Oh Duncan is redder than my strawberry Jackie right now:
- Duncan spilled a drink on himself
What they actually do at RWM (Ritholtz Wealth Management):
- They have 30 financial advisors who talk to clients full-time
- They have service advisors and a tax team supporting them
- They also have people working on the 401k side, traders, client service associates, and other roles such as president, COO, chief of staff, etc.
- They have a media team that helps with content production
Is Apple the next IBM?:
- Chart shows the performance of IBM stock over the past 10 years compared to the Nasdaq
- Revenue for IBM is down 34% in the last 10 years and net income is down 88%
- Apple's market cap is much higher than IBM's
The future of tech giants:
- The top companies in the S&P 500 are often replaced by new ones over time
- However, in recent years, tech giants like Apple, Amazon, Google, and Microsoft have remained at the top consistently
- There is debate about whether these tech giants are irreplaceable or if there will be new companies taking their place in the future
Zero days to expiration option trading:
- The volume of zero days to expiration options has increased significantly in recent years (from 5% in 2016 to 43% currently)
- CBOE concludes that this type of trading does not have a significant impact on market volatility or price patterns
US government debt maturing over the next year:
- Approximately $7.6 trillion worth of US government debt will mature within the next year (31% of all outstanding debt)
- This could potentially impact interest rates and overall market conditions
US corporate net interest payments falling again:
- Net interest payments for US corporations continue to decline despite rising interest rates
- This may be due to reduced borrowing or other factors impacting corporate finances
Tech sector as a deflationary force:
- The tech sector has been a deflationary force with prices for technology products decreasing over time
- A chart shows that information and information processing have experienced negative inflation almost every year, indicating falling prices in these areas
Housing market inventory scarcity:
- The CEO of KB Homes predicts that builders will be in the driver's seat for years to come due to scarce housing market inventory
- Some resale inventory is not even livable, highlighting the need for more new construction
The impact of Instagram on shopping habits:
- The speaker mentions using Instagram as a personal shopper, but notes that ideas on Instagram are getting dumber
- An example is given of a sauna being promoted as the best thing for sleep, suggesting questionable product recommendations on the platform