54 min
Hamilton to Ferrari, Big Tech Earnings, and The Cultural Impact of Apple's Vision Pro Reformed Millennials - Learn Earn and Invest
-
- Business
Listen in podcast app and follow below for the podcast topic arc.
* Sports business update (Netflix $5B Deal with WWE)
* Inflation news and jobs data
* Market update
* META earnings
* AMZN earnings
* Vision Pro impacting culture
* Recommendations and Links
Listen on Apple, Spotify, or Google Podcasts.
Market Update📈📉
Welcome back.
We had a very exciting week in markets. There was some important US data that was released. QRA & RRP, FOMC and Big Tech earnings.
QRA - There was a net funding for US treasury and bills, which was a surprise and would be considered a headwind for equities.
FOMC - Many forecasters assumed that Quantitative Tightening (QT) would end in June, however, after this months meeting it’s quite clear that QT ending is no longer a certainty. There will be no rate cut in march.
In order to see a cut, Jerome Powell will need to see a few CPI prints that negate the benign inflation that we have seen over the last few quarters.
This is all to say, that its clear we are in a fairly precarious place with regards to equity pricing. We are priced for a perfect “no landing'“ situation.
AI and Big Tech:
Big Tech AI driven Earnings Season Momentum continues: Meta took the investor crown with its quarterly results, with the stock up almost 20%, with Amazon also seeing a double digit positive reaction. Microsoft, logged some gains initially post announcement gains, but gave them up later in the week. Apple and Google had modestly muted reactions, Apple for weakness in China, and Google for continued concerns on AI impact on its Search business. Lots in the weeds to parse for each of the ‘Magnificent 7’, but overall, the AI sentiment tailwinds continue.
How to think about the evolution of culturally important technology: Vision Pro
If one looks back at Apple’s ‘platform’ record over the decades, the company is generally never the first in a hot new tech area. But when it does make its move, it’s typically a committed, focused, and multi-year bet on making it a vertically integrated ‘Best’. With an almost religious ‘attention to detail’, fusing both the hardware and software elements. With the North Star of the eventual user experience.
Let’s look at the broad strokes through tech history. Apple typically relabels the tech to whatever it wants. (This time it’s ‘Spatial Computing’ instead of ‘VR, AR or MR’).
Let’s look at this ‘late’ but eventually ‘best’ trend through Apple’s history:
* GUI (Graphical User Interface) pioneering Macs in the 1980s, bringing the world from the ‘Command Line’ of Microsoft’s MS-DOS to their eventual success with Windows 95 and beyond,
* to its Internet ‘built-in’ iMacs in 1997 when Steve Jobs ‘came back’ to Apple,
* to the iPod that revamped the Music industry from albums to buying music tracks individually, changing the habits of billions in how they consumed music,
* to of course the mobile phone with the iPhone in 2007 after Blackberry and many others had already ‘taken the lead’, redefining the ‘Smart Phone’, and establishing the ‘App Store’ and App Economy that now sees over a trillion in business activity per year,
* to the Airpods in the ‘Wearables’ space, overtaking prior wired and wireless efforts,
* to the Apple Watch, which continued the ‘Wearables’ progression from others, painstakingly iterating over many years,
* to now the Vision Pro in headsets that have seen billions in expenditures by everyone from Meta/Facebook with Oculus/Quest headsets to Microsoft, Sony, and so many others.
Twitter links from the pod:
* AMZN earnings recap
* META earnings recap
* Oil stocks to own forever
* Real estate development story that will blow your mind
* Bill Gross talks about QT and QE
Podcast & YouTube Recommendations🎙
* How to think about New All Time HIGHS - from the Compound
* How to think about product pricing - Invest Like The Best
Best Links of The Week🔮
* "After decades in the s
Listen in podcast app and follow below for the podcast topic arc.
* Sports business update (Netflix $5B Deal with WWE)
* Inflation news and jobs data
* Market update
* META earnings
* AMZN earnings
* Vision Pro impacting culture
* Recommendations and Links
Listen on Apple, Spotify, or Google Podcasts.
Market Update📈📉
Welcome back.
We had a very exciting week in markets. There was some important US data that was released. QRA & RRP, FOMC and Big Tech earnings.
QRA - There was a net funding for US treasury and bills, which was a surprise and would be considered a headwind for equities.
FOMC - Many forecasters assumed that Quantitative Tightening (QT) would end in June, however, after this months meeting it’s quite clear that QT ending is no longer a certainty. There will be no rate cut in march.
In order to see a cut, Jerome Powell will need to see a few CPI prints that negate the benign inflation that we have seen over the last few quarters.
This is all to say, that its clear we are in a fairly precarious place with regards to equity pricing. We are priced for a perfect “no landing'“ situation.
AI and Big Tech:
Big Tech AI driven Earnings Season Momentum continues: Meta took the investor crown with its quarterly results, with the stock up almost 20%, with Amazon also seeing a double digit positive reaction. Microsoft, logged some gains initially post announcement gains, but gave them up later in the week. Apple and Google had modestly muted reactions, Apple for weakness in China, and Google for continued concerns on AI impact on its Search business. Lots in the weeds to parse for each of the ‘Magnificent 7’, but overall, the AI sentiment tailwinds continue.
How to think about the evolution of culturally important technology: Vision Pro
If one looks back at Apple’s ‘platform’ record over the decades, the company is generally never the first in a hot new tech area. But when it does make its move, it’s typically a committed, focused, and multi-year bet on making it a vertically integrated ‘Best’. With an almost religious ‘attention to detail’, fusing both the hardware and software elements. With the North Star of the eventual user experience.
Let’s look at the broad strokes through tech history. Apple typically relabels the tech to whatever it wants. (This time it’s ‘Spatial Computing’ instead of ‘VR, AR or MR’).
Let’s look at this ‘late’ but eventually ‘best’ trend through Apple’s history:
* GUI (Graphical User Interface) pioneering Macs in the 1980s, bringing the world from the ‘Command Line’ of Microsoft’s MS-DOS to their eventual success with Windows 95 and beyond,
* to its Internet ‘built-in’ iMacs in 1997 when Steve Jobs ‘came back’ to Apple,
* to the iPod that revamped the Music industry from albums to buying music tracks individually, changing the habits of billions in how they consumed music,
* to of course the mobile phone with the iPhone in 2007 after Blackberry and many others had already ‘taken the lead’, redefining the ‘Smart Phone’, and establishing the ‘App Store’ and App Economy that now sees over a trillion in business activity per year,
* to the Airpods in the ‘Wearables’ space, overtaking prior wired and wireless efforts,
* to the Apple Watch, which continued the ‘Wearables’ progression from others, painstakingly iterating over many years,
* to now the Vision Pro in headsets that have seen billions in expenditures by everyone from Meta/Facebook with Oculus/Quest headsets to Microsoft, Sony, and so many others.
Twitter links from the pod:
* AMZN earnings recap
* META earnings recap
* Oil stocks to own forever
* Real estate development story that will blow your mind
* Bill Gross talks about QT and QE
Podcast & YouTube Recommendations🎙
* How to think about New All Time HIGHS - from the Compound
* How to think about product pricing - Invest Like The Best
Best Links of The Week🔮
* "After decades in the s
54 min