#193 - Google IO, Inflation and the Impact of Apple's AR/VR Headset

Reformed Millennials - Learn Earn and Invest

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* Gary Bettman’s legacy

* Market Update

* Hard vs. Soft Landing

* Google IO - Bard vs. Open Ai

* Alberta Election is in 14 DAYS

* Recommendations and Predictions

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📈📊Market Update💵📉

The Transcript does a fantastic job on twitter summarizing last weeks most important market topics: see the link here to their running thread.

What a year it’s been.

Markets are up, but the participation has been super thin, especially in the US.

The rest of the world east of North America, while tangled in war, are all knocking on all time highs. JC at All Star Chats sets the table well in his newsletter here: Quotes blocks are his.

S&P can’t make up it’s mind:

BUT everything else is doing fine: Check the Nasdaq

When you look elsewhere, you continue to see strength in places that you would not expect to see it if, in fact, stocks all over were about to collapse.

Highest weekly close for the Nasdaq100 since August.

The Japanese market is banging on the door of 52 week highs:

All of this is to say that while North American markets feel expensive and challenged. There are pockets of the global market that continue to show signs of promise.

Heading into the week ahead, market participants will continue to be pricing in the likelihood of recession.

I highly recommend checking out the Datatrek daily market update if you want to keep your finger on the pulse of markets and interest rates.

💸Reformed Millennials - Post of The Week

As a kid I spent a lot of time alone. Golfing. Reading. Watching sandlot…

Now that I’m 33 with a family, a phone addiction and a reasonably strong network… I find it hard to get to know myself to the same degree I did as a kid.

A quote from the article:

“If you want to live a happy and fulfilling life, it’s important to take the time to get to know yourself.

That means spending time alone, reflecting on your thoughts and feelings, and exploring your interests. It also means being honest with yourself about your strengths and weaknesses.

Once you know yourself, you can start making choices that align with your values and goals. You can also build stronger relationships and set boundaries that protect your time and energy.”

🎙Podcast & YouTube Recommendations🎙

* Stan Druckenmiller appeared at Sohn and it is well worth the watch: Some of the things he talks about - Biotech, copper, silver, gold and the opportunity in AI.

* Google IO: “Seven years into our journey as an AI-first company, we’re at an exciting inflection point. We have an opportunity to make AI even more helpful for people, for businesses, for communities, for everyone. We’ve been applying AI to make our products radically more helpful for a while. With generative AI, we’re taking the next step. With a bold and responsible approach, we are re-imagining all of our core products, including search.”

🔮Best Links of The Week🔮

* Google IO and state of play in AI Source: Ben Thompson

* Blumhouse: The Hollywood Horror Hit Machine - How Jason Blum turned "constraints breed creativity" into a business model. Source: Trungphan

* All the tools and information you’ll need to track the Alberta Election - Source: Pocket Lobbyist

* "Howard Marks, the co-founder of $172bn investment group Oaktree Capital Management, has warned that the boom in private credit will soon be tested as higher interest rates and slower economic growth heap pressure on corporate America. The 77-year-old billionaire told the Financial Times that big asset managers had competed aggressively to lend to the largest private equity groups as money poured into their coffers in 2020 and 2021, raising questions over the due diligence the funds conducted when they agreed to provide multibillion-dollar loans." Source: FT

* "Smartphone applications developed by Chinese companies are spreading around the world, despite the growing trend of governments viewing them as possible security threats. Looking at the top five downloads in 95 countries and regions, Chinese apps such as TikTok accounted for a third of the total in the first quarter of the year, according U.S. research company Sensor Tower, which looked at downloads from Google and Apple distribution services. Of the total 475 top five apps for the first quarter, 156 were Chinese. That represents 33% of the total and an 8-point rise from 2020. ByteDance's TikTok, a short video sharing platform, was the most popular, hitting the top five in 82 markets, or 86% of the total. Its CapCut video editing app is also rapidly growing, reaching the top five in 48 markets, or 51% of the total." Source: Nikkei Asia

* Bob Elliott twitter thread on inflation and CPI data - Source: Twitter

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