1. The market is now pricing in an inevitable rate cut from the Federal Reserve, likely in September. The focus has shifted from inflation to unemployment as the key metric to watch. 2. NVIDIA earnings on Wednesday will be crucial for market sentiment. There's anticipation of strong results, but some analysts warn of potential downside risk due to high expectations. 3. Small caps and regional banks are showing strength, potentially benefiting from expected rate cuts. The iShares Russell 2000 ETF (IWM) was up while broader markets were down. 4. Palantir (PLTR) saw some profit-taking after a strong run, down about 3%. Amit views this as normal consolidation after big gains. 5. SoFi showed strength, up over 3% despite broader market weakness. Amit sees $8 as a reasonable target given upcoming rate cuts. 6. Concerns were raised about the arrest of Telegram's founder in France over content moderation issues, highlighting tensions between tech companies and government regulations. 7. The semiconductor sector saw weakness ahead of NVIDIA earnings, which the speaker noted as a common pre-earnings pattern that often reverses if results are strong. 8. There was discussion of international investment opportunities, with Amit expressing caution on Chinese stocks due to regulatory risks but interest in India and Argentina. 9. A chart was shared showing the dramatically falling costs of AI model training, highlighting the rapid progress and potential future impacts of AI technology. 10. Amit emphasized the importance of unemployment data staying stable for the market rally to continue, even with expected rate cuts. Amit said he's not a fan of heroin.
Amit, Nvidia has a Hopper refresh ready to sell instead of the originally planned blackwell b100. The GH200 has 3.5x more gpu memory and 3x more bandwidth vs H100 - it's a significant upgrade and it'll sell like hotcakes. B200 will still be ready to roll basically on schedule.
Singapore doesn’t control cars for cultural reasons but economic ones. Cars are expensive (a 318i is currently USD198K) because of taxes, the government gets about USD150K in taxes.
