Louis: You know what how? are just you know how you're feeling, like if you can step away like that fish in the fishbowl with in the water, you know and say, yeah, I'm in the water and you know, and, and this is what's happening, and what am I going to do? And stay level headed. I always talk about like staying level headed is the most important thing as an investor. It's like if I'm overly optimistic, I need to bring myself down and if I'm overly pessimistic, I need to bring myself up. Tom Basso mentioned that to me years ago, who was one of the market wizards. Jason: Right. Louis: Talking about doing that, and I've really that's been probably one of the market wizards, right, talking about doing that, and I've really that's been probably one of the most helpful things for me personally and for advising clients as well and managing money. Just it's. It's it sounds so simple. It's like oh yeah, I know that, but yeah, but do you do it? Jason: Exactly, and that's where it's important to have something that's quantitative and unbiased, right, and I'll tell you a story about that that confirms what you just said. But when we first, a few years after we launched Fear and Greed, I was talking with a financial advisor and he said, oh, I use this thing all the time with my clients and I love it. He said how do you use it? And he said, well, I introduced them all to it. And then, when they call me, when the market is down, wanting to sell their positions, wanting to reduce risk the market's already fallen by 10% or 20% and now they want to reduce risk he says, ok, hang on a sec, go to CNN Markets, fear and Greed. What do you see? And they say extreme fear. And he says, ok, what does that mean? And the client always says, okay, what does that mean? And and the client always says, oh, yeah, everybody's afraid right now. Yes, and what does that mean? That means I shouldn't panic. And hey, let me write you a check because this is a good time to invest. Louis: There you go. So one thing I noticed that's not on here is valuation, which is so hard to time valuation. So this is, you know, valuation. So if you put this in context with valuation, then I think you have a powerhouse, really, because absolutely yeah. Yeah, because then you have that long-term

Kanske har du inte ens hört talas om Nvidia: Bolaget som vuxit om techjättarna på nolltid och som petade Microsoft från tronen som världens högst värderade bolag. De gick från att vara ett gamingbolag till att beskrivas som AI-revolutionens viktigaste spelare. Samtidigt varnar experter för att det kan bli en repris på it-bubblan. Så hur blev ett gäng datanördar plötsligt miljardärer? Kan konkurrenterna upprepa Nvidias succé? Och hur länge kommer framgångssagan hålla i sig? Gäst: Henning Eklund, techreporter på Svenska Dagbladet. Programledare och producent: Julia Fredriksson. Klipp i avsnittet: CBS News och BBC. Kontakt: podcast@aftonbladet.se

I ugens aktieunivers dykker vi ned i Nvidias Jen-Hsun Huangs keynote tale. Herudover har der været en masse spændende markedsnyheder i løbet som ugen, bl.a. indgår Apple og OpenAI et samarbejde, der er kommet en stærk jobrapport oveni at ECB-renten bliver sat ned med 0,25 point. Indien har valg, som Mathias gennemgår. Alt dette og meget mere! Denne episode er sponsoreret af Finobo. Få et gratis økonomitjek hos specialisterne i låneoptimering ved at bruge linket: finobo.dk/gratis-oekonomitjek-aktieuniverset/ Tjek os ud på: FB gruppe: ⁠facebook.com/groups/1023197861808843⁠ X: ⁠x.com/aktieuniverset⁠ IG: ⁠instagram.com/aktieuniversetpodcast⁠

In a major milestone for the tech industry, Nvidia has become the first company to surpass a staggering $3 trillion market capitalization. This achievement is driven by Nvidia's leadership in artificial intelligence (AI) chips and robust financial performance, with Q1 2024 sales reaching $26 billion. As AI technology continues advancing rapidly, Nvidia is well-positioned to capitalize on growing opportunities.Meanwhile, Apple is venturing into the home robotics space after discontinuing its self-driving car project. The tech giant is developing mobile robots to assist with household tasks like videoconferencing, as well as a tabletop device with a movable display for video calls. While still in early research stages, these robotics initiatives showcase Apple's innovation efforts.The field of bioelectronic medicine is also making transformative advancements by integrating electronics and biological systems. Bioelectronic devices can precisely modulate the body's electrical signals to diagnose and treat conditions like chronic pain, epilepsy, and diabetes in a targeted, less invasive way than pharmaceuticals. With improved biocompatible materials, bioelectronic medicine holds immense potential.From Perplexity's Discover feed:Nvidia's $3 trillion market caphttps://www.perplexity.ai/search/Nvidias-3-trillion-H3i59CLdT9uSzt.0jvV40QApple plans home robotshttps://www.perplexity.ai/search/Apple-plans-home-orNGCnKqQFKL_FofXFTRbgThe rise of bioelectronic medicinehttps://www.perplexity.ai/search/The-rise-of-AfIGZMdKQkmHs3piIxzgIwStarliner crew is on its way to ISShttps://www.perplexity.ai/search/Starliner-crew-is-.FbZVrvZRIKBAdoKpAckbwPerplexity is the fastest and most powerful way to search the web. Perplexity crawls the web and curates the most relevant and up-to-date sources (from academic papers to Reddit threads) to create the perfect response to any question or topic you're interested in. Take the world's knowledge with you anywhere. Available on iOS and Android Join our growing Discord community for the latest updates and exclusive content. Follow us on: Instagram Threads X (Twitter) YouTube Linkedin

I veckans redaktionspodd avhandlas Nvidias monsterrapport, en snusförsäljare på högvarv, tvära kast i OMXS30-listan och våra egna affärer. Bakom mikrofonerna: Daniel McPhee, Martin Blomgren och Pär Ståhl. ................................................... Gå till Placera.se för att läsa fler artiklar www.placera.se/placera/forstasidan.plc.html Här hittar du alla våra aktieanalyser www.placera.se/placera/aktier.plc.html Här finns alla våra fondanalyser www.placera.se/placera/fonder.plc.html Här finns våra makrokommentarer www.placera.se/placera/tema-makr…ommentar.plc.html Här hittar du det månatliga strategidokumentet www.placera.se/placera/Placerastrategi.plc.html Här kan du se redaktionens aktieinnnehav www.placera.se/placera/redaktion…ehav.plc.plc.html

Diesmal bei "Aktien mit Potenzial" im Fokus: Nvidia. Als absoluter Anleger-Liebling hat sich das Chip-Unternehmen zu einem der wertvollsten Unternehmen der Welt entwickelt. Zusammen mit dem Fondsmanager Timon Sitte sprechen wir über das riesige Marktpotenzial welches Nvidia durch Künstliche Intelligenz bzw. den KI-Hype erlangt hat, Nvidias großen Wettbewerbsvorteil und wieso der Überflieger aus dem Silicon Valley zum wertvollsten Unternehmen der Welt werden könnte.  Außerdem im Fokus: Welche Margen kann Nvidia vorweisen und wie werden Gewinne reinvestiert? Birgt das Geschäftsmodell von Nvidia sogar Gefahren? Erfahren Sie dies und weitere spannende Insights in dieser Folge von "Aktien mit Potenzial".  Wir wünschen Ihnen viel Spaß beim Zuhören und freuen uns sehr über Ihr Feedback!

Diese Folge von Tensorraum wirft ein Licht auf die spannenden Entwicklungen im Bereich der KI-Hardware, mit einem besonderen Blick auf die Akteure Nvidia & Groq. Arne und Stefan diskutieren die unersetzliche Rolle der Rechenleistung für die Fortschritte in der künstlichen Intelligenz, insbesondere wie Groq mit seinen innovativen Strategien und dem Bau eines Datencenters in Norwegen die Branche vorantreiben möchte. Gleichzeitig beleuchten sie Nvidias festen Stand beim Trainieren von KI-Modellen und diskutieren die zukünftigen Konkurrenzkämpfe. Ein weiteres spannendes Thema ist die Rolle der CEOs in der Technologiebranche, deren öffentliche Auftritte und Entscheidungen maßgeblich die Richtung ihrer Unternehmen bestimmen. Darüber hinaus betrachten sie die zukünftigen Möglichkeiten, die sich aus der Verbreitung verteilter Agenten und der Integration von großen Sprachmodellen (LLMs) ergeben, die das Potenzial haben, die Interaktion zwischen Mensch und Maschine neu zu definieren. Abgerundet wird die Diskussion durch eine Analyse der Positionen von Google, Microsoft und Apple in der sich rasch entwickelnden KI-Landschaft und wie diese Technologie Giganten durch Strategien und Partnerschaften ihren Einfluss im Sektor zu vergrößern suchen. Links zur Folge:  Jensen Huang & Sam Altman Groq Earth Wind & Power Das Datencenter in Norwegen Das Paper über benutzerzentrierte Benchmarks für LLMs Gebt uns gerne Feedback Email: info@tensorraum.de Links zu uns:  https://www.tensorraum.de Stefan Wiezorek: https://www.linkedin.com/in/stefanwiezorek/ Dr. Arne Meyer: https://www.linkedin.com/in/arne-meyer-6a36612b9/ 00:00 Intro & Teaser 02:09 Nvidias GPUs 07:39 Groqs LPUs  10:12 Die Rolle von Agenten 19:22 Earth Wind & Power und Groq Datencenter in Norwegen 27:27 Stefan's Use-Case Benchmark 36:19 Strategische Positionierung von Google, Microsoft & Apple 40:47 Open Source und Transparenz in der KI-Entwicklung 55:39 Abschluss und Ausblick

Was ist eine Leistungsbilanz? Wieso schrumpft das deutsche BIP Wachstum seit Jahrzehnten und wie könnte es weiter gehen? An welchen Punkten spaltet sich die Gesellschaft? Wird die UXL Foundation eine Bedrohung für Nvidia? Werbung: Personio - Die All-in-one-HR Softwarelösung aus München. Gehe jetzt auf Personio.de und bringen deine Personalprozesse auf ein neues Level. Philipp Glöckler und Philipp Klöckner sprechen heute über: (00:00:00) Podcast Tour  (00:13:55) Microsoft Teams Abspaltung (00:18:20) Mikro- vs. Makroökonomie (00:25:45) GDP (00:35:30) Leistungsbilanz (00:43:45) Standort Deutschland (00:49:50) Spaltung der Gesellschaft (00:59:40) UXL Foundation (01:09:30) Wie viel Wertschöpfung im Land Shownotes: Michael Krause Spotify: LinkedIn Apple bevorzugt paid Podcasts: Semafor Microsoft Teams: Reuters BIP Grafik: Statistisches Bundesamt GDP Growth Daten: IMF Leistungsbilanz: IMF

In der heutigen Folge „Alles auf Aktien“ sprechen die Finanzjournalisten Anja Ettel und Holger Zschäpitz über große Enttäuschung bei Hugo Boss, neue Hype-Hoffnungen für einen Börsenstar und die meistgeshorteten Aktien in Deutschland. Außerdem geht es um Nvidia, Apple, Intel, AMD, Broadcom, TSMC, ASML, Qualcom, Novo Nordisk, Eli Lilly, Bayer, Zealand Pharma, Roche, Pfizer, Hugo Boss, Costco, MongoDB, HelloFresh, Deutschen Pfandbriefbank, Nagarro, K+S, Branicks, Zalando, Varta, Fox E-Mobility, Siemens Energy, Nordex, SGL Carbon, Delivery Hero, ProSiebenSat.1, Lanxess, Encavis, Flatexdegiro, SMA Solar, Rheinmetall, Kontron und Tui. Wir freuen uns an Feedback über aaa@welt.de. Ab sofort gibt es noch mehr "Alles auf Aktien" bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts und AAA-Newsletter. Hier bei WELT: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

In today's episode, we delve into Nvidia's staggering earnings driven by AI, Google's introduction of Gemma open models, and BuzzFeed's strategic sale of Complex Networks.Follow up questions:How does NVIDIAS's Q4 revenue compare to other tech companies?How can developers use Gemma models?What is NTWRK and what kind of content does it produce?Perplexity is the fastest and most powerful way to search the web. Perplexity crawls the web and curates the most relevant and up-to-date sources (from academic papers to Reddit threads) to create the perfect response to any question or topic you're interested in. Take the world's knowledge with you anywhere. Available on iOS and Android Join our growing Discord community for the latest updates and exclusive content. Follow us on: Instagram Threads X (Twitter) YouTube Linkedin

Mike Armstrong and Marc Fandetti discuss how markets are stalling in anticipation of Nvidias earnings release. Higher interest rates are shattering housing dreams around the world. Home sales fall to a new 13-year low in October. Argentina's new president wants to adopt the US dollar as the national currency. The hidden hero fueling soft-landing hopes is a boost in supply.

Today we were thrilled to welcome back Gabe Collins, Fellow in Energy & Environmental Regulatory Affairs, along with his colleague Steven Miles, Fellow in Global Natural Gas, with Rice University's Baker Institute for Public Policy. Gabe last joined us on COBT in May of 2022 (episode linked here) and has a fascinating background in the economics, policies, and geopolitics of Russia and China, as well as national security-related research and analysis. In addition to his position at the Baker Institute, Steven is a Senior Counsel at Baker Botts and previously was a twenty-year Partner with the firm, serving as the Energy Sector Chair focused on LNG, natural gas, electric power, and renewable energy industries. It was our pleasure to visit with Gabe and Steven for a global energy conversation focused on LNG and Europe. The focus was on one key question: “why isn't Europe locking in more long-term gas supply?”   The catalyst to our discussion stems from a report co-authored by Gabe and Steven that will be published in the near future. Titled “Eastern Promises or Energy Fantasies: Why Is Europe Not Replacing Russian Pipeline Gas With Long-Term LNG Contracts?”, the report leverages analysis from 600+ LNG contracts over 25 years leading up to the Ukraine invasion. In our discussion with Gabe and Steven, we cover key themes including the inspiration behind writing the paper, the potential role and intentions of China, Europe's response to its gas shortage and its reliance on spot LNG, potential geopolitical risks, and the potential explanations for Europe's reluctance to sign long-term gas contracts. We also discuss the concept of funding post-war Ukraine through gas surcharges, Mexico's growing LNG capacity, how Europe's decision not to contract LNG longer-term could be hurting the developing world and the climate, and the discrepancy between European policymakers' optimistic view of hydrogen and renewable energy with the unease among industrial players who see the ongoing demand for gas and the challenges in transitioning away from it. Gabe and Steven also recently wrote an article in Foreign Policy that touches on many of these aspects, linked here.   Mike Bradley kicked us off by highlighting upcoming events and topics of interest. Economically, all attention is on Federal Reserve Chairman Powell's Jackson Hole speech this Friday for color/clarity on how much higher/how much longer interest rates could stay elevated. In commodities, crude oil remains steady around $80/bbl., with traders seemingly divided on which dynamic will win this year, that being supply (OPEC cuts) or demand (China weakness). He also noted that LNG markets will be closely following this week's current Australian LNG labor negotiations to handicap the potential for an LNG strike in the coming weeks, which could impact up to 10% of global LNG. From a broader equity market standpoint, equity traders will be intensely focused on NVIDIAs earnings and rounded out the conversation by flagging recent midstream deals with one of the key themes being “controlling the molecules” from wellhead to end user/markets. He also highlighted a Permian E&P merger this week between two mid-cap E&Ps, which is leading investors to contemplate whether an acceleration of public-to-public deals could be forthcoming, and whether they'll be done at premiums. Arjun Murti highlighted the spillover effects of how policies from the EU will have ramifications for the rest of the world, comparing key themes from Gabe and Steven's report to recent Super-Spiked themes. Todd Scruggs chimed in to share LNG trends including the short-term extremely tight supply-demand balance in Europe and longer-term potential for the US to become