Snapshots That Wow!

Streedhan shining bright!

The trust reposed in the shiny yellow metal by the women of India, shines on brightly as the market cap of gold crosses $20 trillion!

Source: incrementum AG

Why ECON 101 should be mandatory?

Ask any student of Economics, they know the Laffer curve. Somehow Norwegian policy makers forgot it.

Norway wanted to increase tax revenue by $146M.To achieve this, the wealth tax was raised.

The result however was slightly different: individuals worth $54B left the country.

This led to $594M less in wealth tax revenue.

The net loss? $448M.

Source: @visegrad24

The world is losing out on sleep!

Reed Hastings, the CEO of Netflix, famously commented that the true competition to Netflix is sleep.

Given the ever increasing number of paid subscribers to the OTT platform, seems like more of the world is losing out on sleep! 28.3cr paying subscribers!

Source: Charlie Bilello

Downtrading luxury?

Luxury goods are seeing a trend of down-trading with smaller ticket items like perfumes and cosmetics performance being resilient for LVMH vs. higher ticket size items such as fashion/ leather goods/ watches/ jewelry!

Source: LVMH Q3 2024 Earnings Presentation

Stocks: A domestic saga world around

The median value of US consumers’ stock holdings spiked to $250,000 in October, the most on record.

Over the last 12 months, this amount has DOUBLED, according to the University of Michigan consumer survey.

Now, equities account for 48% of US households' net worth, the highest since the 2000 Dot-Com bubble peak.

Source: Kobeissi Letter

Semicon: From shortage to glut!

Wondering why all semiconductor companies saw a fall in stock prices, ASML- the largest manufacturer of lithography machines supplying to all the semiconductor manufacturers reported a fall in net order booking in Q3.

"It now appears the recovery is more gradual than previously expected. This is expected to continue in 2025, which is leading to customer cautiousness." – Christophe Fouquet, CEO

Source: Quartr